Detailed regulations are needed to promote a healthy condotel market, which has been going off-track for years due to an unclear legal framework, experts have said.

Vietnam is earmarking environmentally friendly, high tech investment to best serve the sustainable growth of the country.

While there are few, if any, signs of the real estate bubble bursting in 2020, the Ministry of Construction said that land prices could increase in some areas.

With 50 five-star hotels and 68 four-star hotels being built last year, the luxury segment now has 466 hotels with 97,098 rooms, according to a report released by the Vietnam National Administration of Tourism.

Prime Minister Nguyen Xuan Phuc on January 11 urged the northern province of Ha Nam to further carry forward its potential and advantages as a gateway of Hanoi capital city, and make breakthroughs in development.

The real estate market of Hanoi saw high demand for Grade A apartments for rent and sale in the third quarter, according to Savills Vietnam’s quarterly report on Hanoi's property market.

The northern province of Phu Tho plans to build three more industrial park (IPs) with a total area of 750ha this year, according to the Phu Tho IPs Authority.

Real estate remained the second biggest magnet for foreign direct investment (FDI) in 2019, following processing – manufacturing, as it attracted USD3.88 billion, equivalent to 10.2 percent of the total registered.

The commercial banks’ preferential interest rates will be remain unchanged at 5 per cent for social housing this year, according to a decision of the State Bank of Viet Nam (SBV).

The first certified Halal convenience store was put into service in Ho Chi Minh City on December 25, giving Muslimsin the southern metropolis more food choices.

The People’s Committee of Ho Chi Minh City has submitted to Prime Minister Nguyen Xuan Phuc a proposed zoning plan of 1/2000 scale for a new 380-hectare industrial park (IP) in Binh Chanh district.

An enterprise or State agency should be responsible for the management of apartment building and maintenance fund with the participation of representatives including residents, investors and local management agencies.

The southern province of Dong Nai has seen swift disbursement of foreign direct investment (FDI) which surpassed the province’s plan, said local officials.

The Ministry of Construction (MoC) on November 28 released its first quarterly report on the domestic real estate market.

According to the Korea Trade-Investment Promotion Agency, Vietnam, with a population of over 96 million, is an attractive market for Korean investors.