Thursday, March 30, 2017 11:52:06 AM - Markets open
VN-INDEX 725.30 +4.83/+0.67%
HNX-INDEX 91.19 +0.52/+0.57%
UPCOM-INDEX 57.59 +0.29/+0.51%
Major realty firms to be inspected
Source: Saigon Times - 1/11/2017 8:31:05 AM
 (0 ratings. You must sign in to rate.)
The Ministry of Construction is going to inspect a dozen real estate companies, including major ones, a source told the Daily.

Through the periodical checks, inspectors of the ministry will clarify some issues concerning the operations of realty firms, such as their observance of law and policies on planning, quality management and real estate business in 2011-2016.

Reportedly, among the 12 property firms to be examined are those of significant scale such as Vingroup, Sun Group, FLC, Hoa Binh Group, Novaland, Muong Thanh Group, Tan Hoang Minh Group, Bitexco Group, Empire Group, Dai Quang Minh, Phu My Hung Corporation and Nam Thang Long (Cipurtra). Each of these enterprises will undergo a month-long inspection.

In particular, the ministry will look into projects of Muong Thanh Group in Hanoi and Khanh Hoa Province, Bitexco’s projects in HCMC, Cocobay Danang project of Empire, and Dai Quang Minh’s construction of four main roads in Thu Thiem New Urban Area in HCMC.

Such inspection is a regular activity of the Ministry of Construction. Nevertheless, this inspection plan has stoked public curiosity and attention since some real estate projects have recently stirred up public concerns. Particularly, Muong Thanh Group has just been examined, with a number of irregularities detected such as violating height limits.

Speaking at a review conference for 2016 last Friday, Deputy Minister of Construction Le Quang Hung said the Government had assigned his agency to review urban planning. The ministry has already ordered inspections into controversial projects in Hanoi this week.
Newer News
23/03 Mapletree openes its first office development in Vietnam
20/03 Price up for high-end property
07/03 Real estate transactions stall in February
01/03 City aims for high-quality low-cost housing
27/02 Property stockpile 77% below peak
15/02 Vietnam’s building code in a "messy" situation
13/02 Ha Noi office and retailHa Noi office and retail competition heating up
13/02 HCM City aims for sustainable realty market
09/02 HN to collect VNĐ10 trillion from auctioning land
06/02 Realty market outlook gloomy
Older News
10/01 VN’s average floor area per person is 22.8sq.m
10/01 Vietnam in dire need of low-cost condos
09/01 HCM City property market epiccentre shifts eastward
07/01 Gov’t urges developers to balance supply, demand
05/01 Housing land prices increase 20-40 percent in HCMC
05/01 Retail, property deals dominate M&A market in 2016
27/12 Hot cash flow in the real estate market in 2017
23/12 Experts present three scenarios for property market next year
21/12 Multi-house owners won’t be taxed in 2017
21/12 Real estate bubble unlikely next year: HoREA
 
Newsletter Signup
Top Stories
CPI goes up 4.96 percent year-on-year in first quarter
Slight rise in February CPI
Draft decree on State monopoly in trade submitted to Government
CPI ups 0.46% in January
CPI below 5% target
Market Update
Last updated at 11:31:23 AM
VN-INDEX 725.30 +4.83/+0.67%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.