1,200 apartments in two projects in Hanoi open for purchase by foreign nationals

09:01 | 13/12/2024 Society Follow Ven.vn on

Hanoi’s authorities have granted approval for more than 1,200 apartments in two prominent residential projects, Lumi Hanoi and Heritage West Lake, to be sold to foreign buyers.

CGI simulation of the Lumi Hanoi project (Photo courtesy of Lumi Hanoi)

This decision is part of the city's continued efforts to attract international investment in its real estate market.

The Department of Construction is allowing 1,181 apartments in nine residential towers developed by Anh Sao Trading and Business Development Co., Ltd. and CapitaLand. These apartments are part of the Lumi Hanoi project, located within the Vinhomes Smart City complex in Tay Mo, Nam Tu Liem District. Lumi Hanoi features a total of 3,950 apartments, with nearly 30% of them now eligible for sale to foreign nationals.

An additional 51 apartments have been approved for sale to foreign buyers are from the Heritage West Lake project in Tay Ho district, popular with foreigners. Developed by Singapore-based CapitaLand, this mixed-use complex offers a limited number of units to foreign purchasers, comprising 29.5% of the total apartments in the building.

This follows a similar approval in October, when five residential projects in Hanoi were also opened for sale to foreign buyers. Among them were three buildings in the Imperia Smart City development in Vinhomes Smart City, including towers Z38M.1, Z38.1, and U39.1 in land plots F2-F4-CH04. Two other towers, Z38M.1 and Z38.1 in land plots F2-F4-CH05, were also greenlit. These projects are spearheaded by HBI Joint Stock Company.

Additionally, the Masteri West Heights project, located in Vinhomes Smart City and developed by SV West Hanoi Real Estate Development Joint Stock Company, includes towers U35.1, U35.2, and U35.3 in land plot F2-CH01, which are now eligible for foreign ownership. The Matrix One, a development by Mai Linh Investment Corporation, has also received approval for Tower HH2-1A to be sold to foreign buyers.

In Thanh Xuan district, the Viha Complex, a mixed-use housing project at 107 Nguyen Tuan, jointly developed by Xuan Loc Tho Co., Ltd. and Thong Nhat Printing and Trading Joint Stock Company, has similarly been approved for foreign ownership.

According to data from the Ministry of Construction, between 2015 and the third quarter of 2023, over 3,000 foreigners bought homes in Vietnam, with more than 50% of these properties located in Hanoi (approximately 1,765 units). The majority of foreign buyers hail from China, the Republic of Korea, Singapore, the United States, Australia, Japan and Malaysia. In the first half of this year alone, over 1,000 apartments in Hanoi were sold to foreign nationals./.

Source: VNA

See more news

HCM City needs over 40 million USD for seven railway lines by 2035

09:00 | 12/12/2024 Society

Ho Chi Minh City will need about 40.21 billion USD for constructing seven urban railway lines with a total length of about 355km by 2035, its Transport Department said.

Requirements for foreign drivers, vehicles operating in Vietnam

11:34 | 11/12/2024 Society

The Government has issued a Decree detailing provisions for the enforcement of the Law on Road Traffic Order and Safety, including conditions under which foreign motor vehicles and drivers may operate in Vietnam.

Ninh Thuan agrees with, places high expectations on nuclear power project: Official

16:22 | 09/12/2024 Society

Ninh Thuan - The Party organisation, administration, and people of Ninh Thuan province have high consensus and expectations on the nuclear power project which will be restarted in the south-central province after the 15th National Assembly (NA) approved the policy at its recent 8th session, according to Chairman of the provincial People’s Committee Tran Quoc Nam.

Clean energy vehicles to have their own rego stamps from 2025

15:58 | 09/12/2024 Society

(VEN) - According to Circular 53/2024 of the Ministry of Transport, motor vehicles running on clean, green, and environmentally-friendly energy will have a distinct color for their rego stamps.

Power sector must not let electricity shortage happen as the country aspires for double-digit growth

16:46 | 08/12/2024 Society

The 500kV transmission line spans a total length of 519km, comprising 1,177 towers, with a total investment of over VNĐ22.3 trillion (approx. US$878 million) and plays a vital role in ensuring stable power systems and enhancing electricity supply for northern Việt Nam in 2024 and beyond.

The VinFuture 2024 Grand Prize honours 5 scientists for transformational contributions to the advancement of deep learning

17:15 | 07/12/2024 Society

HÀ NỘI — The VinFuture Foundation honoured four scientific breakthroughs in 2024 at a ceremony in Hà Nội on December 6.

With strong commitment and substantial investment, Việt Nam can end AIDS by 2030

15:50 | 06/12/2024 Society

To end AIDS by 2030, Việt Nam must focus on high-impact interventions and significantly scale up programme coverage from current levels.

Mang Den Airport construction plan proposed

14:26 | 06/12/2024 Society

(VEN) - Mang Den Airport in the Central Highlands province of Kon Tum is expected to be built with the first-phase investment of nearly VND5 trillion through a Public-Private Partnership (PPP).

US to provide 12.5 million USD to support Vietnam in combating IUU fishing

10:15 | 06/12/2024 Society

Kien Giang – US Ambassador to Vietnam Marc E. Knapper on December 5 announced a new 12.5 million USD foreign assistance package to Vietnam, during a meeting with Deputy Minister of Agriculture and Rural Development Phung Duc Tien at the Department of Fisheries Surveillance (DFIRES) Training Facility, Region 5 in Phu Quoc city, the southern province of Kien Giang.

Hà Nội to add over 15,500 affordable housing units by 2025

09:53 | 06/12/2024 Society

HÀ NỘI — Hà Nội is set to see significant growth in affordable housing, with plans to complete 19 social housing projects by the end of 2025, delivering approximately 15,540 units.

Latest Most Read

Steering Committee for operation of Long Thanh Airport established

17:25 | 15/12/2024 Society

Deputy PM receives Cuban Minister of Agriculture

17:02 | 15/12/2024 Cooperation

Vietnam is fully committed to, together with Cuba, lead the two countries' traditional friendship to overcome challenges and difficulties, Deputy Prime Minister and Foreign Minister Bui Thanh Son told Cuban Minister of Agriculture Ydael Jesus Pezez Brito at their meeting in Hanoi on December 14.

Party chief pays tribute to President Ho Chi Minh at House 67

16:58 | 15/12/2024 News and Events

Party General Secretary To Lam paid his respect to President Ho Chi Minh at House 67 in the President Ho Chi Minh Relic Site inside the Presidential Palace in Hanoi on December 15 morning on the occasion of 70 years since the late leader lived and worked at the Palace.

Cao Bang promotes UNESCO-recognised global geopark

13:11 | 15/12/2024 Tourism

The northern mountainous province of Cao Bang has made significant efforts to preserve the heritage values of its Non nuoc Cao Bang UNESCO Global Geopark, aiming to foster sustainable tourism development.

Hue has rich potential for green, digital economic development

13:07 | 15/12/2024 Culture

Hue holds significant advantages in leveraging its heritage as a foundation for green and digital economic growth.

Multimedia

Video Longform Infographic Photo

Hanoi achieves or exceeds 23/24 socio-economic targets for 2024

08:57 | 13/12/2024 Infographic

Hanoi achieves rather comprehensive results in its socio-economic development in 2024, with 23/24 targets completed or exceeded.

Quang Trach – Pho Noi 500kV circuit-3 power transmission line: Miracle in infrastructure development

09:05 | 12/12/2024 Infographic

Quang Trach – Pho Noi 500kV circuit-3 power transmission line is a key project with a total investment of nearly 880 million USD. Spanning 9 provinces, the 519-km power transmission line plays an important role in enhancing the operational stability for the electricity supply system in the north in 2024 and following years, contributing to ensuring the national energy security.

Foreign tourists to Vietnam up 41% in January-November

09:11 | 11/12/2024 Infographic

In the first 11 months of 2024, Vietnam welcomed more than 15.8 million international visitors, up 41% over the same period last year. Visitors by continent included: Asia (12.61 million), Europe (1.78 million), and America (0.91 million), among others.

16 intangible cultural heritage elements recognised by UNESCO

10:06 | 06/12/2024 Infographic

The Ba Chua Xu (Holy Mother of the Realm) Festival at Sam mountain in the Mekong Delta province of An Giang was officially recognised by UNESCO as intangible cultural heritage of humanity at the 19th session of the Intergovernmental Committee for the Safeguarding of the Intangible Cultural Heritage in Paraguay on December 4. With this recognition, the festival has become the 16th intangible cultural heritage element of Vietnam recognised by UNESCO.

Vietnam-Japan Comprehensive Strategic Partnership for Peace and Prosperity in Asia and the World

08:49 | 04/12/2024 Infographic

National Assembly Chairman Tran Thanh Man and his spouse are paying an official visit to Japan from December 3-7. The visit is expected to promote the two countries' legislative ties in a practical and sustainable manner, thus concretising the comprehensive strategic partnership across spheres.

Policy

PM urges combating group interest during apparatus restructuring

10:47 | 13/12/2024 Policy

Prime Minister Pham Minh Chinh on December 12 highlighted the need to counteract group interests and personal gains during the restructuring process of the organisational apparatus, and develop appropriate policies to safeguard officials and public servants’ legitimate rights and interests.

Vietnam viewed as a priority in India's Act East policy

15:20 | 12/12/2024 Policy

The Secretary (East) at the Indian Ministry of External Affairs has highlighted Vietnam as one of the first countries with which India has engaged in a multi-dimensional manner as part of the South Asian nation’s Act East policy.

Australia shows interest in Việt Nam's vision of a 'rising era'

16:54 | 08/12/2024 Policy

Việt Nam and Australia shared a vision of a peaceful, stable, and prosperous region and the relationship between Việt Nam and Australia have been growing fruitfully in all sectors.

Plan to streamline Government's organisational apparatus finalised

09:38 | 06/12/2024 Policy

According to Minister of Home Affairs Phạm Thị Thanh Trà, the government's restructuring extends beyond ministerial consolidation, and the number of units under ministries and ministerial-level organisations will be cut by 15-20 per cent

Industry & Trade

Garment industry urged to gain self-sufficiency in raw materials for UK expansion

15:23 | 13/12/2024 Industry

Vietnam’s garment and textile industry needs to develop a closed-loop supply chain with a focus on obtaining self-sufficiency in raw materials in order to meet the rules of origin under the UK – Vietnam Free Trade Agreement (UKVFTA) for expanding exports to this market.

Vietnam’s industrial production rises by 8.4% in 11 months

16:29 | 09/12/2024 Industry

Hanoi – Vietnam's index of industrial production (IIP) in the January – November period rose 8.4% from the same period last year, reported the General Statistics Office (GSO).

Việt Nam needs a competitive energy market: experts

16:59 | 08/12/2024 Energy

Economists, industry experts and policymakers at the event highlighted several critical challenges facing the country’s energy sector and the urgent need for strategic reforms.

Việt Nam resumes nuclear power project amid rising energy demands

17:07 | 07/12/2024 Energy

Vietnamese law-markers have approved the plan to resume the nuclear power project in the south – central province of Ninh Thuận after eight years of pause in an effort to ensure energy security while meeting Net Zero goal.

Investment

FDI remains vital contributor to boost economic growth

09:06 | 13/12/2024 Investment

Foreign direct investment (FDI) remains one of the most vital drivers of national economic growth, recording remarkable results in 2024.

Total investment for Bien Hoa - Vung Tau expressway project to increase by VND6.3 trillion

14:54 | 12/12/2024 Investment

(VEN) - The total investment of Bien Hoa - Vung Tau expressway project is expected to increase by nearly VND6.3 trillion compared to the initial estimate approved by the National Assembly.

HCM City lays out plans for sound business climate with Japanese firms

16:50 | 11/12/2024 Investment

Ho Chi Minh City pledges to develop an equal and transparent business climate for foreign firms, including those from Japan, to aid in business development plans in the southern economic hub, Vice Chairman of the municipal People’s Committee Vo Van Hoan said on December 9.

Hai Phong – a bright spot in attracting foreign investment

09:47 | 09/12/2024 Investment

With its advantageous geographical location, convenient transport connections, attractive investment environment, and consistent stance that the development of businesses is the development of the city, Hai Phong has witnessed a strong rise to become a bright spot in attracting foreign direct investment (FDI).

Finance-Banking

Deputy PM urges extra efforts to remove Vietnam from money laundering grey list

15:16 | 13/12/2024 Finance-Banking

Deputy Prime Minister Ho Duc Phoc on December 12 urged ministries and sectors to do their utmost to implement the Financial Action Task Force (FATF)’s 17 recommendations to lift Vietnam out of its list of Jurisdictions under Increased Monitoring (grey list) related to money laundering.

Realty stocks see signs of recovery

15:07 | 10/12/2024 Finance-Banking

The Vietnamese real estate market is signalling the end of a prolonged downturn, with notable signs of recovery in profitability. However the pace of revival remains measured, due to sluggish sales and limited improvements in consumer incomes.

Finance ministry to use AI in stock market surveillance

09:18 | 08/12/2024 Finance-Banking

The Ministry of Finance announced on Friday that it is researching using artificial intelligence (AI) tools to monitor transactions in the stock market.

Year-end profits put heavy pressure on banks

15:12 | 06/12/2024 Finance-Banking

(VEN) - As of the third quarter of 2024, only 11 out of 27 commercial banks have completed 75 percent or more of their pre-tax profit plans. Therefore, the year-end profit target is a huge pressure weighing heavily on their shoulders.

Environment

French agency ready to support Ninh Thuan in climate adaptation project

11:38 | 14/12/2024 Environment

The French Development Agency (AFD) has expressed its readiness to assist the south-central province of Ninh Thuan in preparing necessary conditions for the early implementation of a project aimed at addressing drought, erosion, and flooding, and climate change adaptation.

Bac Ninh closely monitors environmental protection at local craft villages

08:59 | 11/12/2024 Environment

(VEN) - Environmental pollution in some craft villages in the northern province of Bac Ninh has long become a “hot” issue. One typical example is the case of Phong Khe paper production village in Bac Ninh City.

Steel, thermal power enterprises participate in training course on ETS and carbon market

15:01 | 10/12/2024 Environment

From December 9-10, in Hanoi, 60 enterprises in the North participated in a training course on the Emission Trading System (ETS) and carbon market using the CarbonSim simulation tool.

Seeking capital for green transformation remains tough

16:52 | 05/12/2024 Environment

(VEN) - Shifting to green economy has become the goal of many countries and businesses around the world, including Vietnam. However, capital for green transition is still a difficult problem for the Vietnamese business community.

Science - Technology

NVIDIA deal – catalyst for Vietnam’s tech growth: investment site

09:48 | 13/12/2024 Science - Technology

Vietnam’s partnership with US tech giant NVIDIA has reflected the Southeast Asia country’s proactive technology development strategy as well as its significant economic potential, according to Vietnam-briefing.com, an investment site of legal tax and operational advisory provider Dezan Shira & Associate.

Vietnam among pioneers in responsible technology development: Singaporean site

15:23 | 10/12/2024 Science - Technology

In an era where Artificial Intelligence (AI) is advancing at a rapid pace, Vietnam is taking steps to ensure that its AI development is ethical and socially responsible, according to an article recently published on Singaporean site opengovasia.com.

NVIDIA to build AI research and data centres in VN

08:50 | 06/12/2024 Science - Technology

An agreement to develop two centres dedicated to artificial intelligence (AI) studies was signed between the Vietnamese Government and the American technology company NVIDIA.

VinFuture Sci-Tech Week starts in Hà Nội

16:53 | 05/12/2024 Science - Technology

VinFuture Foundation organised the 'Science for Life' symposia on December 4, opening the VinFuture Sci-Tech Week and Award Ceremony series in Hà Nội.

Society

Steering Committee for operation of Long Thanh Airport established

17:25 | 15/12/2024 Society

Vietnam needs 14 billion USD to develop EV charging stations

16:46 | 14/12/2024 Society

To build a green transport system, Vietnam will need nearly 14 billion USD to develop a network of charging stations, said insiders.

Nearly VND8.3 trillion Thuong Cat Bridge construction project approved

15:08 | 13/12/2024 Society

(VEN) - On December 12^th, Vice Chairman of the Hanoi People’s Committee Duong Duc Tuan signed a decision approving the plan and location of Thuong Cat Bridge project.

Hanoi plans to build nearly 600km of urban railway by 2045

10:51 | 13/12/2024 Society

Hanoi has approved the development of a comprehensive plan to invest in the capital’s urban railway system, with the goal of constructing more than 600 kilometres of rail by 2045.

Vietnamese Brands

Hanoi promotes key industrial products

12:57 | 15/12/2024 Vietnamese Brands

Thirty-six products from 25 businesses were selected and recognised as Hanoi’s key industrial products for 2024.

Building a strong brand for Ha Giang’s thick-skinned orange

14:31 | 12/12/2024 Vietnamese Brands

(VEN) - With high nutritional value good for health, the thick-skinned orange has become well-known as a specialty of Ha Giang Province.

2024 Vietnam Business Day opens shop in Japan

14:49 | 04/12/2024 Vietnamese Brands

The Vietnam Business Association in Japan (VJBA) on December 3 held the 2024 Vietnam Business Day with the theme “Shared Vision, Shared Success".

Việt Nam's OCOP products debut at AF-L'ARTIGIANO IN FIERA 2024 in Milan

14:55 | 02/12/2024 Vietnamese Brands

Under the theme 'Việt Nam’s OCOP Products: Gathering Values, Spreading Culture', Việt Nam’s pavilion spans 200 square metres.

Culture

Hue has rich potential for green, digital economic development

13:07 | 15/12/2024 Culture

Hue holds significant advantages in leveraging its heritage as a foundation for green and digital economic growth.

Kinh Bac Art 3 contemporary painting exhibition opens

13:14 | 08/12/2024 Culture

(VEN) - On the afternoon of December 7, the Kinh Bac Art 3 contemporary painting exhibition was opened at the Appraisal and Exhibition Center of Art and Photography, 29 Hang Bai Street, Hoan Kiem District, Hanoi.

Exhibition on royal culture of Huế opens

14:45 | 04/12/2024 Culture

A special exhibition featuring the history and development of Huế Citadel has opened at the Museum of Hồ Chí Minh City.

Vietnamese artisans bring unique handicrafts to Milan

11:35 | 03/12/2024 Culture

Vietnamese firms are making their mark at the 28th Artigiano International Handicrafts Fair in Milan, the capital of Lombardy - Italy's largest economic and cultural hub, from November 30 - December 8.

Tourism

Cao Bang promotes UNESCO-recognised global geopark

13:11 | 15/12/2024 Tourism

International visitors praise Phu Quoc as “beyond expectations”

14:05 | 09/12/2024 Tourism

According to top travel agencies, airlines, and leading online travel platforms, Phu Quoc offers world-class tourism products, leaving international visitors amazed every time they return.

Leading global tourism enterprises hail Phu Quoc as "Hawaii of the East"

09:20 | 09/12/2024 Tourism

Over 70 representatives from leading global airlines, travel agencies, and online travel platforms gathered in Phu Quoc for the famtrip program “Journey to Your True Paradise.” This significant event highlighted Phu Quoc’s potential, with participants unanimously recognizing the island as a “Hawaii of the East.”

Vietnam among top five favorite destinations for US tourists

21:08 | 08/12/2024 Tourism

(VEN) - In the first 11 months of 2024, the US is in the list of Vietnam's leading source of tourists with more than 706,000 visitors.

1,200 apartments in two projects in Hanoi open for purchase by foreign nationals

See also

See more news

Multimedia