Deputy Prime Minister Tran Hong Ha has signed a decision approving a plan to turn Thua Thien Hue into a centrally run city by 2025 and a typical heritage city of Vietnam by 2030.

The bank said lower interest rates, which have been expected to prevail throughout this year, will likely result in a speedy recovery for the market.

Construction of the second phase of a project on water drainage and environmental improvement of the polluted Tham Lương-Bến Cát Rạch Nước Lên Canal in HCM City is set to be completed on April 30 next year, earlier than scheduled.

Boosting investment in transport projects will help cut logistics and input costs for producers, improving their competitive advantages.

The newly approved Land Law, Housing Law, and Law on Real Estate Business, which will take effect from 2025, are expected to create more favorable conditions for Overseas Vietnamese (OVs) in owning and trading real estate, according to experts.

Long An Province is seeking at least VND11.1 trillion (US$457 million) of private funding for a large urban area project through a public-private partnership (PPP).

Đà Nẵng will be focusing on human resources education and technology applications for semiconductor manufacture and processing industries in building a liveable city and a destination worthy of investment and sustainable development in the region.

The project serves a critical role in handling domestic wastewater for several districts with over 900,000 residents.

This year is expected to mark the final stage of overcoming obstacles in the Vietnamese real estate market. The market will gradually achieve stability, potentially leading to a more positive outlook.

On January 6, the People's Committee of Nhon Trach District, Dong Nai Province, held a ceremony to kick-start the construction of three road infrastructure projects, with a total capital of more than 2 trillion VND.