Vietnamese people still find it hard to buy a house due to their very low salaries, even though the property prices are not high, said Nguyen Tran Nam, deputy minister of construction.

With a majority of 77 per cent vote the National Assembly last week passed the long-awaited amended Law on Housing which would expectedly make positive changes to home-ownership rights for foreigners.

Vietnamese lawmakers have approved the revised Law on Housing, allowing foreign ownership of houses or apartments for 50 years, as the government seeks to boost the ailing domestic real-estate market.

Although Viet Nam hotels saw positive performance in the second quarter of 2014, growth is patchy across markets and segmentations, according to a report released by CBRE

Hanoi - More than 36,000 apartment buyers in Ha Noi have been denied vital land-use right certificates because the sellers have not completed legal documents, said vice director of the city's Natural Resources and Environment Department, Nguyen Huu Nghia.

The Costa Nha Trang – the first five star apartment for sale project on in Nha Trang has recently launched its sale of the last units.

In the face of widespread opposition from both local residents and traders, the Hanoi Municipal People’s Committee has admitted defeat in its attempts to drive traditional wet markets into purpose built modern facilities.

Both the Ho Chi Minh City and Hanoi apartment markets have seen an uptrend through the first half of the year.