Fierce public objections about its proposal to impose value-added tax (VAT) on the transfer of land-use rights have forced the Ministry of Finance to shelve the move.
Deputy Minister of Construction Lê Quang Hùng said 2017 has been a breakthrough year for the construction industry as it has met or surpassed almost all development targets.
The capital city of Hà Nội is planning to develop housing area covering 11 million sq.m in 2018, according to the municipal Department of Construction.
The Association of Real Estate Brokers has opened a representative office in the northern province of Thanh Hoá.
Prime Minister Nguyễn Xuân Phúc yesterday required the State Bank of Việt Nam (SBV) to enhance inspection and supervision to ensure the safety of the banking system and increase the confidence of people in the system in 2018.
Many banks have reportedly gained high profit last year, helped by strong credit growth and initial gains in the settlement of bad debt.
Việt Nam witnessed positive development in the real estate market in 2017 with increased transactions of apartments and reduction in real estate inventory.
The property market will continue to grow this year, the HCM City Real Estate Association (HoREA) predicts.
Higher-than-target economic growth in 2017 was fuelling investor confidence in the Vietnamse economy in 2018 which would bring a lot investment opportunities, experts said at conference held on Friday in Thanh Hóa Province.
In a Đà Nẵng plot that has thickened steadily over the last several years, police are seeking a 42-year-old real estate tycoon, Phan Văn Anh Vũ, for criminal charges of “revealing State secrets.”