Hanoi speeds up execution of housing projects
Contractors deemed incapable of performing the works will have their investment licenses revoked. Meanwhile, others will be selected through competitive bidding.
Contractors deemed incapable of performing the works will have their investment licenses revoked. Meanwhile, others will be selected through competitive bidding.
Efforts to prevent property prices from rising have been left unfinished due to the low supplies of social housing and many projects remaining frozen on legal issues and complicated administrative procedures.
The average prices of new apartments for sale in Hanoi in 2022 are from VND30 million (US$1,311) per square meter onwards, which target customers of middle- and high-income groups.
Legal transparency is believed to be one of Hanoi's strengths.