Ministry proposes allowing foreigners to buy, own houses in Vietnam
The Ministry of Construction has proposed the Government allow foreigners to buy and own houses in Vietnam in the draft Housing Law (amended).
More realty businesses established, resume operations in 2022
The number of newly-established enterprises and businesses resuming operations in the real estate market saw a remarkable rise last year, said the Ministry of Construction.
PM’s task force formed to address difficulties in real estate projects
Deputy Prime Minister Le Van Thanh yesterday signed Decision No.1435/QD-TTg to establish the Prime Minister’s task force for monitoring, urging, guiding localities and businesses in solving problems when implementing real estate projects.
Urbanization rate to reach at least 45 percent by 2025
Vietnam’s urbanization rate would be at least 45 percent by 2025 and over 50 percent by 2030 under an action program adopted by the Government.
Ministry plans for one million social housing projects
Minister of Construction Nguyen Thanh Nghi has just submitted to the Government an investment project to build one million social houses for low-income people and workers in industrial parks and export processing zones in the 2021-2030 period. For the feasibility of this plan, many solutions are needed.
Ministry implements project to develop cities in response to climate change
The Ministry of Construction is conducting a project on developing Vietnam’s cities in response to climate change for 2021-2030 toward a goal of sustainable development and risk mitigation.
Ministry plans to build 1.8 million apartments for low-income earners
The Ministry of Construction (MoC) has submitted a plan to build over 1.8 million apartments under a social housing scheme for low-income earners and workers in industrial zones (IZs) by 2030.
Limited-term apartment ownership not contrary to Constitution, Civil Law: MoC
Deputy Head Nguyen Manh Khoi of the Housing and Real Estate Market Management Agency (Ministry of Construction) yesterday had a talk with the press regarding the proposal on the duration of apartment ownership in the second draft of the amended Law on Housing.
No social housing project investor accesses preferential loans
From 2016 to now, no social housing project investor has been able to access preferential loans.
Real estate firms facing new challenges
Limited capital and scarce supply, along with new regulations on property tax, are putting pressure on real estate businesses.
Ministry of Construction to check key projects in seven localities
The Ministry of Construction yesterday said that the agency is expected to check the cost management, construction contracts in seven provinces of Quang Ninh, Thanh Hoa, Khanh Hoa, Tien Giang, Can Tho, Dong Nai and Lam Dong in the second and third quarter this year.
80 percent of real estate trading floors reopen
Up to 80 percent of real estate trading floors have resumed operations, along with the establishment of new ones, according to the Ministry of Construction (MoC).
Capital flow into real estate should not be blocked
Some banks have announced to stop providing real estate loans, and the corporate bond channel to attract capital for real estate has also been tightened. Faced with this situation, experts raised many financial and capital solutions to reduce risks and develop a sustainable and stable real estate market at the seminar on "Controlling capital into real estate - Policy and impact" held by the Ministry of Construction, on May 11, in Hanoi.
Development of non-fired building materials faces difficulties
According to the program to develop non-fired building materials in Vietnam to 2030, recently approved by the Prime Minister, the production and use of non-fired building materials will reach the rate of 35-40 percent by 2025 and 40-45 percent by 2030. It is not an easy target to achieve because, currently, non-fired building materials still face many difficulties in both production and consumption.
Present supply of social houses not meet market demand: Ministry
According to the Ministry of Construction, the present supply of social houses has not met the market demand.
Vietnam still lacks low-priced apartments
Vietnam has less than half of the low-income houses it targeted for in 2020, according to data from the Ministry of Construction (MoC).
Ministries propose adjusting import tariffs, encourage use of new materials
Right from the beginning of this year, the Ministry of Industry and Trade (MoIT) reported to the Prime Minister on the forecast of supply and demand, as well as price fluctuations of steel products in the global market and Vietnam in 2021 and the coming years.
Ministries request strict management on real estate market
The Ministry of Construction, on March 30, said that it had sent Official Dispatch No.989/BXD-QLN to the People's Committees of municipalities on strengthening the management of the real estate market.
Average cost per unit of North-South expressway at VND 115.8 bln one km
The Ministry of Transportation on June 6 announced that the approved cost per unit for the North-South expressway is at VND115.8 billion per kilometer, much lower than that in the Decision No.44/2020 of the Ministry of Construction.
Ministry urges strengthening of anti-money laundering in realty
The Ministry of Construction has recently requested the Departments of Construction in cities and provinces to urge enterprises in the real estate sector to report suspicious transactions and cash transactions worth VND300 million (US$13,000) and above.