The residential sector is experiencing a rebound; improved legal frameworks and a significant surge in FDI inflows into the real estate industry are positive trends for the Vietnamese property market this year and looking ahead to 2025.
The Ministry of Natural Resources and Environment's Circular 20, effective from January 1, 2025, officially repeals several circulars related to the issuance of red books under the authority of the Minister of Natural Resources and Environment.
As of November 2024, Hanoi had garnered an impressive VND 18,599 billion from land-use right auctions within its jurisdiction, averaging nearly VND 10,000 billion per year.