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 HCM City administration should think twice about urbanising its outlying districts since that would only benefit property developers and not residents, experts said.
Vinhomes JSC was honoured as one of the top 10 property developers in Viet Nam at the recent BCI Asia Awards ceremony for 2020-21, the 7th straight time this company has secured the prize.
The HCM City Department of Natural Resources and Environment plans to review the progress of high-end property projects and fine or even withdraw the licences of those found violating regulations.
Tardy collection of land-use fees from property developers in HCM City has affected the government’s revenues and d many obstacles for them in turn, a forum heard on Thursday.
The property industry is among the worst-hit sectors during the pandemic as social distancing measures have disrupted sale activities and postponed the construction.
The challenges that property developers face in HCM City were discussed at a meeting between the People’s Committee, relevant departments and developers last week.
Amid the fourth industrial revolution many property developers in Viet Nam are seeking to adopt digital technology both for enterprise management and in their projects.
Viet Nam’s 10 architectural firms and property developers were honoured at the 2019 BCI Asia Awards given by Asia’s leading construction solution provider BCI in HCM City last week.
Many property developers in HCM City are moving to neighbouring provinces and cities and even as far away as the central region as city authorities are issuing fewer licences and legal procedures elsewhere are simpler.