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[2009-10-08] With high grade apartments unsalable investors’ money remains buried
With high grade apartments unsalable investors’ money remains buried
(Listed Octob 08, 2009)
Though prices of luxury apartments have been decreasing sharply, the demand for expensive products remains low.Speculators complain capital has been ‘buried’ in apartments as they still have not been able to sell them for the last several months.Phan Ha, an investor in district 1 of HCM City, said that he has two unsold high grade apartments worth nearly 6 billion dong ($20,761) at ... |
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[2009-10-08] Golf courses in Binh Duong inspected
Golf courses in Binh Duong inspected
(Listed Octob 08, 2009)
The Ministry of Environment and Natural Resources has started an inspection of the golf courses in the southern province of Binh Duong.Phan Minh Tuan, who is overseeing the task, said the inspectors would look into the allocation of land for the golf courses and the land compensation process.They will also check the use of water and chemicals at the courses.The inspection, lasting until October 23, will cover the province’s f... |
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[2009-10-08] New $100-million-plus tourism complex to hit Nha Trang
New $100-million-plus tourism complex to hit Nha Trang
(Listed Octob 08, 2009)
Lighthouse Investing Joint-stock Company announced plans to invest in a VND1.8-trillion hotel and commercial complex in the central beach city of Nha Trang.The Lighthouse Complex Tower Nha Trang, set to cost the equivalent of around US$100.87 million, will include two 36-storey towers featuring five-star hotels, apartments, offices and a trade and cultural center, said the company in a statement announcing the pro... |
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[2009-10-07] Challenges Also Mean Opportunities
Challenges Also Mean Opportunities
(Listed Octob 07, 2009)
Challenges also mean opportunities, said Deputy Prime Minister Nguyen Sinh Hung at the opening ceremony of the meeting entitled 'The Impact of the Global Economic Slowdown on Poverty and Sustainable Development in the Asia-Pacific Region' that took place in Hanoi from September 28-29, 2009.
The meeting was hosted by the Asian Development Bank (ADB) in cooperation with the Vietnamese and Chinese governments and the ASEAN Secreta... |
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[2009-10-07] Choosing the Best HNX-Listed Businesses
Choosing the Best HNX-Listed Businesses
(Listed Octob 07, 2009)
On Vietnam Business Day (October 13) the Hanoi Stock Exchange (HNX) and the Stock Investment Newspaper announced that it will choose the best HNX-listed businesses in 2008-2009.
The selection actually got started on September 15 and finalists will be made public on October 10.
The selection will become an annual event to encourage businesses to contribute to the development of the Vietnamese securities market.
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[2009-10-07] Realtors split on property price forecast
Realtors split on property price forecast
(Listed Octob 07, 2009)
Over 57 percent of property firms surveyed recently in Hanoi and Ho Chi Minh City said real estate prices in big cities would remain unchanged, while the rest said they expected surges.The survey, recently issued in Hanoi, was conducted among 500 consumers and individual investors, and 35 property firms in Hanoi and HCMC, by Vietnam Report, a research firm that provides surveys and rankings in the property and telecommunicatio... |
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[2009-10-07] IMF backs latest G-20 recovery plan
IMF backs latest G-20 recovery plan
(Listed Octob 07, 2009)
The International Monetary Fund has taken on an enhanced global role to promote lasting economic recovery in the world, with its 186 member nations pledging to keep stimulus support of growth in place.
The IMF’s steering committee meeting in Turkey’s commercial capital, Istanbul, on October 4 endorsed a recovery plan agreed at the Group of 20 (G-20) summit last month amid the worst global economic crisis since World... |
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[2009-10-06] Real estate transactions stagnant because of PIT
Real estate transactions stagnant because of PIT
(Listed Octob 06, 2009)
The Hanoi and HCM City real estate markets have quietened over the last week since the start of personal income taxation (PIT). From September 26, people have had to pay PIT on the margin between the buying and selling prices in property deals. They either pay two percent on the margin of the sale and purchase prices or 25 percent on the sale price. Dao Dinh Thi, director of Viglacera real estate trading floor, says the ... |
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[2009-10-06] Express rail to connect Hanoi-HCMC in under 6 hours
Express rail to connect Hanoi-HCMC in under 6 hours
(Listed Octob 06, 2009)
An express railway connecting Hanoi and Ho Chi Minh City in five and a half hours is scheduled to open by 2035, the Vietnam Railway Corporation (VCR) said on September 15. Several sections of the 1,630- kilometer railway will open before that time, VCR’s deputy general director, Nguyen Dat Tuong, said during meeting on the issue held by VRC and the Japan Overseas Rolling Stock Association. The Hanoi-Vinh... |
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[2009-10-05] ADB Raises Economic Growth Prediction to 4.7 Percent
ADB Raises Economic Growth Prediction to 4.7 Percent
(Listed Octob 05, 2009)
While the Asian Development Bank (ADB) predicted in March that the Vietnamese economy would grow 4.5 percent this year, it recently changed its prediction raising it to 4.7 percent. Its forecast of 6.5 percent growth in 2010 remains the same.
Ayumi Konishi, the ADB country director for Vietnam, said that the growth expectation was raised due to the Government's rapid and drastic policies to minimize the impact t... |
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[2009-10-05] METALEX Vietnam 2009
METALEX Vietnam 2009
(Listed Octob 05, 2009)
Following the successful events of the previous years, especially METALEX Vietnam 2008, and the Vietnam Manufacturing Expo 2009 in May, 2009 in Hanoi, Metalex Vietnam 2009 will be organized in Ho Chi Minh City as the biggest event of its kind in size. Participants will include more than 500 industrial machinery manufacturers from 25 countries and territories worldwide and about 7,000 industrial companies and groups (domestic, foreign and multinati... |
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[2009-10-05] Intel Products Vietnam Invests in Traffic Safety
Intel Products Vietnam Invests in Traffic Safety
(Listed Octob 05, 2009)
September 22, 2009, almost 1,400 primary school students and 90 teachers and staff members at the Truong Van Thanh School received helmets and traffic safety education curriculum. This is thanks to the generous donation from Intel Products Vietnam to Asia Injury Prevention (AIP) Foundation's Helmets for Kids (HFK) and Traffic Safety Education programs. These two programs will be implemented and monitored throughout the ... |
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[2009-10-05] Cheaper apartments in demand in HCMC
Cheaper apartments in demand in HCMC
(Listed Octob 05, 2009)
Medium-priced apartments are becoming increasingly popular in Ho Chi Minh City. Le Hoang Chau, chairman of the HCMC Real Estate Association, said apartments have generally become cheaper, allowing investors to earn small profits but sell them quickly to rotate their funds and avoid risks. Though the market has recently been affected by the capital-gains tax and credit policies, apartments costing VND1.5 billion and less are popular ... |
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[2009-10-05] Realtors split on property price forecast
Realtors split on property price forecast
(Listed Octob 05, 2009)
Over 57 percent of property firms surveyed recently in Hanoi and Ho Chi Minh City said real estate prices in big cities would remain unchanged, while the rest said they expected surges. The survey, recently issued in Hanoi, was conducted among 500 consumers and individual investors, and 35 property firms in Hanoi and HCMC, by Vietnam Report, a research firm that provides surveys and rankings in the property and telecommunication... |
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[2009-10-03] Honoring FDI Businesses
Honoring FDI Businesses
(Listed Octob 03, 2009)
On September 20 in Hanoi, the Vietnam Golden FDI 2009 awards ceremony took place for the first time to honor successful FDI (foreign direct investment) businesses in Vietnam and Vietnamese businesses that have investments abroad.
At the ceremony, Deputy Prime Minister Nguyen Thien Nhan spoke highly of the Vietnamese Association of Foreign Investment Enterprises' idea of offering the Vietnam Golden FDI 2009 awards, an event sponsored by the ... |
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