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[2009-06-10] Securities fever to attack real estate market as well
Securities fever to attack real estate market as well
(Listed Jun 10, 2009)
The stock market was scorching hot and real estate prices skyrocketed in 2007. As the stock market is warming up these days, experts believe that the 2007 scenario will repeat, which means that the real estate market will warm up.Getting hot and cold at the same timeAnalysts said that in the months from March to May, securities investors on both the OTC and official bourses got the profit of 100 percent at least. Many ... |
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[2009-06-10] Qualified foreigners will be able to buy land from August
Qualified foreigners will be able to buy land from August
(Listed Jun 10, 2009)
Foreign individuals and enterprises having all the required documents will be able to own property beginning in August, according to a Government decree published last Saturday.According to the new decree, foreigners eligible for land-use right certificates will have to obtain a range of documents."It is really big news for me because it will allow me to live in my father's country for the rest of my life. Before t... |
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[2009-06-10] Ministry announces HCMC megacity plan
Ministry announces HCMC megacity plan
(Listed Jun 10, 2009)
Ho Chi Minh City will become a regional megacity with an area of more than 30,000 square kilometers, according to a 2020-2050 masterplan announced in Dong Nai Province Monday.According to the Ministry of Construction’s plan, HCMC will be a key metropolis linking with other southern provinces including Binh Duong, Binh Phuoc and Dong Nai.Vo Van Mot, chairman of the Dong Nai Province... |
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[2009-06-10] Government sweetens deal for low-income housing
Government sweetens deal for low-income housing
(Listed Jun 10, 2009)
Investors in low-income housing will enjoy a spate of incentives including land use/lease charge and value added tax (VAT) exemptions under a prime ministerial decision that takes effect today.The decision is expected to promote housing projects for people with low incomes nationwide and expedite construction of ongoing projects in several localities.The document stipulates incentive policies for investors, construction requ... |
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[2009-06-10] VND175 trillion allocated for urban upgrade
VND175 trillion allocated for urban upgrade
(Listed Jun 10, 2009)
Around VND175.000 billion will be allocated for the national urban upgrade programme from 2009 to 2020 following a decision by the Prime Minister.The money will come from the State budget, Official Development Assistance (ODA) and other domestic and international sources. The programme will be targeted towards 4th - tier cities across the country, with a focus on upgrading residential areas with poor-quality infrastructure and i... |
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[2009-06-08] National Assembly deputies decry use of golf courses to build villas
National Assembly deputies decry use of golf courses to build villas
(Listed Jun 8, 2009)
Many National Assembly (NA) deputies say that the NA needs to issue a resolution to strictly supervise the use of agricultural land, including land for golf courses.Disguised businessAfter several field trips to meet with voters, NA deputy Nguyen Lan Dung said: “All green bamboo rows have gone, to be replaced by industrial zones and golf courses.”Dung added: Golf courses ought to have been bui... |
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[2009-06-08] Real estate market report (May 29th, 2009 – June 4th, 2009) Capital lending to purc
Real estate market report (May 29th, 2009 – June 4th, 2009) Capital lending to purchase houses only for high-income earners
(Listed Jun 8, 2009)
Recently, many banks launched a few consumer products lending packages, especially for purchasing houses. The lending limit for such transactions is up to 90% of the guaranteed assets value, lasting from 20 to 30 years. However, in fact, these promotions mainly target the high-income customers. Credits allowing low-income people to buy houses re... |
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[2009-06-06] Two-year plan to enable poor families build, repair homes
Two-year plan to enable poor families build, repair homes
(Listed Jun 6, 2009)
The Ha Noi People's Committee yesterday kicked off a two-year plan to offer poor people financial support to build new houses.The plan will spend VND73 billion (US$4.1 million) from the city's budget and VND24 billion ($1,3 million) from the City's Fund for the Poor.According to the plan, poor families with dilapidated houses or disabled old people unable to build a house will get VND20 million (US$1,142) support to... |
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[2009-06-06] Villas for VIPs to be built inside National Convention Centre
Villas for VIPs to be built inside National Convention Centre
(Listed Jun 6, 2009)
Around five hectares of land inside the National Convention Centre in Hanoi will be reserved for building villas for VIPs, said a government official.Nguyen Thi Duyen, Director of the National Assembly House and Ba Dinh Meeting Hall project management unit, said that the agency is working on a project to build ten luxurious villas with gardens in the National Convention Centre in Me Tri commune, Tu Liem district... |
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[2009-06-05] Projects proceeding at snail’s pace causing HCM City losses
Projects proceeding at snail’s pace causing HCM City losses
(Listed Jun 5, 2009)
Most capital construction projects in HCM City are being implemented very slowly, causing losses of thousands of billion dong for the state budget.HCM City authorities approved a project to build the 36-classroom Hiep Binh High School to serve students in Hiep Binh Phuoc, Linh Trung and Linh Xuan wards in Thu Duc district. The project has been carried out by the Thu Duc district project management unit since... |
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[2009-06-05] Planning for golf course projects needed
Planning for golf course projects needed
(Listed Jun 5, 2009)
Vietnam needs a clear zoning plan for golf courses to reduce the adverse impacts of their unfettered development.Dr. Nguyen Hong Thuc from the Institute of Resettlement Studies says that while the Vietnam Golf Association puts the expected number of golf courses in 2020 at 30 (the current number is 18), 144 golf course projects have been licensed, which is questionable. It is also noteworthy that 76 projects are under construction, ... |
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[2009-06-05] Trade in building bids leads to shoddy work
Trade in building bids leads to shoddy work
(Listed Jun 5, 2009)
The trading of construction bids between construction companies has led to a drop in the quality of building work as well as poorer standards of safety for labourers, according to deputy director of HCM City's Construction Department Nguyen Van Hiep.While trading of constructions bids outright is regarded as a crime, firms can easily exploit legal loopholes, said Hiep "The criminal law defines this type of trading as a crime but ... |
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[2009-06-05] HCM City to establish low density zones for universities
HCM City to establish low density zones for universities
(Listed Jun 5, 2009)
Prime Minister Nguyen Tan Dung has assigned the Ministry of Construction to create a special zoning plan for universities and colleges to 2025 with a vision to 2050.The zone encompasses HCM City as well as the provinces of Dong Nai, Binh Duong, Ba Ria-Vung Tau, Binh Phuoc, Tay Ninh, Long An and Tien Giang. The plan aims to reduce the density of students and the number of universities and colleges in urban areas by se... |
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[2009-06-04] International architecture exhibition kicks off in city today
International architecture exhibition kicks off in city today
(Listed Jun 4, 2009)
Some 140 architecture and construction companies are displaying their architecture designs, building blueprints and construction materials at around 500 booths at the Vietnam Architecture Exhibition 2009, or VIETACR'09, which will be opened in HCMC today.Organized by the HCMC Association of Architects and Gia Phuc Media Joint Stock Company, VIETACR'09 attracts 70 foreign companies including those from the U.S., ... |
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[2009-06-04] Binh Duong province determined to fulfill construction of houses for the poor
Binh Duong province determined to fulfill construction of houses for the poor
(Listed Jun 4, 2009)
The statement was made by provincial vice-chairman Nguyen Van Hiep at the meeting implementing provincial plan to build houses for the poor.According to statistics by provincial Department of Labor, War Invalids and Social Affairs, the whole province is now home to nearly 580 poor households that have demand for housing support. Owning to many reasons, the figure may be much higher, participants ... |
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