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[2009-04-29] New property tax law could fuel land crunch, speculation

New property tax law could fuel land crunch, speculation (Listed Apr 29, 2009) A draft house and land tax law will tighten Vietnam’s land crunch while leaving the real estate market in the hands of speculators, experts said Monday.Residential land, houses, and land for commercial purposes other than cultivation are currently not subject to taxes. But the Finance Ministry draft, to be submitted to the National Assembly for discussion later this year, aims to change all that.Over populatio...
[2009-04-29] Builders urged to improve quality

Builders urged to improve quality (Listed Apr 29, 2009) The construction sector must improve the quality of building work throughout Viet Nam, Deputy Prime Minister Hoang Trung Hai said at a conference held by the Ministry of Construction yesterday.Hai said the remarkable growth of the sector had contributed greatly to the development of infrastructure, industry and civil projects.However, he said more attention should be paid to quality management as there were many shortcomings in buildings....
[2009-04-29] No land charges for builders

No land charges for builders (Listed Apr 29, 2009) Developers of housing projects for industrial zone workers will be exempted from land use fees and rentals as part of a decision recently signed by the Prime Minister to boost worker dorm development.Developers will be exempted from value added tax and corporate income tax for the first four years and a 50% tax cut for the following nine years. Corporate income tax will be cut from 25% to 10% during their operations.Vietnam does not allow land...
[2009-04-29] Developers price speculators out of real estate market

Developers price speculators out of real estate market (Listed Apr 29, 2009) Property speculators are having a bad time in Ho Chi Minh City with buyers choosing to buy apartments directly from developers who are offering low prices, insiders said.Lam Van Chuc, director of Phuc Duc Real Estate Company, said many new projects have hit the market at lower prices than before.Saigonland Real Estate, for instance, has lowered the prices of its Cantavil Hoan Cau apartments in Binh Thanh District to V...
[2009-04-29] evelopers price speculators out of real estate market

Developers price speculators out of real estate market (Listed Apr 29, 2009) Property speculators are having a bad time in Ho Chi Minh City with buyers choosing to buy apartments directly from developers who are offering low prices, insiders said.Lam Van Chuc, director of Phuc Duc Real Estate Company, said many new projects have hit the market at lower prices than before.Saigonland Real Estate, for instance, has lowered the prices of its Cantavil Hoan Cau apartments in Binh Thanh District to V...
[2009-04-28] Students, workers to get housing

Students, workers to get housing (Listed Apr 28, 2009) The Government has set a target that by 2015, 60 percent of students and 50 percent of industrial zone should have accommodation, Deputy Minister of Construction Nguyen Manh Ha said yesterday.Low-income people will also be helped to have access to housing, he said. Ha said supplying housing for students, workers of industrial zones and low-income people was an important policy of the Party and the State.He made the announcement at a press ...
[2009-04-28] Crisis hits building materials industry

Crisis hits building materials industry (Listed Apr 28, 2009) Despite preparatory measures to deal with the economic downturn, the construction materials market has been hit harder than expected, industry insiders say.Manufacturers are struggling to improve the situation as the rainy season approaches, but the situation is further compounded by the impending increase in steel prices alongside rising prices of steel ingots in the global market.Sales of construction steel, cement and bricks have...
[2009-04-28] Ngân hàng nỗ lực kìm chân, USD tự do

Ngân hàng nỗ lực kìm chân, USD tự do "rớt" nhẹ 10:19' 24/04/2009 (GMT+7) Giá USD trên thị trường tự do ngày 24/4 lại điều chỉnh giảm sau nỗ lực tăng giá trong ngày giao dịch hôm qua. Giá USD sáng 24/4 trên thị trường Hà Nội được giao dịch ở mức 18.170 đồng/USD mua vào và bán ra là 18.230 đồng/USD, giảm 10 - 20 đ...
[2009-04-28] Phí bán đấu giá cổ phần không quá 300 triệu đồng

Phí bán đấu giá cổ phần không quá 300 triệu đồng Thứ trưởng Bộ Tài chính Đỗ Hoàng Anh Tuấn đã ký ban hành thông tư Quy định về mức thu, chế độ thu, nộp, quản lý và sử dụng phí bán đấu giá cổ phần. Mức thu phí bán đấu giá cổ phần tối đa không vượt quá 300 triệu đồng/1 cuộc ...
[2009-04-28] Thị trường bất động sản chuyển động

Thị trường bất động sản chuyển động (Đăng ngày 27 tháng 04 năm 2009) Câu hỏi "Tiền đâu sầm sập đổ vào" thị trường chứng khoán chưa kịp tìm ra câu trả lời, thì thị trường bất động sản Hà Nội lại lên cơn sốt.Nhất là trước khi chứng khoán "đỏ sàn", nhà đầu tư chốt lãi, luồng tiền bắt đầu quay ngược ...
[2009-04-28] New park to be for support industries

New park to be for support industries (Listed Apr 28, 2009) Construction began yesterday on the Viet Nam-Japan Support Industries Park No 1 in Que Vo Industrial Zone in the northern province of Bac Ninh.The park will be the first in the nation dedicated to support industries, with up to 50 Japanese-invested small businesses expected to ultimately take up residence in the park.Yesterday's groundbreaking ceremony also included the signing of a co-operation agreement between the Ministry of Ind...
[2009-04-28] Vietnam attracts US$6.4 billion in FDI

Vietnam attracts US$6.4 billion in FDI (Listed Apr 28, 2009) Vietnam has attracted nearly US$6.4 billion in foreign direct investment (FDI), including newly-registered and supplemented capital, in the year to date, down almost 17% compared to the same period last year, according to local newspapers.As many as 145 foreign-invested projects worth some US$2.48 billion are estimated to have been licensed in the first four months and 23 existing projects are set to raise their combined capital by U...
[2009-04-28] Property firm restructures portfolio

Property firm restructures portfolio (Listed Apr 28, 2009) Eden Joint Stock Company has announced to review its investment portfolio and will focus on highly-profitable realty projects and transfer less effective ones in 2009."The policy will help Eden ensure liquidity of business activities in the difficult year," said Eden Group's chairman and general director Ta Kim Hung in the annual shareholders meeting on Sunday. The enterprise has to recover capital to invest in the final phases of some...
[2009-04-28] TP.HCM: Siêu thị giữ giá, chợ ào ạt tăng

TP.HCM: Siêu thị giữ giá, chợ ào ạt tăng Trong khi siêu thị, trung tâm thương mại và các nhà cung cấp thực phẩm tại TP.HCM tuyên bố thực hiện chiến dịch không tăng giá bán các mặt hàng trong ngày lễ lớn 30/4 và 1/5 thì tại các chợ, giá thực phẩm đã tăng giá đáng kể. Siêu thị ồ ạt khu...
[2009-04-28] Real estate market report (April 17th, 2009 – April 23rd, 2009) The property market

Real estate market report (April 17th, 2009 – April 23rd, 2009) The property market’s warmness is “real” or “imaginary”? (Listed Apr 28, 2009) After a series of macro economic information aren’t as bad as forecasted, with some stimulus policies by Government, news of “housing fever” has begun to appear. However, according to some experts, increase in property prices brings more communicativeness.In Hanoi, project on Le Van Khuong street ex...
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