Experts say that Vietnam’s lack of affordable public housing is in part the result of poor government policies, which discourages most investors. Accommodation for low-income residents, government workers and students is dreadfully inadequate, especially in Vietnam’s big cities. But while demand for low-cost housing increases by the day, the number of new housing projects has failed to keep pace.
A report by Ho Chi Minh City’s Department of Construction says there are 130,000 government workers and armed forces’ officers, among which 20,000 lack accommodation.
However, businesses say that the new regulations are not yet clear enough to attract investors.
Foreign donors guaranteed Vietnam official development assistance of more than US$8 billion at a meeting Friday, a sharp increase from the figure pled...
Vietnam has lured US$19.7 billion in foreign direct investment (FDI) in the first 11 months of this year, according to the Ministry of Planning and In...
Real estate developer Indochina Land will launch a sales program for its US$150 million commercial and residential complex in Hanoi this Saturday. The...
The Ministry of Construction has scrapped four cement-making projects because they do not meet the requirements of the nation's Cement Industry Develo...
Almost 50 new development projects are expected to be announced in Vietnam at the end of this year and the beginning of 2010. Most are centered on the...
Though Vietnam has not completely escaped the economic downturn, it still can catch the eye of foreign investors. Kyocera (Japan) and Hong Leong Bank ...
Hanoi will have four satellite cities (Soc Son, Me Linh, Quoc Oai, Xuan Mai – Mieu Mon) plus a series of urban areas between the No. 3 and No.4 belt...
Foreign direct investment in the real estate sector has soared in Vietnam in the last three years, but economists are skeptical about the benefits the...
Charmvit Plaza – a seven star commercial and office centre – will open in Hanoi in the first quarter of 2010, CB Richard Ellis Vietnam (CBRE) has ...
Real estate and construction material businesses are set to reward investors as business picks up in the second half of this year. Construction materi...
