The Thanh Cong Textile Garment-Investment-Trading Joint Stock Company (TCM) plans to expand its business into real estate and securities brokerage. It is already listed on the HCM City Stock Exchange.

The construction sector has over the past 50 years proved itself an instrumental industry for national industrialisation and modernisation with rapid urbanisation seen across the country.

A zoning plan submitted by the Ministry of Construction to Prime Minister Nguyen Tan Dung envisages developing the southern key economic zone into a gateway for international trade and a national and regional business hub.

Problems about the development and sustainability of urban areas were the main focus of a Construction Ministry seminar in Ha Noi this week.

Vietnamese people have to pay a lot to build houses as construction material prices are increasing day by day. Many houses have been left unbuilt as their owners do not have money to pay for construction materials.

In contrast to the gloomy climate of the high-grade apartment market, property business operations at industrial zones (IZs) are bustling due to demand fueled by increasing flow of foreign investments.

The southcentral province of Phu Yen has attracted major foreign investment projects after years of lagging behind other parts of the country.

Land clearance process also slowing needed developments

Minister of Construction Nguyen Hong Quan will discuss the country’s real estate market via online-chat on May 9, instead of yesterday as scheduled, according to the government’s website.

Eighty per cent of the Vietnamese population can’t afford a house according to a meeting of real estate experts last week in the capital city.

Facing urbanisation, many farmers living in HCM City’s rural districts like Cu Chi and Nha Be find it hard to continue farming.