HCMC – Daewon-Thuduc Housing Development JSC has been given an investment certificate to develop a tourism property project in Long Hai Town in the southern coast province of Ba Ria-Vung Tau after waiting nearly two years for site clearance and other procedures. Nguyen Huu Tam, company deputy general director, says the Cantavil-Long Hai Resort will require US$20 million for development, including... 

The relationship between Germany and Vietnam has been constantly developed in various fields, especially investment cooperation and development aid. Nearly 200 Germany businesses are operating in Vietnam’s key fields, ranging from infrastructure, transports and communications to recycling energy to processing and banking. Germany now ranks 22 nd among 90 countries and territories investing in Vietnam... 

The consumer price index (CPI) for March 2010 is predicted to rise above last March’s figure due to unfavourable factors, according to market management experts. At a recent meeting in Hanoi, the experts attributed the increase to the government’s recent decisions to raise petrol and electricity prices, the growing trend of price hikes for imported materials, and the depreciation of the Vietnamese... 

The government is issuing detailed guidelines for overseas Vietnamese to buy accommodation in Vietnam. According to the Ministry of Construction (MoC) a regulation is being drafted to replace Decree 90/ND-CP issued since in 2008 which was considered “not clear enough”. Decree 90/ND-CP, according to Nguyen Manh Khoi, deputy chief of Housing Management Division of the MoC’s Real Estate and Housing... 

Real estate developers are moving beyond beach resorts to build second homes in mountainous and suburban areas. Most second home projects for sale to date have been developed in the coastal areas of Danang, Hoi An, Phan Thiet and Vung Tau. However, developers are now looking to areas surrounding Hanoi and Ho Chi Minh City or other tourism destinations to provide weekend retreats. Ninh Van Bay Travel...