A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
When setting land prices, localities must carefully consider the stability of the legal system and impact on purchasers, and then local businesses to ensure the maintenance of socioeconomic development, according to insiders.
The 2024 Land Law, to take effect from August 1, is hoped to bring about investment waves in relevant sectors such as real estate, requiring stakeholders to make good preparations, experts stated at a conference jointly held by the Investment and Trade Promotion Centre of Ho Chi Minh City (ITPC) and the Vietnam International Arbitration Centre (VIAC) in HCM City on July 17.
The 15th National Assembly (NA) is scheduled to discuss the Hanoi Capital Planning for the 2021-2030 period with a vision to 2045, and a project to amend the master plan of Hanoi until 2045 with a vision to 2065 on June 20 as part of the legislature’s ongoing seventh session.
