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[2010-06-04] Just park the boat over there by the villa
Just park the boat over there by the villa
(Listed Jun, 04, 2010)
Big real estate developers in HCM City are now building pleasure boating facilities into their new riverside housing projects, according to a report in Dau tu Chung Khoan. Before too long, it seems, the rivers and canals of the southern metropolis may come alive with pleasure boats as well as waterbuses. The developer of the high-rise Saigon Pearl project has begun construction of a 400 billion dong ($210,000) marina and a yach... |
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[2010-06-03] Some European property markets, face chance of double dip as they are still overval
Some European property markets, face chance of double dip as they are still overvalued
(Listed Jun, 03, 2010)
Real estate markets in Europe are showing sings of pulling out of the economic decline but experts warn of the dangers of a double dip. With the exception of Ireland, the price slump has slowed in many countries, including France, Italy, Spain and the Netherlands, according to the European Housing Market report from Standard & Poor’s. ‘We’re seeing some signs of h... |
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[2010-06-03] Property sales slump in three Chinese cities as tough market cooling measures takes
Property sales slump in three Chinese cities as tough market cooling measures takes effect
(Listed Jun, 03, 2010)
Property sales in three major Chinese cities fell by as much as 70% in May as developers delayed sales in the face of the government’s tightening measures aimed at cooling the real estate market.Figures published by the Shanghai Securities News show that property sales fell almost 70% in Beijing, by 70% in Shanghai and by 62% in Shenzen. It is the first firm indication that c... |
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[2010-06-03] Deputies turned off by housing tax
Deputies turned off by housing tax
(Listed Jun, 03, 2010)
The 12th National Assembly has decided, at its ongoing seventh session, not to impose a property tax on homeowners. According to the National Assembly’s Standing Committee, most deputies did not agree with imposing property taxes on homeowners. “After careful consideration and discussions over opinions from National Assembly deputies and the public, the Standing Committee agrees that housing taxes should not be imposed now,&... |
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[2010-05-31] Key office projects set to up the ante
Key office projects set to up the ante
(Listed May, 31, 2010)
The competition in the high-end office segment in western Hanoi will become stiffer over the next two years. The change will be sparked by Keangnam Hanoi Landmark Tower and Charmvit’s Grand Plaza coming online. Peter Dinning, general director of Colliers International Vietnam, said that by the end of 2011, the total supply of office space in Hanoi would reach 1.2 million square metres. Of this, 94,000sqm of Keangnam’s p... |
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[2010-05-31] Price gap between local, imported steel hard to narrow, says official
Price gap between local, imported steel hard to narrow, says official
(Listed May, 31, 2010)
It might be hard to narrow a gap between prices of local and imported steels due to poor production of local steel makers, has said Nguyen Tien Nghi, vice chairman of the Vietnam Steel Association (VSA). He said local products bear high cost due to multi-level distribution systems and technologically backward production lines. Local steel producers have imported mostly old machines and technology so th... |
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[2010-05-31] Nearly VND1.5 trillion to build tunnel, overpass in Thu Duc crossroad
Nearly VND1.5 trillion to build tunnel, overpass in Thu Duc crossroad
(Listed May, 31, 2010)
The Ho Chi Minh City Department of Transport has just ratified an initial report on a project to build tunnel and overpass in Thu Duc intersection in HCM City at a cost of VND1.466 billion (US$77 million). As planned, the tunnel will run along Hanoi Highway, and have a length of 80 meters and eight lanes. The overpass will be 370 meters long and have four lanes. The traffic-circle will be 40 meters in ... |
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[2010-05-28] Banks quietly raise deposit interest rates
Banks quietly raise deposit interest rates
(Listed May, 28, 2010)
Without making the deposit increases public with prominent banners on websites or through advertising, some commercial banks have quietly raised their rates. Kien Long Bank website still stated that the highest interest rate for 1-12 month term deposits is 11.6 percent per annum. However, if depositors come directly to a bank branch, they can enjoy interest rates of 12.5 percent. The 0.9 percent additional interest rate is calle... |
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[2010-05-28] Five-month FDI disbursement hits US$4.5 billion
Five-month FDI disbursement hits US$4.5 billion
(Listed May, 28, 2010)
Capital disbursement in foreign invested projects rose by 7.1 percent in the first five months of 2010 to US$4.5 billion, the Foreign Investment Agency (FIA) has reported. During the reviewed period, the country licensed 360 new foreign direct investment (FDI) projects, with a combined registered capital of US$7.1 billion, a year-on-year increase of 40 percent, said the FIA under the Ministry of Planning and Investment. How... |
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[2010-05-28] Glut looms large in steel market
Glut looms large in steel market
(Listed May, 28, 2010)
The local steel market is seen facing a critical glut over the next few days as three new large-scale steelmakers will start production from early June, prompting supply to far outpace demand, said a Vietnam Steel Association official. Nguyen Tien Nghi, vice chairman of the association, told the Daily on Tuesday the market would see an additional output of one million tons, taking the total local supply to eight million tons against the ... |
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[2010-05-27] Work begins on new projects in Vung Ang Economic Zone
Work begins on new projects in Vung Ang Economic Zone
(Listed May, 27, 2010)
Construction of the Loi Chau Trade Centre and the Phu Vinh Industrial-Urban-Service Complex got underway in the Vung Ang Economic Zone in the central province of Ha Tinh on May 24 and 25. The Loi Chau trade centre, which includes a hotel, offices for lease, a swimming pool and entertainments has investment capital of US$50 million. It covers an area of 35 hectares and is expected to be put into operation by the third ... |
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[2010-05-27] Lack of management blamed for high real estate prices
Lack of management blamed for high real estate prices
(Listed May, 27, 2010)
Property prices in Vietnam have grown out of proportion and far above their real value as the market has not been managed properly, a group of government advisors have said in a report. According to the report, which has been sent to Deputy Prime Minister Hoang Trung Hai, the local real estate market has been left uncontrolled. Many homebuyers now accept any prices and conditions offered to them due to insufficient in... |
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[2010-05-27] Vinalines upgrading Cam Ranh Port
Vinalines upgrading Cam Ranh Port
(Listed May, 27, 2010)
Vietnam National Shipping Lines (Vinalines) held a groundbreaking ceremony for the upgrade of Cam Ranh Port in the central coastal province of Khanh Hoa on May 26. The VND520 billion (US$26 million) project funded by Vinalines includes a new wharf, 240 meters long and 30 meters wide, which can receive ships of up to 50,000 DWT. The renovation covers an area of more than 18 hectares and focuses on investing in new equipment at the port su... |
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[2010-05-26] Hanoi’s old quarter is uneasy to decide what needs upgrading
Hanoi’s old quarter is uneasy to decide what needs upgrading
(Listed May, 26, 2010)
Vietnam until now has not found proper methods to restore Hanoi as the local authorities have not identified what are eligible to be restored in the old quarter. The case has even been researched and discussed by more than 20 countries, said Dao Ngoc Nghiem, former head of Hanoi City’s Planning and Architecture Department, at the international forum Sharing Experience on Restoring Old Cities: Genova... |
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[2010-05-26] Express rail project will increase national debt burden
Express rail project will increase national debt burden
(Listed May, 26, 2010)
“In the context of a national debt burden already 39 percent of GDP, this business of borrowing to invest in the [express rail] project will significantly increase our national debt,” emphasized the chairman of the National Assembly’s Science-Technology and Environment Committee, Dang Vu Minh, on May 20. Declaring that the work of building an express railway is essential, meets the requirements of... |
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