Ho Chi Minh City authorities have approved 17 commercial housing projects for sale to foreign individuals and organisations, in a move aimed at expanding regulated foreign access to the local real estate market.

A series of key infrastructure projects will commence or be inaugurated in Hue to mark the 50th anniversary of the central city’s liberation (March 26) and the 95th anniversary of its Party Organisation (April 1930-2025), local authorities announced on March 17.

Prime Minister Pham Minh Chinh inspected the construction site of the Lao Cai - Hanoi - Hai Phong railway project and attended the groundbreaking ceremony of a social housing project in Lao Cai city in the northern mountainous province of the same name on December 22.

Da Nang’s Department of Construction has announced four commercial housing projects which can be sold to foreigners in the central city.

VOV.VN - Several foreign enterprises have recently poured investment capital into social housing projects in Vietnam, according to insiders.

The Vietnamese Government welcomes investment from the Republic of Korea (RoK) in affordable housing projects for low-income earners in Vietnam, Deputy Prime Minister Tran Luu Quang affirmed.

The Ministry of Construction (MoC) has been demanded to coordinate with other ministries and sectors to minimise processes and procedures for implementing social housing projects.

Prime Minister Pham Minh Chinh has emphasised the need to diversify resources for social housing development, from the State, the public, society and financial institutions, in order to provide support for both sellers and buyers.

The real estate market has witnessed positive developments, with a slew of projects, including billion-dollar projects, being announced and called for investment in the first quarter of 2024.

The Hoa Binh Construction Group announced on February 19 that it has won bidding packages to develop five social housing projects worth US$72 million in Kenya.