Tag: Real estate investment

Comprehensive socio-economic growth and a lack of high-end accommodation have made Quy Nhon city in south-central Binh Dinh province a bright spot for real estate investment. Famous for its scenic spots, Quy Nhon has received a great deal of investment to turn it into the economic nucleus of the region and an international tourist destination.

The draft Law on Insurance Business, which is being discussed by the National Assembly, prohibits insurance companies from investing in real estate, but the Ho Chi Minh City Real Estate Association (HoREA) still wants capital from the industry. HoREA believes that insurance companies should still be allowed to use idle capital from their professional reserves to make financial investments and contribute capital to the real estate sector.