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An epidemic Vietnam has no cure for: real estate fevers - VnExpress International


An epidemic Vietnam has no cure for: real estate fevers
By Ngoc Thuy   April 27, 2021 | 12:15 pm GMT+7
For many people, including yours truly, Vietnam’s real estate fevers have killed the dream of owning a home.
Ngoc Thuy
I intended to buy a land plot and build a house 10 years ago. Thanks to an acquaintance, I was able to acquire a 55-square-meter plot in the HCMC s outskirt district of Nha Be. The transaction took place during a land fever outbreak and therefore, I rushed to close the deal via an intermediary.
The cost for the plot was VND7-8 million ($305-350 as per current exchange ratio) per square meter and I made a deal with the broker on a handwritten paper without getting it notarized. ....

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Phu Quoc Island granted 'island city' status


Phu Quoc Island granted ‘island city’ status
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 09/01/2021
  
15:48
GMT+7
The Mekong Delta province of Kien Giang has officially announced that Phu Quoc Island will become the country’s first island city.
Phu Quoc becomes the country s first island city (Photo: VNA)
Speaking at a ceremony held on January 8 to announce the establishment of Phu Quoc city, Deputy Prime Minister Truong Hoa Binh said Phu Quoc has experienced tremendous economic and social growth and urbanisation, especially in recent years.
The establishment of Phu Quoc city will play an important role in the province’s socio-economic development and in asserting the country’s sovereignty over its waters and islands. ....

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