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[2009-06-04] Administrative reforms a must to encourage foreign direct investment
Administrative reforms a must to encourage foreign direct investment
(Listed Jun 4, 2009)
Nguyen Dinh Cung, vice director of the Central Institute for Economic Management, talks to Dau Tu (Viet Nam Investment) newspaper about attracting higher levels of international investment.FDI to Viet Nam this year is less than the same period last year. Is this due to the global economic downturn?In my opinion, the greatest cause of the reduction in FDI flowing into Viet Nam is the global downturn. As th... |
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[2009-06-04] Fashion shop boom pushing leasing fees up
Fashion shop boom pushing leasing fees up
(Listed Jun 4, 2009)
Though consumer demand has dropped significantly, renting business premises in HCM City, in both central areas and on remoter streets with regular traffic jams and pot holes, is becoming increasingly expensive.The leasing fees of business premises have been increasing steadily by as much as 50-100 percent per annum, despite many businesses reporting unsatisfactory sales.The leasing fee of premises on Cach Mang Thang Tam road has in... |
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[2009-06-04] Land prices rise as property market shows recovery signs
Land prices rise as property market shows recovery signs
(Listed Jun 4, 2009)
Land prices have risen for the last two weeks in certain parts of HCM City, posting increases of 10 to 30 percent compared to the end of last year.The southern and eastern parts of the city have seen the sharpest rises, especially in areas earmarked for residential projects.They include projects along Nguyen Luong Bang Street in District 7, Nguyen Huu Tho Street in Nha Be District, and Nguyen Van Linh Boulevard in Bi... |
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[2009-06-03] Real estate transactions stuck because of gold price increases
Real estate transactions stuck because of gold price increases
(Listed Jun 2, 2009)
The escalation of gold prices in the last few days has made people hesitate to go through with real estate deals, freezing the market.Huong had decided to purchase a house on Nguyen Trai street in district 5 in HCM City for 800 taels of gold after three weeks of price negotiations. However, she has just decided to cancel the transaction, because the gold price increases have made the house1.6 billion do... |
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[2009-06-03] Property trade in stagnation despite low prices
Property trade in stagnation despite low prices
(Listed Jun 3, 2009)
The nightmare for property developers seems to last too long. Since the market was hard hit by turbulence last year, the property market has yet shown a clearer sign of recovery. Prices are slashed and promotions offered, but developers are still finding it hard to woo homebuyers and investors to their projects. Reality shows that regardless of a downward trend of high-and medium-standard apartment prices, purchasers are sitt... |
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[2009-06-03] Policy on Viet Kieu housing needs to be uncorked
Policy on Viet Kieu housing needs to be uncorked
(Listed Jun 3, 2009)
Supporters of a more liberal regime for home purchases by overseas Vietnamese (currently under consideration by the National Assembly) point out that if ‘Viet Kieu’ believe they can purchase houses in Vietnam more easily, it will attract more investment and stimulate the domestic real estate market.Big channel for attracting investmentDo Quan, an executive of the Viet Kieu Chau Au Village project in Hai Duong pro... |
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[2009-06-02] Central province grants licenses to 27 projects
Central province grants licenses to 27 projects
(Listed Jun 2, 2009)
Nghe An People's Committee granted licenses to five new projects in May worth VND550 billion (US$31 million). This brought the total licensed projects in the province to 27 from the first five months of the year, capitalized at VND2.5 trillion ($141 million).The largest projects include the $23 million Xoong Con hydroelectric plant; a $8.4 million factory producing ceramic tiles; and a $5.6 building and office complex.Top pri... |
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[2009-06-02] Demand for upscale store sites keeps rising in Hanoi
Demand for upscale store sites keeps rising in Hanoi
(Listed Jun 2, 2009)
Some experts say that lack of prime rental space is hindering the development of Hanoi retailing, though there is plenty of consumer demand.
Nguyen Binh Long, the owner of Italy Limone, a food shop, has leased the premises at Hanoi’s Vincom shopping centre for five years. He pays $3,300 each month for his 100 square meter premises. Long has been satisfied with the deal. The number of customers visiting his shop ... |
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[2009-06-01] Many overseas Vietnamese want to buy houses in their homeland
Many overseas Vietnamese want to buy houses in their homeland
(Listed Jun 1, 2009)
The policy on allowing overseas Vietnamese (Viet Kieu) to own houses in Vietnam is about to become more open, good news for many who look forward to spending their retirement here.Leaves always fall back to the soil that nurtured them“I guess that half of us Viet Kieu (overseas Vietnamese) want to have houses of their own in our home country,” Hoang Anh Tuan sighed to a VietnamNet reporter.Tuan&rsquo... |
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[2009-06-01] Investors plan thousands of houses for low-income residents
Investors plan thousands of houses for low-income residents
(Listed Jun 1, 2009)
Fourteen investors have registered to build a total 85,000 houses in 17 projects for low-income residents, Nguyen Van Danh, the Deputy Director of the HCMC Department of Construction, said Saturday.Speaking at a meeting organized by the Voice of HCMC in a program called “Conversation with city officials,” Danh said a couple of the projects would commence construction this June and some 6,000 houses wou... |
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[2009-06-01] A big waste of space
A big waste of space
(Listed Jun 1, 2009)
Many cities and provinces allotted land for industrial parks (IPs) and export processing zones (EPZs) without carefully considering its effectiveness, wasting several thousand hectares of agricultural land, an official said.Hoang Thi Van Anh of the General Department of Land Administration (GDLA) said to avoid such inefficiency, it was necessary to make changes to land-use planning, strengthen inspection and supervision of these plans and punish violat... |
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[2009-06-01] Hoa Binh to review projects absorbed into Ha Noi
Hoa Binh to review projects absorbed into Ha Noi
(Listed Jun 1, 2009)
Hoa Binh province has been asked to review projects involving four communes that have since been merged into Greater Ha Noi.Deputy Prime Minister Truong Vinh Trong made the request and also asked the province to improve its management of land and construction investments.As soon as the plan to expand Ha Noi was revealed, investors designated projects and registered for endorsement. However, the Ministry of Construction poste... |
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[2009-06-01] Building material market heating up on greater civil demand
Building material market heating up on greater civil demand
(Listed Jun 1, 2009)
The construction material market has been heating up after half a year of slow sales. Producers and suppliers are hurrying to raise sale prices, even though they still have big stocks.Sales push from individual demandHung, a big contractor specialising in civil works, said that his three groups of workers have been extraordinarily busy over the last month as many orders have come from individual clients.Individual... |
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[2009-06-01] Da Nang breaks ground on 1,000 homes for poor
Da Nang breaks ground on 1,000 homes for poor
(Listed Jun 1, 2009)
Ha Noi-based Vincon Land and Finance Investment joint stock company (Vincon) broke ground for a residential area with 1,000 apartments in Da Nang's Son Tra District on Friday.Apartments in this residential area, located on Bach Dang Dong Street in Nai Hien Ward, will be sold to low-income families.Bui Duc Long, general director of Vincon said each apartment with an area of about 50sq.m would be sold for VND200 million (US$11,00... |
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[2009-06-01] Building industry set for clean-up
Building industry set for clean-up
(Listed May 29, 2009)
Experts from the Ministry of Construction and the British Department for International Development worked here yesterday on an initiative to provide more financial transparency in the construction industry.Le Van Lan, director of the Steering Committee on Anti-Corruption's General Affairs and International Co-operation Department, said the construction industry played a vital role in the Vietnamese economy.However, investment in the indu... |
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