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[2009-11-27] HCM City takes lead in attracting FDI
HCM City takes lead in attracting FDI
(Listed Nove 27, 2009)
HCM City leads the country in attracting foreign direct investment (FDI) with 3,469 foreign-invested projects capitalized at nearly US$27,293 million, according to the city’s Department of Investment and Planning. Currently, about 29 nations and territories are investing in the city including the Republic of Korea, Singapore, Malaysia, Japan, the UK, France and the US. In November alone, the city has attracted 318 FDI proje... |
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[2009-11-27] Construction of Hanoi-Thai Nguyen highway gets underway
Construction of Hanoi-Thai Nguyen highway gets underway
(Listed Nove 27, 2009)
The building of a highway linking the capital city of Hanoi with the mountainous province of Thai Nguyen started on November 24 under the watchful eye of Vietnamese Prime Minister Nguyen Tan Dung. The highway is seen as an important project in the country’s strategy to develop its transport and communications network by 2020. Its construction will help to promote socio-economic exchanges between Hanoi and Thai... |
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[2009-11-27] Dubai's main investment fund seeks debt payment delay
Dubai's main investment fund seeks debt payment delay
(Listed Nove 27, 2009)
The government-owned investment company behind Dubai's rapid development drive has asked its creditors for a six-month delay on repaying its debts. Dubai World, which has total debts of $59bn (£35bn), is asking creditors if it can postpone its forthcoming payments until May next year. Dubai World has also appointed global accountancy group Deloitte to help with its financial restructuring. The company has been ... |
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[2009-11-26] Dubai's main investment fund seeks debt payment delay
Dubai's main investment fund seeks debt payment delay
(Listed Nove 26, 2009)
The government-owned investment company behind Dubai's rapid development drive has asked its creditors for a six-month delay on repaying its debts. Dubai World, which has total debts of $59bn (£35bn), is asking creditors if it can postpone its forthcoming payments until May next year. Dubai World has also appointed global accountancy group Deloitte to help with its financial restructuring. The company has been ... |
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[2009-11-26] Vietnam attracts US$19.7 billion in FDI in 11 months
Vietnam attracts US$19.7 billion in FDI in 11 months
(Listed Nove 26, 2009)
Vietnam has lured US$19.7 billion in foreign direct investment (FDI) in the first 11 months of this year, according to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA). The FIA said that the new investment is a big figure in the context of economic slowdown, though it is only equivalent to 28 percent of the same period last year. The According to the FIA, with counting newly-licensed proj... |
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[2009-11-26] Steel prices likely to fluctuate in peak season
Steel prices likely to fluctuate in peak season
(Listed Nove 26, 2009)
In mid November, the domestic steel prices have increased by 200,000/ton after three times of falling down. This is because the foreign currency exchange rate has faced fluctuation, so steel producers must raise the selling price to have the foreign currency balance for importing production materials. Pham Chi Cuong, Chairman of the Vietnam Steel Association said that despite the price increase, steel producers have got 10... |
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[2009-11-26] Only the State is a loser in Vietnam’s real estate boom
Only the State is a loser in Vietnam’s real estate boom
(Listed Nove 26, 2009)
There are many ways to evade taxes on the sale of houses. Everyone knows them so the State loses lots of revenues, reports the Hanoi daily, Tien Phong. TDQ had a house in Tan Quy ward (HCM City District 7) that he purchased for 1.5 billion dong, about $75,000. Recently, he bought another house for five billion dong in the same ward. With real estate prices high, Q resolved to sell the first house, but of cours... |
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[2009-11-26] Beijing: Record surge in used apartment sales
Beijing: Record surge in used apartment sales
(Listed Nove 26, 2009)
There has been a record surge in the number of second-hand apartment sales in Beijing in November, with about 1,000 transactions every day. According to a report in Beijing Business Today, the monthly demand for older houses in Beijing has reached 85,000 apartments, while the market supply is only 20,000. The supply-demand ratio is the highest this year. Statistics released by bjfdc.gov.cn, an official website for the Beijing... |
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[2009-11-25] Only the State is a loser in Vietnam’s real estate boom
Only the State is a loser in Vietnam’s real estate boom
(Listed Nove 25, 2009)
There are many ways to evade taxes on the sale of houses. Everyone knows them so the State loses lots of revenues, reports the Hanoi daily, Tien Phong.TDQ had a house in Tan Quy ward (HCM City District 7) that he purchased for 1.5 billion dong, about $75,000. Recently, he bought another house for five billion dong in the same ward. With real estate prices high, Q resolved to sell the first house, b... |
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[2009-11-25] KBC replaces Japan investor in Hanoi’s major hotel project
KBC replaces Japan investor in Hanoi’s major hotel project
(Listed Nove 25, 2009)
Authorities of Hanoi City have allowed Kinh Bac City Development Shareholding Corporation (KBC) to replace a Japanese investor in an upscale hotel project worth some US$500 million in the capital city.KBC under Saigon Invest Group will replace Japan's Riviera Corporation in developing the Lotus Hotel project southwest of Me Tri Commune at a prime location on Pham Hung Road near the National Convention Cente... |
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[2009-11-25] Apartment project starts in southern province
Apartment project starts in southern province
(Listed Nove 25, 2009)
Work started Sunday on an 18-story commercial and residential complex in southern coastal Ba Ria – Vung Tau Province.The 12,000 square meter Ocean View Hoan Vu-Vung Tau project is a joint venture between two real estate developers, the Kim To Trading and Service Co., Ltd and the Hoan Vu Joint Stock Company.Located some 500 meters away from Thuy Van beach at the heart of resort Vung Tau City, the complex includes 61 luxu... |
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[2009-11-24] Interest rate curve skewed
Interest rate curve skewed
(Listed Nove 24, 2009)
The familiar interest rate curve cannot be seen these days because it has been replaced by another, strange formation showing banks’ interest rate policy: interest rates for short term deposits are the same or even higher than interest rates for long term deposits. In principle, banks must offer higher interest rates for long term deposits because it is more difficult to mobilize long term capital. When banks offer higher interest rates ... |
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[2009-11-24] Singapore assessing mkt before new property measures
Singapore assessing mkt before new property measures
(Listed Nove 24, 2009)
Singapore said on Monday that it will assess the property market before deciding on any new moves to cool buoyant prices, after recent measures that have dampened speculative demand. "The government will continue to monitor the property market closely and assess the market response to the measures introduced before deciding whether further measures are ncessary to promote a stable and sustainable property market," Nati... |
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[2009-11-24] Draft Law on House and Land Tax under scrutiny
Draft Law on House and Land Tax under scrutiny
(Listed Nove 24, 2009)
On November 21, deputies at the sixth session of the 12th National Assembly (NA) chaired by Vice NA Chairman Nguyen Duc Kien gave opinions on the draft Law on House and Land Tax. Most NA deputies said that it is difficult to put the law into effect as the foundation for its feasibility has not yet been perfected and house owners should not been subject to tax payments. They agreed with the NA Committee for Finance and Budget... |
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[2009-11-24] Indochina Plaza Hanoi inaugurated
Indochina Plaza Hanoi inaugurated
(Listed Nove 24, 2009)
The Indochina Plaza Hanoi building, invested by Indochina Capital, began operations on November 21. The building, with a total capital of US$150 million, is located on a 1.6 hectare site at the intersection of Xuan Thuy Road and Pham Van Dong and Pham Hung streets in the Cau Giay dictrict of Hanoi. The project was planned together with neighbouring infrastructure system to connect it with the city centre. Indochina Plaza Hanoi includes ... |
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