Tag: FTSE Vietnam Index

The 3,790 relocation apartments have been a challenge for Ho Chi Minh City since their first auction in 2017. With an initial price tag of VND 8,800 billion, these apartments failed to attract any buyers. Despite multiple attempts by the city to auction them off, the relocation apartments in the Thu Thiem New Urban Area remain unsold and are now falling into disrepair.

The proposed revisions to Decree 103 on land use and land rental fees aim to introduce a more nuanced fee structure. By doing so, it is hoped that a fairer and more rational land policy will be implemented, one that is closer to the people it serves.

After 80 years of nation-building, Vietnam's land management has undergone several pivotal transitions, evolving from feudal ownership to state ownership and eventually embracing market mechanisms. Each reform has been intrinsically linked to significant shifts in the nation's trajectory. Experts view the current wave of institutional reforms, including provincial mergers, streamlining of bureaucratic apparatuses, and the establishment of a national database, as tantamount to a "fourth revolution" in land management.