Land prices in Ho Chi Minh City in the 2020-2024 period will be kept stable, with the highest price listed at VND162 million per square meter and the lowest, VND1.5 million, helping stabilize market prices.

Four components of the first phase of the Ho Chi Minh City smart city project have been completed to serve certain sectors, HCMC Chairman Nguyen Thanh Phong told a press briefing on January 9.

The slow issuance of home ownership certificates, commonly known as pink books, to residents living in apartment buildings is largely due to investors’ violations of regulations on mortgages and construction.

While other sectors have made significant improvements in their processes and product quality to boost their productivity, the construction sector has lagged behind, according to experts at a recent conference.

An “innovation urban area” in eastern Ho Chi Minh City will include the Thu Thiem new urban area, Rach Chiec sports complex and Tam Da eco-tech center, according to plans announced at a ceremony on November 23.

The amendment to the 2013 Land Law, which includes many unreasonable and overlapping regulations, will make a bad situation worse, according to experts at a seminar in Ho Chi Minh City on November 22.

Ho Chi Minh City (HCMC) has cut unnecessary costs to lower the investment capital for its first metro line by VND3.4 trillion (US$146.5 million) to VND43.6 trillion.

The intersection at Vietnam National University-HCMC in Thu Duc District, which cost a total of VND270 billion to construct, on November 8 opened to traffic to ease traffic jams in the eastern part of the city.

The Quang Ninh Provincial People’s Committee and the Japan International Cooperation Agency (JICA) jointly organized the “Final Seminar for Green Growth Dissemination and Promotion” in Ha Long City on November 8.

The Ho Chi Minh City (HCMC) government has approved a proposal to develop a museum in District 9, instead of the Thu Thiem New Urban Area in District 2, at a total cost of VND1.43 trillion.

Authorities of the southern province of Ba Ria-Vung Tau have suspended an aquarium project that has already reclaimed thousands of square meters of land in the sea, as experts and the public have voiced their objections.

It is necessary to develop strict penalties to combat those operating fraudulent real estate businesses to protect the legitimate rights of consumers and legitimate firms, according to experts.

New supplies of offices for lease in HCMC in the third quarter of this year kept office rents, especially Grade A offices, from rising further, according to property service provider CB Richard Ellis (CBRE) Vietnam.

Large-scale residential zones need to be developed in the suburban parts of HCMC and across its neighbors to meet the growing demand for housing, given the high population density in the southern metropolis.

The government of Ho Chi Minh City is reviewing plans to expand roads leading to Cat Lai Port, easing the chronic traffic congestion and directly benefiting businesses operating at the port and logistics providers.