Vietnam 

MoC plans to release quarterly reports on property market – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    The Ministry of Construction (MoC) will release quarterly report on the domestic real estate market. Photo baodautu.vn HÀ NỘI – The Ministry of Construction (MoC) plans to start releasing quarterly reports on the domestic real estate market to increase transparency, Minister of Construction Phạm Hồng Hà said in a ministry meeting late last week. The quarterly report is a basis for building a database on housing and local property market because information about those factors is unclear, according to Hà. The ministry will follow the local market and implement a…

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Vietnam 

MoC: rules for condotels, officetels coming this year – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Ministry of Construction will complete standards and regulations relating to condotel and officetel this year. – Photo dantri.com.vn     HÀ NỘI – Minister of Construction Phạm Hồng Hà said at the Tuesday meeting of the National Assembly that his ministry and the Ministry of Natural Resources would complete regulations relating to condotel and officetel this year. In response to delegate Lý Thiết Hạnh, Minister Hà said the Ministry of Construction (MoC) was responsible for revising standards and regulations relating to condotels…

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Vietnam 

Vinamik offers to purchase GTN shares for Mộc Châu Milk – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI – Việt Nam Dairy Products Joint Stock Company (Vinamilk) has offered to purchase more than 116 million shares of GTNFoods Joint Stock Company (GTN) as GTN indirectly holds shares in Mộc Châu Milk. According to the document sent to the State Securities Commission on the purchase, Vinamilk has offered to buy a maximum of 46.68 per cent of GTN shares, or 116.71 million shares, with a price of VNĐ13,000 per share. Vinamilk estimates to spend about VNĐ1.5 trillion (US$64.5 million) on the deal.…

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Vietnam 

HCM City – Mộc Bài Highway pre-feasibility study done – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Project management unit number 2 (PMU2) has urged the Ministry of Transport to approve a pre-feasibility study it has done for the HCM City – Mộc Bài Expressway.— Photo saigondautu.com.vn HCM CITY — Project management unit number 2 (PMU2) has urged the Ministry of Transport to approve a pre-feasibility study it has done for the HCM City – Mộc Bài Expressway. The 53.5km highway will run from Hóc Môn District in the city to a point on…

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Vietnam 

Speculators inflate housing prices: MoC – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Housing prices in Việt Nam 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. “Housing prices do not reflect the true value of property and far exceed affordability for a majority of citizens,” the report wrote. “Real estate speculators still take advantage of information related to urban planning, infrastructure development and urban expansion to push up housing prices to gain illicit profits and destabilise the…

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