Business » Real estate
Prime future lays ahead for luxury residential market

As Vietnam’s affluent class continues to grows and demand is on the rise, there continues to be an increasing market for luxury residential products, according to a property analyst.

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Market transparency key to stable real estate development

Experts have said improving the transparency of the real estate market is critical to prevent inflated prices and ensure stable development.

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High-end apartment prices still lower than regional peers

Prices still affordable by regional comparison despite higher growth.

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Danang land speculation spikes after factory relocation

Land prices in Hoa Vang District in Danang City are rising sharply following news abourt the relocation of two polluting steel plants in the area.

 >>  Danang foreign-invested steel projects reveal flaws
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HCM City tackles property speculation

HCM City People's Committee has asked the police to find real estate investors who are spreading false information and responsible for overly-high property prices in the city.

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Online property platforms taking off

More people have taken a liking to online real estate platforms and one new startup is keen to become a dominant player.

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New house tax faces opposition

A General Statistics Office of Vietnam economist Bui Trinh has opposed the Ministry of Finance's proposal to impose a tax on houses valued from VND700m (USD30,700).

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Vietnam had 12,327 people with USD3 million to below USD30 million in net assets by the end of 2018, up 23% over the past five years and the figure is projected to reach 15,776 people by 2023.

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Many banks have seen their service earnings accelerate, buoyed by increasing investment for the business segment and rising market demands.

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Vietnam has set a target to restrain inflation at below 4% in 2019, however, there may be challenges.

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Vietnam’s public debt in 2018 was estimated to account for less than 61% of national GDP, according to an official from the Ministry of Finance.

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Local banks have increasingly sought cross-border borrowings in recent years after being pressured to raise capital for lending.

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HCM City Taxation Department have found it difficult to collect taxes from online businesses, said a local official.

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