Tag: foreign investor ownership

Property owners whose land is reclaimed for the purpose of redeveloping a specific urban area (projects intended for residential use) are eligible for on-site resettlement arrangements. Additionally, those affected by the land reclamation benefit from support policies, including progress incentives for timely land handover as per regulations.

The city of Hai Phong has granted a 24-month extension for land use to Saigon Garment and Match Joint Stock Company, the investor behind the project to replace the historic Sắt Market with a mixed-use complex featuring a 5-star hotel, shopping center, and office space. This decision comes as the land remains undeveloped, delaying the highly anticipated transformation of the area.

"At the recent 'Capital Flow to the South' seminar, Dr. Nguyen Van Dinh, Chairman of the Vietnam Association of Realtors, offered his expert insights."