Vietnam government inspections of real estate and public-use

The Government Inspectorate of Vietnam has conducted inspections revealing widespread mismanagement of real estate and public assets across several provinces.

In the private sector, Nam Long Group was found to have committed legal and financial violations across five projects in Ho Chi Minh City, Dong Nai, and Tay Ninh. These violations included failing to meet land-related financial obligations, mismanaging apartment maintenance funds, and selling properties before infrastructure was completed or bank guarantees were secured. The company has stated it is working to address these recommendations.

Simultaneously, inspections in Da Nang, Quang Nam, and Quang Ngai provinces identified significant issues with the management of thousands of public housing and land assets. In Da Nang and Quang Nam, many facilities lacked complete documentation or finalized asset values, leading to inefficient use or vacancy. In Quang Ngai, inspectors noted incomplete legal files, failure to update national databases, rental arrears, and delays in asset auctions and the processing of vacant administrative or school buildings.