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Update news real estate
Foreign consultancy firms all believe that the real estate market would still be very difficult in 2013, while the prices would continue decreasing.
Building material industry needs support to overcome economic difficulties; Free chat software market heats up with competition; Viet Nam becomes largest investor in Laos
Commercial banks have been trying to keep real estate firms alive, because if the firms go bankrupt, banks would suffer.
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
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.
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
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
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
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
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.
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.
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
Real estate developers have sighed with relief after relevant ministries agreed to pump money into the frozen real estate market to rescue it.
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.
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
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
VietNamNet Bridge – The year 2013 is believed to be the suitable time for starting up new urban area projects.
VietNamNet Bridge – Foreign contractors will face stricter scrutiny in the coming times as authorities aim to limit delays in a range of projects.