Two Vietnamese real estate companies in Vietnam have recently announced plans to expand their businesses in the U.S.

Real estate experts denied there was a shortage of apartments for rent in the city, following warnings to foreigners by leading real estate corporation CB Richard Ellis (CBRE) that the city was suffering a huge shortage of top-grade apartments.

Many real estate moves have indicated that, supply sources for this market still have an opportunity to increase its price remarkably regardless of financial difficulty.

The HCMC government has approved a land lease of over 400 square meters at 106 Nguyen Van Troi Street in Phu Nhuan District to construct a high-rise office building, according to Thanh Nien

Bank credit tightening has made life hard for real estate investors to seek funding for their apartment projects. But several real estate experts have projected a brighter outlook for the market, saying there will have a strong demand in the serviced apartment segment.

Party General Secretary Nong Duc Manh asked local Thai Nguyen Province authorities to ensure enough agricultural land for food security while developing the agricultural and industrial sectors simultaneously.

Winn Enterprises, a master franchisee of the U.S.-based Coldwell Banker Real Estate Corporation, tied up with Vietnamese partners yesterday.

The Asian Development Bank (ADB) signed a historic agreement with the Government of Viet Nam yesterday to loan the country US$1.1 billion for construction of the Noi Bai-Lao Cai section of the Kunming-Hai Phong Transport Corridor.

Despite great volatility this year, the Vietnamese property market is still considered one of the most attractive in Asia, a seminar that ended in HCM City on Wednesday heard.

As banks’ liquidity has improved, they have resumed consumer credit after a long period of tightening loans. However, they do not have many clients, since high interest rates make the loans inaccessible to many people.

Deputy Prime Minister Hoang Trung Hai on Wednesday ordered stricter inspections of vital infrastructural projects, including verification of quality, in order to expedite their construction.