News

The State Bank of Vietnam (SBV)’s decision to raise credit growth targets for banks is expected to create favourable conditions for businesses to lend capital, including real estate firms, according to experts.

The Vietnam Green Building Week 2022 is scheduled to take place in Ho Chi Minh City from October 13 – 14 with a focus on measures for realising Vietnam’s commitments made at the 26th UN Climate Change Conference (COP26).

A thematic session on accelerating institutional reform – perfecting land policy for socio-economic recovery and development, as part of the 2022 Vietnam Socio-Economic Forum, opened in Hanoi on September 18.

Prime Minister Pham Minh Chinh has ordered reviewing legal regulations in an effort to ensure the stable, healthy and sustainable development of the real estate market.

Removal of the land price framework issued by the Government will make the market more transparent and prevent real estate from skyrocketing, according to Minister of Natural Resources and Environment Tran Hong Ha.

Hanoi is speeding up progress on several key projects, according to the municipal People’s Committee.

In the open period of 2022, the central city of Da Nang is recovering by focusing more on branded tourist real estate projects. Moreover, Da Nang continues to develop smart urban areas with the ambition to put the city into the map of a high-class living and resort urban area.

Today, Vietnam is celebrating the 77th anniversary of National Day. Colourful flags and flowers can be seen in both urban and rural areas. People nationwide can’t help but be happy and excited, because such an atmosphere was impossible during the 2 years of COVID-19. In returning to normality, the Government together with the people and the business community, made remarkable contributions.

Vietnam’s property market, including the industrial, residential and office segments, saw vibrant merger and acquisition activities in the first seven months as companies pour big bucks into potential projects.

Prime Minister Pham Minh Chinh has called for “flexibility” in providing credit to the property sector.

Positive changes in the real estate sector are crucial if the country wants to meet its green growth targets. Along with construction, the sector is the source of nearly 40% of carbon emissions in the world and consumes about 36 percent of total power generated globally, according to experts.

Office real estate is thriving, with new Grade A buildings entering the Hanoi market at the end of the year, according to Savills Vietnam.