The Ministry of Construction has proposed short- and long-term measures to ease the difficulties facing the country’s real estate market, with social housing development to drive the market forward.
The slowdown in 2019 and the arrival of the COVID-19 pandemic in the opening months of 2020 saw Vietnam’s property market hit “double trouble”, but experts have said the possibility of a quick recovery remains, especially as the outbreak has been largely brought under control in the country.
Social housing could be the solution to driving the real estate market out of this difficult time caused by the COVID-19 pandemic, according to the Ministry of Construction.
Condotel owners are finally set to get titles to their properties with the government issuing guidelines to local authorities for the purpose.
While there are few, if any, signs of the real estate bubble bursting in 2020, the Ministry of Construction said that land prices could increase in some areas.
An enterprise or the State agency should be responsible for the management of apartment buildings and the building’s maintenance fund with the participation of representatives including residents, investors and local management agencies, said Dong Minh Son from Hanoi Construction Association.
The Ministry of Construction (MoC) has just released its first quarterly report on the domestic real estate market.
As conflicts between high-rise apartment developers and their residents increase, some developers are struggling to improve their professionalism in building management.
Vietnam’s construction sector is enhancing cooperation with international partners to help promote green growth.
The Ministry of Construction, in coordination with the Korea Land and Housing Corporation held a seminar in Hanoi on February 21 to discuss the building of general social housing policies in Vietnam for the 2021-2030 period.
VOV.VN - A string of real estate projects will undergo inquests during 2019 in accordance with an annual inspection scheme recently approved by the Ministry of Construction.
Da Nang has launched a campaign to call on the community to ‘Say No’ to single-use plastic products to deal with pollution and waste treatment costs.
Housing prices in Vietnam lack stability and are inflated beyond most citizens’ ability to afford them, according to the Ministry of Construction’s report submitted to the 14th National Assembly.
Ho Chi Minh City’s Department of Natural Resources and Environment has submitted a proposal to the municipal People’s Committee on seeking domestic and foreign investors for a waste-to-power project.
Unbaked construction materials are targeted to account for 30-40% of all materials used for building by 2020, according to a circular that has been approved by the Government.
Although Vietnam allows expats to own houses in the country, many of them are finding it challenging to obtain title documents.
The Government has issued a resolution assigning major tasks for ministries and local authorities and asking them to identify solutions to obstacles relating to policies and investment schemes in the construction sector.
Around 3 million workers will have demand for housing by 2020, according to reports by 46 out of 63 provinces and cities.
The Ministry of Construction has cut or simplified 85% out of the 215 business and investment conditions, and eliminated five among the 17 conditional business lines.
VOV.VN - Vietnam will have at least three smart cities by 2020 and some 30 cities in the country are now in the process of developing into smart cities, according to the Ministry of Construction.