More property firms exit market in 2022
HCMC – The number of real estate enterprises that pulled out of the market in 2022 soared by some 40% year-on-year, according to data from the Agency for Business Registration. Negative cash flows and higher prices of building materials sent many property firms into a tailspin, said the Ministry
Top 10 economic events of 2022
HCMC – Here’s a look back at 10 key economic events in Vietnam in 2022 selected by Kinh Te Saigon Online, a publication of the Saigon Times Group. Real estate market with bad records in 2022 The real estate market was known for its bad records in 2022, including inventory at a record high,
Experts warn of real estate risk in 2023
HCMC – Experts of the Central Institute for Economic Management (CIEM) have forecast that the gloomy global economic picture will continue to affect the Vietnamese economy next year, especially the real estate market. Inflation, high interest rates, volatile foreign exchange rates, restrictions on
KBC plans to buy back 100 million shares
HCMC – Kinh Bac City Development Holding Corporation, which trades its KBC shares on the Hochiminh Stock Exchange, will hold the second extraordinary shareholder meeting on December 28 to pass a plan to buy back 100 million shares. At the meeting, the firm will seek to cancel its previous plan of
PM seeks crackdown on housing and bond fraud
HCMC – Prime Minister Pham Minh Chinh has ordered a clampdown on irregularities in the corporate bond and real estate markets, although it could affect market sentiment. The Prime Minister was speaking during a government meeting held Thursday morning, December 1. According to Chinh, rapid and
Is it time for REITs?
Real Estate Investment Trusts (REIT) were established in Vietnam’s assets legal system in 2012. However, questions remain behind their unpopularity among investors in the domestic market. Real estate investment has recently stalled as credit growth limits have reduced banks’ loan access.
Industrial real estate sector maintains growth momentum
HCMC – The growth prospect of the country’s industrial real estate market is bright, with ample new supply in the third quarter of 2022. The real estate market saw a substantial increase in supply between July and September due to the introduction of many new projects, according to the Housing and
Central bank says real estate loans restricted to ensure safety for banks
HCMC – Vietnam’s central bank governor has said real estate loans are being restricted to protect commercial banks and control inflation. Speaking at a Q&A session of the National Assembly today, November 3, Nguyen Thi Hong, governor of the State Bank of Vietnam (SBV), said that at a time when
Budget housing still in short supply
HCMC – The real estate market remained unstable in January-September this year, with social housing and low-cost commercial apartments still in short supply, according to the Ministry of Construction. While there were no new housing projects approved in the third quarter of the year, only 12% of
'Cultivating Communities' With Angus Liew, General Director At Gamuda Land (S2E10)
Gamuda Land, a Malaysian property development firm, goes beyond 'convenience;' its projects are centered on environmental sustainability.
Fitch Assigns Vietnam's Dat Xanh Group's Proposed Notes 'B' Rating
DXG's rating reflects the company's expanding market position as a residential property developer in southern Vietnam and its status as the country's largest real-estate brokerage.
Ba Ria – Vung Tau keeps planning of 6 golf course development areas, with total investment of hundreds of billions USD
Up to now, Ba Ria – Vung Tau has a golf course project with a capital of 4.1 billion USD which is being delayed. In the period 2020 – 2030 with a vision to 2050, the province keeps planning for 6 golf course development areas. In a document sent to the Ministry of Planning and […]