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New property law piles risk on banks

HCM CITY (VNS)— A proposed decree to guide the recent amendments to the Law on Real Estate Business that requires housing developers to get guarantees from banks before they can sell or lease out units needs to be more specific to ensure safety, a developer has warned.

Japanese group invests in HCM City

HCM CITY (VNS) — Japan's Creed Group, a real estate firm specialising in principal investment and property development, has signed a comprehensive investment co-operation contract with An Gia Real Estate Investment and Development JSC.

Nearly $1.7b of FDI pours into real estate market

HCM CITY (VNS)— The country's property market attracted US$1.69 billion in foreign direct investment (FDI) for 15 projects in the first seven months of 2015, according to the Foreign Investment Agency. This figure accounted for 19.3 per cent of the total FDI capital of $6.92 billion.

Foreigners Buy Houses In Vietnam - Stimulus Resource For Real Estate

On July 1st 2015, the law for foreigners to buy houses in Vietnam began to take effect. 2015 07 15 1This will make the real estate market have a larger demand. Thus, for approaching international standards, the investors have to adjust operations, ways of working and management to introduce the products with strict requirements on quality and attentive service ... so as to meet the requirements of this new market.

City's real estate boom needs good planning

While residential developments in the west and north of HCM City have few customers, the property spotlight is falling on the east and south of HCM City where Districts 2, 9, and Binh Thanh are seeing plenty of transactions.

Vietnam real estate market continues attracting foreign investors

Foreign direct investment (FDI) capital to Vietnam’s real estate market has continued increasing recently with high-value deals of many giants from South Korea, Japan and Singapore. The Foreign Investment Agency under the Ministry of Planning and Investment reported as of July 20, the country has licensed 1,068 new projects with the registered capital of US$6.92 billion, up 1 percent over the same period in 2014

VIR - New law widens foreign home rights on July, 2015

With a majority of 77 per cent vote the National Assembly last week passed the long-awaited amended Law on Housing which would expectedly make positive changes to home-ownership rights for foreigners. Bich Ngoc reports.

Foreigner property rights to boost Vietnamese realty market

Viet Nam's real estate market will become more competitive within the region because foreigner property rights will soon be allowed, Savills Viet Nam said in a statement last November 26.

Viet Nam - EU basically end negotiations on bilateral FTA

Vietnam and the European Union (EU) have basically concluded negotiations on the bilateral free trade agreement (EVFTA), announced Vietnamese Minister of Industry and Trade Vu Huy Hoang at a press conference in Hanoi on August 4.

Hoang said he and EU Trade Commissioner Cecilia Malmstrom had a phone talks on August 4 during which they agreed on the basic conclusion of negotiations on the EVFTA, which is one of the agreements with the highest quality between the two sides and expected to greatly benefit their peoples and businesses.

The minister said in October 2010, Prime Minister Nguyen Tan Dung and President of the European Commission Jose Manuel Barroso agreed to commence talks on the deal after completing technical works. The two sides announced the official beginning of negotiations on June 26, 2012.

After almost three years with 14 official rounds of talks and many mid-term negotiations between ministers, heads of delegations and technical groups, Vietnam and the EU have reached agreement on all basic contents of the EVFTA, he noted.

The EVFTA is a comprehensive and high quality agreement that ensures the balance of interests for both Vietnam and the EU. The pact covers the trade in goods, rules of origin, customs and trade facilitation, sanitary and phytosanitary measures, technical barriers to trade, trade in services, investment, trade remedies, competition, State-owned enterprises, Government procurement, intellectual property, sustainable development, cooperation and capacity building.

Minister Hoang said the EVFTA negotiations were commenced and concluded amidst the flourishing relations between Vietnam and the EU, especially in economics and trade.

During the FTA talks, the two sides agreed on frameworks of cooperation and capacity improving programmes in fields of mutual interest, he noted, adding that these frameworks will help Vietnam continue building the legal system, supporting the implementation of commitments in the FTA and raising the competitiveness of its small- and medium-sized businesses, ultimately augmenting bilateral trade and investment activities.

The official also said the FTA signing with a developed partner like the EU will open up a wide range of opportunities for Vietnam to access cutting-edge technologies, improve management skills and create more jobs, thus helping ensure social welfares.

To early realise these interests, both sides agreed to accelerate the summarisation of technical content in order to complete the EVFTA this year and sign and approve it as soon as possible, he added.

At the press conference, Head of the EU Delegation to Vietnam Ambassador Franz Jessen said the agreement is a new model for the bloc’s negotiations on FTAs with developing countries. It is also a milestone in fostering trade between the EU and ASEAN nations.

The EU is currently the second biggest trade partner and one of the two largest export markets of Vietnam.

In 2014, two-way trade exceeded 36.8 billion USD, a year-on-year increase of 9 percent. It included nearly 28 billion USD worth of Vietnamese exports which are mainly footwear, apparel, coffee, wood products and aquatic products.

Twenty-three of the 28 EU member nations invested in Vietnam by the end of 2014 with over 2,000 valid projects worth more than 37 billion USD. EU investments are present in almost all important economic sectors of Vietnam, especially industry, construction and some services.-VNA

Source: Vietnamplus

* More informations, please contact: An Phat Real Estate - Hotline: 0938.218.206 or saigon4sale4rent@gmail.com

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