Vietnam continues its rapid development with a slew of new property types springing up in recent years, Photo: Le Toan According to the Foreign Investment Agency under the Ministry of Planning and Investment, real estate business ranked second in size since early this year, with total registered capital of $6.5 billion in 87 new registered projects. “With foreign direct investment (FDI) being funneled into the real estate sector, Vietnam remains an attractive destination for real estate investment in 2019 and beyond. It is because the demand for residential real estate, industrial zone infrastructure, trade centres, and resort real estate remains high,” said Nguyen Tran Nam, chairman of the Vietnam Real Estate Association. According to the country’s housing development strategy, the average housing area of the nation will reach 25 square metres per capita by 2020. To achieve this goal, 100 million sq.m of new housing will be built each year, 70 per cent of which … [Read more...] about Real estate poised for positive 2019
Real estate crm for mac
Vietnam hosts International Real Estate Conference for the first time
The International Real Estate Conference (IREC) 2018 expects to welcome more than 300 international representatives and nearly 1,000 participants from the country. The August 15 press conference of IREC 2018 This is the first time that the Vietnam National Real Estate Association and the US National Association of Realtors agreed to organise IREC 2018 in Vietnam. The conference was held in the Philippines in 2015, South Korea in 2016, and Thailand in 2017. IREC 2018 is taking place between September 5 and 7 at the National Convention Centre in Hanoi with the theme “Vietnam—A world of opportunities.” In addition to Chairman of the Hanoi People’s Committee Nguyen Duc Chung, Minister of Construction Pham Hong Ha, US Ambassador to Vietnam Dan Kritenbrink, and Chairman of the US National Association of Realtor Vince Malta, and leaders of the government will also attend and speak at the conference. The conference is a good chance for state authorities, … [Read more...] about Vietnam hosts International Real Estate Conference for the first time
Real estate developer for strategic partnership
Real estate developer for strategic partnership (13-08-2007) HCM CITY — Hoa Binh Construction and Real Estate Co yesterday signed a contract to sell 1.2 million shares to the PetroVietnam Finance Co making it a strategic partner. PVFC will pay VND78 billion (US$4.8 million) for its stake in Hoa Binh. "The strategic co-operation with PVFC will not only bring in more development projects (to Hoa Binh) but also help speed up our own projects," said HBC chairman Le Viet Hai. The two companies will share investment opportunities as well as benefiting from "a combination of Hoa Binh’s experience in project construction and management with PVFC’s competence in providing capital and other financial solutions," Hai said. Yesterday they also reached an agreement on jointly developing a complex in downtown Nha Trang. With a total investment of $70 million, the project will build a trade centre and a 36-floor five-star hotel, according to Luu Quang Lam, the director of … [Read more...] about Real estate developer for strategic partnership
Garment maker tries real estate on for size
Garment maker tries real estate on for size (03-03-2008) Sewing machinists at Duc Giang Garment Co, a subsidiary of Viet Nam Textile and Garment Group (Vinatex). The group has recently established two more companies working in real estate and garment materials. — VNA/VNS Photo Cam Binh HCM CITY — Two new companies – one operating in real estate and the other in materials for the textile and garment industry – were opened by the Viet Nam Textile and Garment Group (Vinatex) last Saturday. The Vinatex Real Estate Joint-Stock Company (VinatexLand) was founded by Vinatex and businesses including Phong Phu and Ha Noi textile and garment corporations and Hop Phu Investment and Development Co. It has charter capital of VND300 billion (US$18.7 million). Apart from implementing Vinatex property projects, VinatexLand will engage in developing industrial parks, residential and office buildings, as well as offer real estate management services. Its activities will … [Read more...] about Garment maker tries real estate on for size
It’s time for foreign investors to get real estate projects for a song
VietNamNet Bridge – The lack of investment capital and gloomy domestic market have brought golden opportunities to foreign investors to buy real estate projects for knock-down prices. Park City in Ha Dong district in Hanoi, Splendora in Hoai Duc district and AIC urban area in Me Linh are the three out of tens of real estate projects Vietnamese developers have transferred to foreign investors. The involved parties in the transfer deals declined to reveal the value of the projects, but the sums of money Vietnamese developers got from the deals were much lower than the money they had to pay to obtain the right to develop the projects. In 2007, when the real estate market was in its golden age, South Korean Keangnam Group had to register a $1.05 billion project, pay VND1 trillion dong for the land use right and donor $5 million for social and charity activities of the city in order to obtain the 4 hectare land plot on the Pham Hung Road. Here on the land area, the group … [Read more...] about It’s time for foreign investors to get real estate projects for a song