Foreign investment are continuously poured into the real estate market in southern localities, resulting in the emergence of a series of new property projects in the past eight months.

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 State Bank of Vietnam should introduce special credit support packages for real estate projects that are feasible and making good progress, said Prime Minister Pham Minh Chinh.

Businesses, particularly property developers, are under pressure to sell off assets and real estate projects to settle their debts, including bond repayments and bank loans.

The State Bank of Vietnam (SBV) and the banking system always create favourable conditions to support real estate businesses and the property market to develop strongly and sustainably, said Pham Chi Quang, Director of the SBV’s Monetary Policy Department.

Property developer FLC Group has said this year, it plans to launch nearly 20 real estate projects on its strategic segments of resort and urban area.

There is a trend of real estate developers moving their investments from big cities of Hanoi and Ho Chi Minh City to other localities, experts have said.

Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong has held a meeting with the heads of various government departments to discuss how to rescue real estate projects that have been delayed due to various difficulties.

The Ministry of Natural Resources and Environment (MoNRE) has sent a document to local departments to regulate the use and certification of non-residential real estate projects.

The Supreme People's Procuracy has prosecuted 21 people involved in the high-profile corruption case relating to Phan Van Anh Vu (also known as Vu Nhom), the agency said on October 18.

The real estate market in Long Thanh district in southern Dong Nai province, site of the proposed new airport, has entered an upward spiral following the National Assembly Standing Committee's passage of a resolution to dissolve and alter the administrative boundaries of six communes on May 29.

Experts, scientists and architects agreed that a construction boom along the Han River in Da Nang city over past decade had impacted on the river flow, erosion and floods, and could result in environmental tragedy in the future.

TMS Group will organise a series of investment promotion events in Japan at the beginning of April to look for potential partners in the fields of real estate, health and high-tech agriculture.

The flow of foreign direct investment (FDI) into real estate in Ho Chi Minh City has followed the same trend as with the FDI movement into the country, with the property sector always among the top FDI recipients in recent years.

Since the Investment Law took effect in July 2015, Vietnam’s FDI inflows, and the real estate sector in particular, have significantly increased in terms of merger and acquisition (M&A) activities.

With Vietnam set for rapid urbanisation, sustainable development is an urgent task for the property sector, a seminar heard in HCM City on July 19.

Hanoi’s Construction Department has set up an inspection team to review apartment buildings and impose fines for violations in their use and management.

The country’s cement surplus this year could be 30 million tonnes and reach 35 million tonnes by 2020 if Vietnam does not export cement.

A National Assembly resolution on non-performing loans will take effect on August 15 with lawmakers hopeful it will help resolve much of the remaining bad debts held by commercial banks and real estate projects across the nation.

InterContinental Hotels Group (IHG) will be in charge of managing the first hotel with brand Holiday Inn & Suites Saigon Airport in HCM City.