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In the preliminary trial session of the Ho Chi Minh City People's Court, regarding the misconduct at the Van Thinh Phat Group, Saigon Commercial Joint Stock Bank (SCB), and related entities, the panel of judges interrogated Ms. Truong My Lan (former Chairman of Van Thinh Phat Group) about the asset resolution plan to mitigate the consequences of the case.

Last year, the real estate investment community was abuzz with news of a mysterious tycoon selling a set of 5 luxury villas for 660 billion dong in this neighborhood.

Experts believe that in general, a proposal to only allow individuals to sell or rent a maximum of 5 houses per year will have a positive impact on the real estate market, limiting the practice of "flipping" houses. However, there is a need for stricter regulations with a wider scope.

Lam Dong Department of Construction proposed the Bao Lam District People's Committee to review and handle responsibilities of those involved in 22 villas built on a hill in Loc Thanh commune.

Despite multiple complaints and requests from the local government's inspection team to cease rental activities and not meeting fire safety requirements, the developer of two buildings in the residential project in Hoan Son commune, Tien Du district, continues to publicly advertise the rental of serviced apartments.

In addition to building strong physical infrastructure, Ho Chi Minh City needs to strengthen its soft connections with other provinces in the region in order to promote economic development. This includes prioritizing the training of skilled workforce and ensuring access to quality healthcare.