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Update news real estate
Vietnam, EFTA hold FTA negotiations; Largest poly-metallic mine to be operational soon; HAGL group builds airport in Laos; Dung Quat refinery imports 300th lot of crude oil
The government has every reason to encourage developing low cost housing projects. However, the overly high investments in the market segment may lead to the oversupply.
VietNamNet Bridge – The real estate community was all at wittering last week after learning that Vingroup (VIC) had transferred its upscale Vincom A Trade Centre in HCM City for VND 9.823 triillion (US$470 million).
Many property projects seek new investors; Firms remain hesitant about energy labeling; Interest rate cap for seafood, livestock, chicken breeders; Improving public investment efficiency
They are the leading brains who not only have influences to their businesses’ development, but also to the development of the country and the regional economies.
Door set to open for more foreign property buying; Mekong Delta pins hope on bumper rice crop; Making audit reports add up for firms; Ads on cell phones rising
Revealing real estate tricks of the trade; Measures to help businesses through crunch time; Spain supports Vietnam’s sustainable tourism; Improvement marked for labour export firms
VietNamNet Bridge – National Assembly deputies reviewed the country's socio-economic development plans and the 2012 State budget while also reviewing socio-economic development during the first months of 2013.
Buildbank, the commercial bank which aims to mobilize capital and lend money in the real estate and construction sector, has been formed up.
Foreign investors have been flocking to Vietnam to hunt for real estate projects, which is believed to help warm up the market. However, the market price would be forced down by 50 percent at least.
Mortgage loan for social housing touches 6%; VDB mobilises 4.45 trillion VND from guaranteed bonds; Ship yards go on with new orders; Hue plans to build VND 17 billion science-technology centre
VietNamNet Bridge – Arguments regarding property market development, the government’s supportive measures and market perspective were bandied about by scholars,
Since commercial banks have lowered the interest rates, depositing has become less attractive in the eyes of investors.
Used-car taxes to rise up to $800; VND30-trillion real estate bailout to take effect; Vietnam goods ‘need more support'; More electricity to national grid
The Cam Ranh peninsular, which is called the golden bay of Khanh Hoa province, has witnessed the “investment boom” when a lot of investors plan multi-million dollar projects there.
Incentives seek to attract rental housing investors; Opportunities in slumping real estate sector; 5bln USD funded for high-speed railway linking VN, Laos; Preferential credits give strength to poor households
Peugeot announces its return to Vietnam; PetroVietnam increases investment in Russia; Thua Thien - Hue lures investment to IZs; Hanoi welcomes 5.12 million visitors in Q1
Analysts, while forecasting the arrival of many foreign fast food chains in Vietnam, believe that the real estate market would warm up in the war among the chains for retail premises.
VietNamNet Bridge - Chairman of the Hanoi People's Committee – Mr. Nguyen The Thao – says that there are nearly 6,000 apartments in the city are unsold.
Only billionaires can hold the controlling stakes of a commercial bank. Meanwhile, Tram Be and his family members are now the biggest shareholders of two banks – Sacombank and Southern Bank.