On January 30th, the People's Court of Da Nang City held a first-instance trial, prosecuting six defendants involved in violating regulations on auction activities related to the DB2B sand mine (formerly located in Dien Ban Town, Quang Nam Province).
Amidst the rapid rise in mortgage interest rates, Mr. Nguyễn Văn Đạt, Chairman of the Board of Directors at Phat Dat Real Estate Development Corporation, views this as a market test, one that will sift out inexperienced real estate developers.
Prime real estate locations across Ho Chi Minh City remain vacant, despite significant rental price reductions, as both landlords and tenants opt to wait.