Many large projects in Da Nang are on the radar of the Government Inspectorate
The Government Inspectorate has just announced a thematic inspection plan for projects and works that are behind schedule, have long backlogs, are ineffective or show signs of violations, in which Da Nang is one of the key localities.
Accordingly, 5 super projects in Da Nang were included in the inspection. Of which, 1 project is in the old Quang Nam province and 4 projects are concentrated in Da Nang urban area. Among these, the project with the most complaints is the Commercial Services Complex, Apartment and Residential Land Complex (nearly 8.7ha) of Phu Gia Thinh Housing Business Investment Joint Stock Company.
All 5 projects inspected this time are projects with prime locations, expected to create momentum for urban development in the South and Southwest of the city. However, over the years, these projects have been slow to be implemented, encountering problems in legal procedures, site clearance, etc.
The inspection aims to comprehensively assess the implementation status, clarify the reasons for the delay, detect inadequacies in mechanisms and policies to propose amendments, and at the same time determine the responsibilities of relevant organizations and individuals if there are violations. See more...
Apartment prices in Da Nang continue to peak
According to new data from the global real estate services giant - Savills Vietnam, Da Nang is rapidly transforming into the next economic center of Vietnam, with a series of large-scale infrastructure projects opening up strong potential for urban expansion, industrial development and high-value real estate.
Regarding the developments in the real estate market, Savills said that the Da Nang apartment market recorded limited new supply in the period of 2021-2023, reflecting a quiet development cycle. Since the beginning of 2024, the market has gradually recovered, with positive growth continuing in 2025.
Also according to a report from the Commercial Real Estate Investment and Trading Service Company - CBRE Vietnam, the average selling price of primary apartments has increased sharply over the past year, reaching VND85 million/m2 in June 2025, an increase of 27% over the same period in 2024.
Most of the projects opened for sale from 2024 to present have prices from 65 million VND/m2 or more. In the first half of 2025 alone, the market will see luxury projects in the center and along the Han River with the highest selling price of up to 130 - 200 million VND/m2. See more...
Apartments over 50 years old in Ho Chi Minh City are deteriorating, people hope to renovate them soon
Liquidity risks for real estate bonds
The pressure of cash flow to pay bond debt is huge for real estate businesses.
According to report data from FiinGroup, about VND102,000 billion of corporate bonds (except banks) are due for payment in the second half of this year. This figure is double in the first half of the year (44,400 billion VND), showing the pressure on existing payment cash flow. With a large proportion, real estate businesses need 65,300 billion VND to mature bonds in the second half of the year.
maturity pressure peaked in August with VND36 trillion of maturing bonds, the highest level of the year. Among these, according to the assessment of VIS Rating credit rating agency, there are 1.2 trillion VND of high-risk bonds that are late for the first payment. These bonds are issued by 2 real estate companies with credit records at the "Extremely weak" level.
In addition, VND14,400 billion of maturing bonds have been delayed in paying coupon interest, including VND10,500 billion from 4 companies related to Van Thinh Phat Group. The other bonds are issued by Novaland, Trung Nam and Hai Phat - these are all enterprises in the process of restructuring debt. See more...
