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[2009-10-03] Taking New Opportunities To Develop
Taking New Opportunities To Develop
(Listed Octob 03, 2009)
The economy has shown some signs of recovery and the tourism facilities market is attracting the attention of investors. Businesses are getting well prepared for making use of new opportunities to develop. Vietnam Economic News' Tuan Ngoc spoke with Nguyen Vinh Tho, the general director of the Sai Gon - Ham Tan Tourism Joint Stock Company, about the company's project to build a four-star resort, a trade center and high-grade villas ... |
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[2009-10-02] New Zealand: September rise in house prices, new listings
New Zealand: September rise in house prices, new listings
(Listed Octob 02, 2009)
A shortage of properties listed for sale, which was thought to have been a factor in rising prices, looks to have eased last month. Property listing website Realestate.co.nz today reported property listings rose 19 per cent in September, compared to August, while year on year listings also grew for the first time in 2009. The website's monthly survey of market activity, NZ Property Report, also found vendors' ask... |
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[2009-10-02] Real estate may rebound in 2010-2011
Real estate may rebound in 2010-2011
(Listed Octob 02, 2009)
Vietnam’s real estate market may rebound in 2010-2011, according to a report released on last Tuesday by the Vietnam Report Joint Stock Company. “Vietnam’s Real Estate 2009 and 2010 Prospective” surveyed 500 people in Ho Chi Minh City and Hanoi, 35 real estate businesses as well as local experts, Lao Dong (Labor) newspaper reported. Among the 500 correspondents, up to 61.5 percent said they would buy propertie... |
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[2009-10-02] Unreasonable pricing scheme paves way for steel imports to flood market
Unreasonable pricing scheme paves way for steel imports to flood market
(Listed Octob 02, 2009)
With prices of domestically made steel products overly high, Chinese, Thai and Indonesian steel are likely to take advantage. While the ingot steel and finished steel products’ prices have been dropping sharply in the world market due to oversupply, domestic prices have been continuously increasing. By the end of September 2009, the steel price has increased by 400,000-500,000 dong per ton... |
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[2009-10-01] Home prices in U.S. probably fell at slower pace, confidence up
Home prices in U.S. probably fell at slower pace, confidence up
(Listed Octob 01, 2009)
Home values in 20 U.S. metropolitan areas probably declined at a slower pace and consumer confidence improved, signs the recession is abating as the real-estate crisis eases, economists said before reports today. The S&P/Case-Shiller home-price index fell 14.2 percent in July from a year earlier, the least in 17 months, according to the median forecast of 35 economists surveyed by Bloomberg News. The Co... |
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[2009-10-01] Domestic investment to drive real estate market
Domestic investment to drive real estate market
(Listed Octob 01, 2009)
Vietnamese investors will dominate the domestic real estate market for the immediate foreseeable future, experts said at a seminar on property trends yesterday, September 29, held in HCM City. Marc Townsend, managing director of CBRE, a real estate service provider, said the prolonged global economic downturn has forced a lot of foreign investors to halt or reconsider their property projects in Viet Nam. Besides, many fact... |
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[2009-10-01] Decree simplifies land law issues
Decree simplifies land law issues
(Listed Octob 01, 2009)
To foreign-invested enterprises, land law issues are among the most complex and unpredictable problems they face when doing business in Viet Nam due to excessive promulgation of fast-changing regulations. The Government, in an attempt to resolve land-related issues and simplify the legal framework, issued Decree No 69/2009/ND-CP on August 13 to amend a number of provisions on land use planning, land rental rates, land reclamation, and r... |
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[2009-10-01] Work to start on expressway linking HCMC to Southeast region
Work to start on expressway linking HCMC to Southeast region
(Listed Octob 01, 2009)
The construction of HCM City – Long Thanh – Dau Giay expressway, linking the city to the Southeast region’s provinces, will start on October 3. The 55-kilometre highway will start at Luong Dinh Cua Street in District 2, Ho Chi Minh City, and end at National Highway No. 1 near the Dau Giay T-junction in neighboring Dong Nai Province. The expressway is expected to be completed in 2014, with ho... |
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[2009-09-30] Insurers eager to invest in real estate market
Insurers eager to invest in real estate market
(Listed Sep 30, 2009)
People's Insurance Company of China (PICC), the nation's largest insurance conglomerate, is eyeing investment opportunities in economically affordable housing, the company's President Wu Yan said yesterday. Several insurers are eager to make a similar move after a new law allowing it comes into effect on Oct 1. Real estate, usually a long-term investment, is a perfect match for life insurers' long-term liabilities. "As for th... |
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[2009-09-30] Real estate requires real reform
Real estate requires real reform
(Listed Sep 30, 2009)
Middle-class families in Vietnam use up to 80 percent of their income to purchase homes, an overly high level that can easily cause debt crisis, according to research by Vietnam Report on Vietnam’s real estate sector in 2009-2010. Vietnam Report, a well-known market survey and business ranking firm, identified the biggest problems in real estate: overly high prices of land and houses that far exceed average incomes as well as the dev... |
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[2009-09-30] Int’l conference to highlight 500 property projects
Int’l conference to highlight 500 property projects
(Listed Sep 30, 2009)
Around 500 property development projects will be introduced at a major international conference set for October 20-22 in HCM City. The Vietnam Top Property Opportunities (VnTPO-2009) conference promises to be a venue for local and foreign investors to explore these projects and build business links. Phan Huu Thang, head of the Foreign Investment Agency of the Ministry of Planning and Investment, said at a news brie... |
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[2009-09-30] House prices see 'slight decline'
House prices see 'slight decline'
(Listed Sep 30, 2009)
House prices in England and Wales fell very slightly in August, according to the Land Registry. Prices dropped by just 0.1%, or £202, from July to take the average home price to £155,968. That was 9.4% lower than in August 2008, a continued slowdown in the rate at which prices have fallen. "The annual rate of decline is continuing to slow... from a low of approximately -16% experienced in February," the Land Registry said. New... |
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[2009-09-29] Vietnam real estate sector thirsty for capital
Vietnam real estate sector thirsty for capital
(Listed Sep 29, 2009)
Vietnam’s real estate sector is in dire need of capital as the economic slump hits invest-ments and alternative funding sources are unavailable, experts said. Deputy Minister of Construction Bui Pham Khanh said Vietnam needs VND500 trillion (US$27.8 billion) to build 37.5-million square meters of housing, including 500,000 square meters of low-cost housing for seven million residents. Other property projects like offi... |
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[2009-09-29] Real estate, building materials looking good for investors
Real estate, building materials looking good for investors
(Listed Sep 29, 2009)
Real estate and construction material businesses are set to reward investors as business picks up in the second half of this year. Construction material businesses are expected to report hefty sales in the second half, especially in the fourth quarter. In what is usually a low period for construction last month, steel producers said their profits had not fallen over previous months. Ho Chi Minh City-based SMC In... |
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[2009-09-28] Vietnam’s nine-month FDI down 78.6 percent
Vietnam’s nine-month FDI down 78.6 percent
(Listed Sep 28, 2009)
Vietnam attracted a total of US$12.54 billion in foreign direct investment (FDI) in the first nine months of this year, down 78.6 percent from the same period last year. Of the total sum, US$7.67 billion was committed for 583 newly-licensed projects, representing a year-on-year decrease of 85.7 percent, reported the Ministry of Planning and Investment’s Foreign Investment Department. The remaining US$4.86 billion was ... |
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