Thought leaders real estate meet the team

Vietnam was the seventh best destination in the world for expats, according to the 2022 Expat Insider survey by InterNations, which threw up opportunities for the country's real estate. 84% of expats in Vietnam said they are happy with their lives compared to a global rate of 71%. Several factors have contributed to the blossoming of expat communities in major cities such as Hanoi and Ho Chi Minh. Many people choose Vietnam for the opportunities it offers to develop their talents, increase their incomes and achieve a stable life. Strong economic integration has also led to an increase in the number of foreign experts sent to Vietnam by international corporations. The expat community is often categorized as a high-income group. They have experience of all kinds of high-class living spaces, which clearly explains the strict requirements they have for their homes. Like successful young Vietnamese, they place a strong emphasis on criteria such as diverse facilities, spacious … [Read more...] about Expat community a force reshaping Vietnamese real estate

This is therefore an opportune time for the hospitality and real estate industry to reflect on what has happened and discuss was to increase competitiveness in both regional and international markets. Entitled “Vietnam Hospitality and Real Estate - Time for a Level Up”, the Meet The Experts' conference will take place on March 30th in Ho Chi Minh City, with more than 40 of the industry’s leading experts discussing the latest trends and sharing industry insights. Some of the highlighted topics: Vietnam and regional market updates Megatrends and market changes - Unlocking opportunities Judging by numbers - Hotel profitability in ASEAN Real estate conversion in hospitality - Vietnam's potential Megatrends - Consumer experiences that create value Redefining luxury dining and F&B value in real estate Colour trends in interior architecture Lifestyle, boutique, and soft brand hotels - Vietnam's untapped opportunity Investment and development talks … [Read more...] about Hospitality and real estate experts to share their views

The expat community is often made up of fascinating, knowledgeable, and talented individuals. They choose to become expats and move to another country due to job requirements, a desire for freedom, adventure, or a love for the culture, lifestyle, and people of that country. In recent years, Vietnam has become an ideal destination. Many people choose Vietnam for the opportunities to develop their talents, increase their income, and get a stable life. Simultaneously, strong economic integration has also led to an increase in the number of foreign experts sent to Vietnam by international companies and corporations. Combined, these factors have contributed to the blossoming expat community in major cities such as Hanoi and Ho Chi Minh. The expat community is often categorised as a high-income group. They have experienced all sorts of high-class living spaces before, which explains their strict requirements for the home. In Hanoi, Tay Ho is a popular destination for the elite … [Read more...] about Vietnam’s status as one of world’s most livable countries brings real estate opportunities

Politburo member and Secretary of the HCM City Party Committee Nguyen Van Nen (standing) speaks at the meeting with heads of Vietnam’s overseas representative bodies on March 17. (Photo: VNA) HCM City (VNA) – Leaders of Ho Chi Minh City called for support from heads of Vietnam’s overseas representative bodies for local development, during a meeting on March 17. Politburo member and Secretary of the municipal Party Committee Nguyen Van Nen appreciated opinions by the new ambassadors of Vietnam and highly valued their sense of responsibility and aspiration to dedicate to the country. He asked the HCM City People’s Committee to soon devise a mechanism of coordination with Vietnam’s overseas representative bodies so as to contribute to local development. Stressing that the ambassadors and heads of overseas representative agencies are representatives of Vietnam in the eyes of foreign friends and partners, Nen wished them good health; steadfastness in their stance, … [Read more...] about HCM City leaders receive heads of Vietnam’s overseas representative bodies

The number of cases handled by courts at all levels has increased about 6% annually while the quality of courts’ judging and settlement of cases has also recorded progress. The rate of the verdicts cancelled or amended due to subjective causes was low, under 1.5%, according to a report delivered at the meeting. The application of information technology to hold online trials has helped save a large amount of money for the state budget and also won high evaluation from the public, said Chief Justice of the Supreme People’s Court Nguyen Hoa Binh, who is also a Politburo member and Secretary of the Party Central Committee. Applauding the court sector’s achievements, President Vo Van Thuong highlighted a high rate of cases settled, a gradual decrease in the rate of cancelled or amended verdicts, improved quality of hearings, the timely and stringent settlement of economic and corruption cases, as well as the promoted IT application. However, he also pointed out some problems and noted … [Read more...] about State leader requests courts to further improve judging quality

Land law adjustments aim to protect entities as well as the real estate market, photo Le Toan In a seminar to collect opinions from enterprises and experts regarding amendments to the Law on Land held last week in Ho Chi Minh City, Seck Yee Chung, a representative of the Vietnam Business Forum’s Trade and Investment Working Group, said that Article 35.d of the draft law provided that domestic companies only have the right to mortgages with their land and properties attached to the land at credit institutions licensed to operate in Vietnam. “This means that companies in Vietnam cannot mortgage their factory or land through foreign lenders, which creates great challenges for them to access competitive financing resources outside the country,” Chung said at the seminar, which was organised by the International Finance Corporation (IFC) and Ministry of Natural Resources and Environment (MoNRE). “Foreign lenders will look for security assets of Vietnamese companies to secure their … [Read more...] about Land law points further scrutinised

Illustrative image (Photo: VNA) Hanoi (VNA) – Vietnam ’s industrial real estate sector has great potential for developing more projects related to data centres, cold storages and logistics, according to John Campbell , Associate Director, Head of Industrial Services at Savills Vietnam - the largest and most experienced real estate services company in the Southeast Asian nation. Main opportunities in the logistics industry include last-mile logistics services and the implementation of a logistics 4.0 system, said Campbell. Moreover, investors can take advantage of the lack of cold storages in Vietnam to develop new projects, and increase supply for the market, he said, adding that the construction of built-to-suit warehouses to meet special technical requirements is also an attraction for investors. Jack Harkness, Director of Regional Industrial and Logistics Services at Savills Asia Pacific, stated that the industrial and logistics real estate sector, which … [Read more...] about Industrial, logistics property attractive to investors: Savills

Illustrative photo (Photo: VNA) Hanoi (VNA) – Increasing foreign investment is expected to come to industrial, logistics properties in Vietnam, pushing the growth of the sector. according to insiders. The largest-ever US business mission to Vietnam including 52 businesses visited Vietnam from March 21-23 to learn about the local market and seek investment opportunities. Most of the firms in the mission have business and production activities in Vietnam. Major groups around the world also have production expansion plans in Vietnam in the coming time. According to CBRE Vietnam, the rent of industrial real estate and occupancy rates are very good across all regions of the country. The demand for industrial land is said to remain high this year. (Photo: VNA) Vietnam’s industrial real estate sector has great potential for developing more projects related to data centres, cold storages, and logistics, according to John Campbell, Associate Director, Head of Industrial … [Read more...] about Vietnam’s industrial, logistics property growing as more FDI expected

In Vietnam, local businesses cannot mortgage land use rights (LUR) as security to a foreign lender. But this is allowed in our peer markets, and it is carried out with robust regulation, proper dignity, and thoughtful national protections. So, why are we behind the pack? Darryl Dong-Principal country officer IFC Vietnam Vietnam’s restriction on land security for foreign lenders reduces available funding and increases borrowing costs to local companies. Basically, we are penalising the country and making it less competitive. It also makes it more difficult for the government to supervise foreign financing, since the parties simply find workarounds through complex structures to create security packages for loans because they cannot get on the ground security. In Vietnam, where the non-performing loan (NPL) market is still not developed, this mortgage restriction is a showstopper for foreign NPL investors who want to bring us their capital and expertise. We need to put … [Read more...] about Mobilising international finance for land security

The heads of sub-municipal agencies are called upon to take specific measures to improve the satisfaction of the population and businesses with public services. Hanoi would soon complete a database on land management to effectively carry out administrative procedures in this field for the benefit of the public and private sectors. Hanoi from above. Photo: The Hanoi Times The Office of the Hanoi People’s Committee released announcement No.95, providing the conclusion of Hanoi Vice Chairman Nguyen Trong Dong on the works of issuance of certificates for land use rights, ownership of houses, and attached assets in the city. In recent months, the city's Department of Natural Resources and Environment has been working on favorable policies to improve public satisfaction with land-related services. According to statistics, the Hanoi Land Registry Bureau has issued 300,812 certificates out of a total of 368,337 for homeowners in housing projects, accounting for … [Read more...] about Hanoi to have land management database in place soon