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Foreign investment in VN surges 40% to $19.2 billion. HA NOI (VNS) — Foreign direct investment (FDI) worth US$19.2 billion poured into Viet Nam through October 20, 2015, a whopping rise of more than 40 per cent over the same period last year. Foreign investment in VN surges 40% to $19.2 billion. According to the General…

Property market looks for TPP edge HA NOI (VNS) — The Trans-Pacific Partnership (TPP) deal will have a positive impact on the domestic real estate market, while the property market has recovered in the third quarter, experts said. Property market looks for TPP edge. The TPP deal has been struck after five years of negotiations. It…

Retail services sales hit $110b. The country’s total retail sales and services revenue reached US$110 billion, rising 9.8 per cent over the same period last year, or 9.1 per cent, if inflation is excluded. Retail services sales hit $110b According to the General Statistics Office (GSO), the retail sales of goods and services in September alone…

Homebuyer support package launched. HA NOI — A credit package worth some VND20 trillion (US$952.38 million) will be released to support homebuyers interested in commercial and urban housing projects, reported Xay Dung, the Ministry of Construction’s e-paper. The ministry made the announcement in a document sent to the government office, whereby it approved the lending…

HCMC Property sector receives more remittances Since early of this year, Ho Chi Minh real estate market has been recovering thanks to more incoming remittances poured into the sector.  According to Nguyen Hoang Minh, Deputy Director of State Bank of Vietnam – HCMC branch, in the first five months of this year, incoming remittances to…

Coastal Villas Hunted by Foreign Investors. According to top real estate trading floors in two major cities of Ho Chi Minh City and Hanoi, a large number of inquiries for coastal villas are sent from foreigners.  Along with recovery of the whole market, a large capital inflow is being poured into Vietnam real estate market,…

Rental Office Market Went Down in May. Compared to the previous month, rental office market in May 2015 saw no sign of improvement. Vacancy rate remained high level, especially at A-class office buildings in two major cities of Hanoi and Ho Chi Minh City.  According to a market survey of PDReal’s Board of Market Research,…

Indochina Plaza Sold to Hong Kong Firm. Recently, Vietnam’s leading property developer and fund manager Indochina Land has sold Indochina Plaza to Hong Kong’s investment fund Gaw Capital Partners.  Reported by Indochina Land, four of its investment projects, consisting of Indochina Plaza in Hanoi, Hyatt Regency in Danang and two projects in Ho Chi Minh…