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[2009-07-29] Further 80 FDI projects in July
Further 80 FDI projects in July
(Listed Jul 29, 2009)
Eighty foreign direct investment projects, worth US$ 1.2 billion, were registered nationwide in July, increasing the total FDI capital lured to the country in the first seven months to $10 billion, said the Foreign Investment Agency on Monday.Although the total FDI capital failed to meet the Government’s goal, at 18.8 percent in comparison with the same period last year, the released capital was rather high at $4.6 bil... |
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[2009-07-29] Government to submit NA high speed railway plan
Government to submit NA high speed railway plan
(Listed Jul 29, 2009)
The Hanoi – Ho Chi Minh City express railway will play a very important role in the industrialization and modernization of the country, Prime Minister Nguyen Tan Dung said recently.At a meeting of the Government Office, the PM assigned the Ministry of Transport to quickly complete an investment report to submit to the National Council to assess the project in August.The Government will assess the counc... |
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[2009-07-29] FDI exceeds US$10 billion in seven months
FDI exceeds US$10 billion in seven months
(Listed Jul 29, 2009)
More than US$10 billion in foreign direct investment (FDI) capital poured into Vietnam in the past seven months, equal to only 18.8 percent of FDI received a year ago. The Overseas Investment Agency says that US$4.6 billion of the figure was implemented capital. Many big foreign companies, including La Vie, DHL, TNT, Prudential and Metro, increased their investment capital to expand production. Winvest Investment Compan... |
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[2009-07-29] MPI still optimistic about FDI attraction
MPI still optimistic about FDI attraction
(Listed Jul 29, 2009)
Minister of Planning and Investment Vo Hong Phuc, in a recent interview with Thoi bao Kinh te Vietnam, said that though foreign direct investment (FDI) in Vietnam has decreased, Vietnam’s FDI attraction remains fairly good in comparison with other regional countries.TBKTVN: Vietnam expects to attract $20 billion worth of FDI in 2009, including $8 billion worth of implemented capital. This means a sharp fall in th... |
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[2009-07-29] Local players remain dominate in real estate
Local players remain dominate in real estate
(Listed Jul 29, 2009)
Local investors will continue to be main players in the real estate market in the short and medium term, and will seek assets from foreigners looking to leave the market, an international conference heard last Saturday. Managing director of CB Richard Ellis Viet Nam Ltd Co, Marc Townsend, told the Viet Nam International Real Estate Conference in HCM City that more real estate assets will be offered for sale in the n... |
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[2009-07-28] HCM City: US$700 mln in FDI in seven months
HCM City: US$700 mln in FDI in seven months
(Listed Jul 28, 2009)
Ho Chi Minh City, Vietnam’s southern largest economic hub, attracted 203 foreign direct investment projects with a total capital of US$713 million in the first seven months of this year. Joint venture was the most favourite kind of investment by foreign investors with a combined capital of US$504.2 million in 54 projects. US$204.7 million were registered for 147 wholly foreign-owned projects and US$4.1 million fo... |
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[2009-07-28] Hotel market in for some more pain
Hotel market in for some more pain
(Listed Jul 28, 2009)
The global economic downturn and swine flu could put a big dent in hotels’ profits. According to General Statistics Office, foreign direct investment for the first half of 2009 was only $8.9 billion, a strong decrease of 77.4 percent compared with the same period of last year, while the Ministry of Health last week also confirmed more than 400 cases of swine flu infections in Vietnam. According to Vietnam National... |
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[2009-07-28] Falls have a positive spin
Falls have a positive spin
(Listed Jul 28, 2009)
Trading volumes of Vietnamese securities remain low on the back of market corrections, but analysts said the falls were positive. Ho Chi Minh Stock Exchange (HoSE) trading volumes of local securities in July saw 20-25 million shares changing hands on a daily basis. In June, the HoSE’s average daily trading volume was between 60-80 million shares, with 100 million shares changing hands on June 10, after the VN Index witnesse... |
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[2009-07-28] Tightened dollar flows strangle steel imports
Tightened dollar flows strangle steel imports
(Listed Jul 28, 2009)
Local steel producers recently complained to the prime minister that they could not borrow US dollars from banks to import scrap steel and iron, crucial materials for billet manufacturing. Scrap steel importers are caught between a rock and a hard place State-run Vietnam Steel Corporation sent a document to the governmental leader early last week, complaining local banks were refusing to loan it dollars to import sc... |
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[2009-07-27] Market for "second home" getting hotter
Market for "second home" getting hotter
(Listed Jul 27, 2009)
The concept 'second home' is clearer in Vietnam's property market as tourism property project developers are launching their products regardless of the current quiet property market.Land plots for villas, with a promised vision seen on master plans of the tourism property projects dotting the country's coastline, have been offered to potential buyers and investors making the young market noisy recently. Marc Townsend, man... |
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[2009-07-27] Saigon Center recognized as best mixed-use property
Saigon Center recognized as best mixed-use property
(Listed Jul 27, 2009)
Saigon Center building in downtown HCMC was honored as the best mixed-use development in Vietnam at the CNBC Asia Pacific Property Awards 2009, a prestigious competition dedicated to recognizing the best real estate professionals across the globe. Singapore-based real estate company Keppel Land Limited boasted in a statement sent to the Daily last week that the property project had won five-star status, qualify... |
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[2009-07-27] Vietnam sees growing demand for home abroad
Vietnam sees growing demand for home abroad
(Listed Jul 27, 2009)
The housing market slump in the US and Asia has given wealthy Vietnamese the opportunity to own a home abroad, but the government’s forex regulations have restricted the trend, realtors say. Do Thi Loan, secretary general of Ho Chi Minh City Real Estate Association, said she knew many groups of Vietnamese who had traveled to the US to study the real estate market as they were interested in taking advantage of fa... |
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[2009-07-27] Ground broken for central Vietnam’s tallest building
Ground broken for central Vietnam’s tallest building
(Listed Jul 27, 2009)
Work begun last weekend on a 48-story building, slated to be central Vietnam’s the tallest structure, in the central city of Da Nang. The Saigon Investment Group and Trung Nam Construction & Investment Group have invested in the US$180-million Vien Dong Meridian Tower, developed by the property firm Vien Dong Land, an affiliate of SGITrung Nam Group’s consortium. SGI said the 220-... |
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[2009-07-27] Blooming Tower Danang introduces condo models
Blooming Tower Danang introduces condo models
(Listed Jul 27, 2009)
Korea Investment and Development Co. Ltd. has introduced the apartment model of the Blooming Tower Danang project with Savills Vietnam named as exclusive distributor of the luxury condos.
Blooming Tower Danang has two 37-floor towers with nearly 700 luxury flats, a commercial section, a swimming pool, a spa, a fitness center, a miniature golf course, a restaurant and a conference room. The condos, whose areas range fro... |
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[2009-07-27] U.K. property prices held their value in July
U.K. property prices held their value in July
(Listed Jul 27, 2009)
U.K. house prices held their value for a third month in July as the credit squeeze and the recession prevented the property market from improving, Hometrack Ltd. said. The average cost of a home in England and Wales was 155,600 pounds ($256,351), 7.7 percent lower than a year earlier, the London-based property research company said in an e-mailed statement today. “The housing market remains in a fragile state,&rd... |
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