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[2009-06-25] Demand for building materials revives as construction resumes
Demand for building materials revives as construction resumes
Thứ Năm, 25/06/2009
The prices of building materials in Ho Chi Minh City have bounced back by 20-30 percent after languishing for a long time following the resumption of construction activity.The Vietnam Steel Association said demand for structural steel has risen by 1.2 percent in the first five months to 1.5 million tons.Rolled steel prices have risen by VND100,000-200,000 a ton since last month to around VN... |
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[2009-06-25] Hanoi investors not keen on building low-income housing
Hanoi investors not keen on building low-income housing
Thứ Năm, 25/06/2009
The Hanoi Department of Construction has called on investors to build houses for workers and low-income people but said only two developers have shown interest.They are the Hanoi Construction Corporation and Hong Ha Construction Investment & Urban Development Joint Stock Company.Though land, financial, and other incentives are offered to developers for low-income housing, many remain indiffer... |
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[2009-06-25] Hanoi-Hung Yen road construction contract inked
Hanoi-Hung Yen road construction contract inked
Thứ Năm, 25/06/2009
A build and transfer (BT) contract to build an inter-provincial road linking Hanoi and northern Hung Yen province was signed on June 18.Signatories were Vice Chairman of the Hanoi People’s Committee Nguyen Van Khoi and representatives of Hanoi ’s Gia Lam district People’s Committee and the Coma-Cotana joint venture.The construction of the 40m-wide Hanoi-Hung Yen road will be starte... |
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[2009-06-24] Domestic gold prices go down further
Domestic gold prices go down further
2009/06/24
World gold prices dropped considerably on the morning of June 23, causing domestic gold prices to fall by VND150,000 per tael to VND20.73 million per tael to buy and VND20.81 million to sell.SJC plate gold at the Saigon Gold, Silver and Jewellery Company was bought at VND20.71 million per tael and sold for VND20.81 million per tael in the Hanoi market.
SBJ gold at Saigon Thuong Tin bank (Sacombank) was bought at VND20... |
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[2009-06-24] Saturation threat to office market nears
Saturation threat to office market nears
Thứ Tư, 24/06/2009
Office projects continue to mushroom despite experts’ warnings about an oversaturated office market.Developers are banking on post-crisis increased demand for office space Sacombank subsidy Sacomreal recently got the $3.84 million Generalimex Building project off the ground in Ho Chi Minh City’s District 1 which will add 3,829 square metres of office space to the market when completed next year.Sacomreal vice general di... |
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[2009-06-24] FDI prospects not looking bad, says official
FDI prospects not looking bad, says official
Thứ Tư, 24/06/2009
Vietnam is likely to attract more billion-dollar FDI projects in the second half of the year, Phan Huu Thang, head of the Foreign Investment Department of the Ministry of Planning and Investment tells Sai Gon Giai Phong in this exclusive interview on June 22.Reporter: Sir, the updated foreign direct investment figures for 2008 that have just been released are different from those reported at the end of last ... |
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[2009-06-24] SBV says credit growth to slow down
SBV says credit growth to slow down
Thứ Ba, 24/06/2009
The State Bank of Vietnam has predicted that total outstanding loans in June will increase by three percent only, lower than the four percent growth rate in May and five percent in April. While joint-stock banks believe that they will see breakthroughs in credit growth rates from now to the end of the year as the national economy has become stabilised and capital demand has increased again, the central bank believes that credi... |
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[2009-06-23] Low-income earners cannot afford houses due to tough lending
Low-income earners cannot afford houses due to tough lending
Thứ Ba, 23/06/2009
Low priced apartments are being sold by some realtors at some VND10 million a square meter and banks are offering loans of up to 70 percent of the apartment’s value. It seems to be a good opportunity for low income earners to own an apartment, but reality shows that many are struggling to buy homes.Low priced apartments are being sold by some realtors at some VND10 million a square meter... |
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[2009-06-23] Crisis puts squeeze on hotel industry
Crisis puts squeeze on hotel industry
Thứ Ba, 23/06/2009
The hotel industry in Viet Nam last year faced a turbulent period because or the global financial crisis, according to a recent survey conducted by the accounting and consulting firm Grant Thornton Viet Nam.The annual survey, the sixth edition of the only comprehensive study on high-end hotels and resorts in Viet Nam, covered 7,911 rooms across 50 three - to five-star hotels and resorts operating throughout the coun... |
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[2009-06-23] FDI flow into Vietnam falls 74% in HI
FDI flow into Vietnam falls 74% in HI
Thứ Ba, 23/06/2009
The flow of foreign direct investment (FDI) into the country in the first half of this year fell by a sharp 74% year-on-year to some US$8.8 billion, according to the Ministry of Planning and Investment's Foreign Investment Agency.The agency said that fresh FDI committed in new projects totaled only US$4.7 billion, plus US$4.1 billion injected into 68 operational projects in the year to date.The service sector fares ... |
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[2009-06-23] On the way back to real value
On the way back to real value
Thứ Ba, 23/06/2009
The fall in property prices has continued over the past three weeks as lackluster demand has shown no signs of improvement. In some places in HCMC, prices have declined over 60% while the market in and around Hanoi has seen a drop of 15-25% from the fourth quarter last year.Experts have forecast a further fall over the next two months. But the market is expected to shy from bubble prices and return to where real value for p... |
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[2009-06-22] Domestic gold price increases by VND20,000 a tael
Domestic gold price increases by VND20,000 a tael
Thứ 2, 22/06/2009
The domestic gold prices on June 22 saw a slight increase by VND20,000 a tael against the previous week’s prices.
This morning, Saigon Jewelry Holding Company (SJC) listed its buying and selling prices in Hanoi at VND20.92 million and VND21.00 million a tael respectively. Accordingly, both buying and selling prices went up by VND20,000 a tael compared to the prices last week. Last week, domestic gold prices continuo... |
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[2009-06-19] Overseas Vietnamese can buy house as of September 1
Overseas Vietnamese can buy house as of September 1
Bridge – The National Assembly on June 18 approved two amended articles on the ownership of house and the land use right of overseas Vietnamese in Vietnam.
According to Article 126 of the Housing Law and Article 121 of the amended Land Law, overseas Vietnamese who have Vietnamese nationality; overseas Vietnamese who invest in Vietnam; scientists, culturists and experts in the fields that Vietnam needs, who are working in Vietnam and al... |
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[2009-06-16] Real estate market report (June 5th, 2009 – June 11th, 2009) The property market is
Real estate market report (June 5th, 2009 – June 11th, 2009) The property market is “hot” again
(Listed Jun 16, 2009)
The past two months, the stock market made people looking back on the late 2007’s scenario, which bounced the property price to high levels.Project land prices soar stronglyIn HCM City last week, fluctuations of project land prices, in the Sai Gon new urban area, were recorded each day. From mid-May until now, land prices increased by 20-30%. Not only pr... |
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[2009-06-16] Vietnam's biggest shopping center inaugurated
Vietnam's biggest shopping center inaugurated
(Listed Jun 16, 2009)
The Garden, the largest commercial center in Vietnam, was opened last week at My Dinh urban area in Hanoi City.The shopping center covers 27,000 square meters with 160 booths displaying and selling well-known brands such as Gucci, Carrier, and Hugo Boss. It has three underground stories, two for parking 3,000 bikes and 200 automobiles and one for a supermarket.The project also includes five stories as a retail center and 18 st... |
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