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Vietnam mulls opening ailing real estate market to foreign buyers

Vietnam mulls opening ailing real estate market to foreign buyers

Vietnam’s Ministry of Construction has proposed that foreigners residing in the country are given more chances to buy homes in Vietnam as part of efforts to reduce inventories in real estate sector. 

In a report sent to Prime Minister Nguyen Tan Dung late last month, the ministry proposed that organizations like foreign investment funds, banks, Vietnamese branches and representative offices of overseas companies as well as all foreigners who have a visa to the country that is valid for at least three months, are allowed to buy homes – apartments and independent houses – in Vietnam.

 

Illusion of failure shrouds good deals

Illusion of failure shrouds good dealsReal estate has become one of the hottest merger and acquisition (M&A) sectors in recent years, however many of the facts about the deals are rare...

Saigon Airport Plaza completes first stage

Saigon Airport Plaza completes first stageHo Chi Minh City’s Saigon Airport Plaza – a mixed-use project of four components namely apartment, office, hotel/serviced apartment and shopping c...

Real estate M&A bustling

Real estate M&A bustlingThe real estate market has seen merger and acquisition (M&A) activity active over the past six months with some large projects changing hands whil...

Myanmar the new promised land

Myanmar the new promised landAs the Vietnam property market continues to struggle, some real estate firms are setting sights on more lucrative investments in Myanmar.  Leon ...

Hoi An’s olden days re-created at ongoing Quang Nam Festival

Hoi An’s olden days re-created at ongoing Quang Nam FestivalThe ancient Hoi An town of 100 years ago was vividly re-created at the ongoing 2013 Quang Nam Festival, which runs till June 26 with more exciting eve...

Over 90 projects on Phu Quoc Island cancelled

Over 90 projects on Phu Quoc Island cancelledKien Giang Province authorities say that they have cancelled 93 projects on Phu Quoc Island, with a total area of 5,500 ha. These projects are stopped...

Bridging gap for financial centre

Bridging gap for financial centreProperty developer Dai Quang Minh has been named the investor for a pedestrian bridge over the Saigon River linking Ho Chi Minh City’s business dist...

SBV: VND30 trillion for housing assistance loans

SBV: VND30 trillion for housing assistance loansThe State Bank of Vietnam (SBV) has announced it is making VND30 trillion ($1.44 trillion) available to five commercial banks to offer soft loans to h...

$270 mln plan proposed for airport near Mui Ne beach

$270 mln plan proposed for airport near Mui Ne beachThe coastal province of Binh Thuan’s government has proposed setting up a new airport near its famous Mui Ne beach.  The province has worked w...

No quick fix for low-cost housing

No quick fix for low-cost housingThe Ministry of Construction's proposal to allow housing developers to convert commercial housing projects into low-income housing could benefit both ...
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