Banks cut home loan interest rates Interest rates of home loans at commercial banks have tended to reduce significantly since the second half of July 2020 due to low capital demands from business and production.

Ministry of Construction eyes building low-cost housing

The Ministry of Construction (MoC) is completing a draft resolution to encourage the development of low-cost commercial apartments to submit to the Government in the third quarter of this year.

Foreign company proposes to be allowed to buy social housing units for workers

Hon Hai Technology Group (Foxconn) has proposed the Government to allow enterprises in industrial zones (IZs) to purchase or lease-purchase social housing units for their workers.

HCM City to develop hi-rises along metro line

HCM City plans to stop construction of high-rise apartment buildings in downtown areas and focus instead on building such residential complexes along the first metro route in the eastern part of the city comprising districts 2, 9 and Thủ Đức.

Domestic property market faces uncertainty

The domestic real estate market is hoped to have growth in the fourth quarter of this year and before the Lunar New Year 2021 if, by this year-end, the domestic economy is restored to levels from before the COVID-19 pandemic.

More than 20 localities have low birth rate: MoH

Việt Nam’s economic engine HCM City has the country’s lowest fertility rate of 1.53, according to the Ministry of Health’s latest report in June. 

State to encourage construction of cheap apartments

The State will employ policies to encourage the development of cheap commercial houses to remove difficulties for the real estate market and enterprises due to the COVID-19 pandemic.

Central bank eyes tightening non-bank credit in corporate bonds, property The State Bank of Việt Nam is looking to tighten credit in corporate bonds and the real estate sector provided by non-bank financial institutions with an aim to ensure the safety of the system.

Government begins reviewing socio-economic development in May

Cabinet members have begun reviewing the national socio-economic situation in May – the first month after the social distancing measures were lifted and the economy entered the “new normal” period

Expats on love, marriage and children

Marriage and children have been hot topics in Việt Nam of late, thanks to the Government’s announcement that it wants people to marry before 30 and have two kids before 35, with tax breaks and other policies on offer to encourage procreation.