Strong growth potential and low-cost labor supply continues to make Vietnam the most promising Asian investment destination in 2020 for Japanese firms, with India and Southeast Asian countries dominating other top spots.
The Khanh Hoa Province Department of Construction had sent an official letter to request 129 investors of tourism projects not to sell property to foreigners, asking developers to comply with the established laws.
The Republic of Korea (RoK) has become Vietnam’s biggest foreign investor and is playing an important role in some key economic sectors, accounting for over one fifth of the total flow of FDI into the country in 2019.
Pledged foreign investment in Vietnam amounted to US$38.02 billion this year to December 20, the highest in the past decade, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
CapitaLand Vietnam and Surbana Jurong on December 19 signed an MoU with the aim to collaborate on developing and promoting sustainable and smart city solutions for CapitaLand Vietnam’s future real estate projects.
Though the condotel market is facing major challenges, investment in condotels remains appealing and is expected to benefit the real estate sector, as long as a clear legal corridor is established to protect investors.
In the last quarter of 2019 and 2020, the market is expected to welcome approximately 50,000 units across the two biggest megacities Hanoi and Ho Chi Minh, according to the latest report by CBRE.
In the future, Technology and Flexible Workspace will continue to dominate office demand thanks to the boom in new start-ups and the thriving of technology industry of Vietnam in recent years, according to CBRE's report.
Airports Corporation of Vietnam, an airport operator, has proposed a project to build Terminal 3 for Tan Son Nhat International Airport at a cost of VND10.99 trillion (US$478 million) to Prime Minister for consideration.
Ken art space and Lim Tower jointly announced their inaugural art exhibition Metamorphosis| Hinh Bien, the first of its kind in Vietnam uniting fashion, architecture and visual arts, to be stage at Lim Tower 3 in Saigon.
With many investors getting duped by developers, the HCMC Real Estate Association (HoREA) has proposed amending unreasonable regulations affecting the condotel segment which causes huge losses to secondary investors.
According to EZ Land Vietnam, the company has only one official website ezland.vn, while the website ezland.com.vn is a fraud and contains no valid information.
An MoU on cooperation signed December 10 between Phu Long Corporation and MJ Group is part of Phu Long’s ambitious plan to develop a mammoth resort paradise on Phu Quoc island with a focus on wellness tourism.
Vietnam has been honored with “the World’s Leading Heritage Destination 2019” winning the category at the 26th World Travel Awards (WTA) held in Muscat, Oman, according to the Vietnam National Administration of Tourism.
A French consultancy has proposed several planning adjustment options for Hanoi’s overloaded Noi Bai International Airport to ensure the capacity expansion to 100 million passengers per year.