real estate

Update news real estate

The real estate market in 2013 as seen by foreign consultancy firms

Foreign consultancy firms all believe that the real estate market would still be very difficult in 2013, while the prices would continue decreasing.

BUSINESS IN BRIEF 15/2

Building material industry needs support to overcome economic difficulties; Free chat software market heats up with competition; Viet Nam becomes largest investor in Laos

Banks believed to not let real estate firms die

Commercial banks have been trying to keep real estate firms alive, because if the firms go bankrupt, banks would suffer.

BUSINESS IN BRIEF 6/2

Businesses in frenzy to complete orders for Tet; Overseas remittances pour into real estatel; State-owned firms under public scrutiny; Shrimp export up five-fold in Bac Lieu

Very hard to break the frozen estate market, says minister

VietNamNet Bridge - Answer the questions of National Assembly deputies at the hearing on January 24, Minister of Construction--Trinh Dinh Dung, affirmed that removing difficulties for the real estate market is very difficult.

BUSINESS IN BRIEF 20/1

Property firms hit the wall; Push into S Korea needs support; Amata Vietnam joins Thai bourse; Southern agricultural producers get new VietGap certificate; Preferential tariffs – a boon for exporters; EVN forced to buy power from China

BUSINESS IN BRIEF 19/1

Fund to help track development goals; Gov’t gets tough on State business equitisation; Cash to dominate real estate market in 2013; Largest tourist complex to open; Ministry may import eggs to meet demand for Tet

BUSINESS IN BRIEF 13/1

MARD suggests changing import laws; ‘Zombies' thrive in Viet Nam; 2012 auto sales at 93,000 units; Small traders get training for better competitiveness; Many SOEs in HCM City have debts tripling chartered capital

BUSINESS IN BRIEF 4/1

Industrial production index sees positive signs; Seaports are busy on first day of 2013; PetroVietnam pledges to continue East Sea oil extraction; Remittances to reach USD11 billion; C.T Group enters retail industry with first supermarket

Vietnam strives for higher growth rate, lower inflation rate

The government has vowed to obtain a higher GDP growth rate in 2013 and lower inflation rate than in 2012. However, economists keep doubtful about the feasibility of the plan.

Prime Minister delivers warning to former EVN chairman

 VietNamNet Bridge – Prime Minister Nguyen Tan Dung has decided to give a warning to former chairman of Electricity of Vietnam (EVN), Dao Van Hung, for big losses of the group’s subsidiary EVN Telecom.

BUSINESS IN BRIEF 26/12

Senior managers of Ethanol Plant absconding, leave huge debts;  Mekong Delta flower business blooms; Slight December CPI increase in major cities; Big banks and groups to be audited next year; New ATM fees to burden cardholders

SBV promises bailout, real estate developers bubble over with joy

Real estate developers have sighed with relief after relevant ministries agreed to pump money into the frozen real estate market to rescue it.

Banks rush to disburse money for real estate projects

VietNamNet Bridge – The recent moves by commercial banks of lending more capital to estate projects have brought high hopes to investors. However, analysts say the “exit door” remains too narrow for them.

BUSINESS IN BRIEF 11/12

Bad debts stunting Vietnam’s economic growth; Enterprises start to stop depending on banks;  Hanoi, HCM City to announce property price index; Mongolia, VN recognizes market economy

BUSINESS IN BRIEF 7/12

Industry still leading tax contributor; Central growers fear damaging drought; Banks move on soft home loans; Fake goods pose economic and health risks; Rice output estimated at 43.7 mln tones in 2012; PPP likely brings in $80 billion in decade

Despite big difficulties, multi-billion dollar projects still wait in line

VietNamNet Bridge – The year 2013 is believed to be the suitable time for starting up new urban area projects.

Foreign contractors under the microscope

 VietNamNet Bridge – Foreign contractors will face stricter scrutiny in the coming times as authorities aim to limit delays in a range of projects.