Vietnam News

Ways out for apartment sale in tough times

Though the real estate market is said to be frozen, apartment projects with affordable prices still find customers. The project owners that comprehend the market demand continue to launch new projects and obtain success. Launching products Statistics of Jones Lang LaSalle Vietnam show that the number of apartments put up for sale is on the...

Posted date: Thu, 30 Aug 2012 - From: Real Estate News

Indochina Plaza Hanoi opens on Friday

The shopping center Indochina Plaza Hanoi (IPH) at 241 Xuan Thuy Street, Cau Giay District in Hanoi will open on Friday. Richard Leech, managing director of CBRE, representing the project management board said that the occupancy rate of IPH was 77%. At present, 88% of the stores are in preparation for the opening day. IPH allocates...

Posted date: Thu, 30 Aug 2012 - From: Real Estate News

Poor auto sales see tax figures spin out

Plummeting auto sales and imports have smashed tax figures. The Customs Department in Haiphong port city was assigned to raise VND53.2 trillion ($2.53 billion) worth in taxes this year, with VND47.2 trillion ($2.24 billion) coming from Haiphong area alone. However, the first seven months witnessed just 35 per cent of the assigned...

Posted date: Thu, 30 Aug 2012 - From: Automotive News

PMC chosen as SouthTowers operator

Property firm PMC has been appointed by Nova Real Estate Investment Corp. (Novaland) as operator of the SouthTowers apartment buildings in the residential complex Sunrise City in HCMC’s District 7. The US$500-million Sunrise City consists of 12 apartment buildings of 31-35 stories, classified into NorthTowers, SouthTowers and Central...

Posted date: Thu, 30 Aug 2012 - From: Real Estate News

Million dollar homes still up for sale

Large houses in inner-city districts of Hanoi are being offered for sale online at tens or even hundreds of billions of VND. According to major real estate trading websites, the districts of Hoan Kiem and Ba Dinh are home to some of the most expensive houses available. In Ba Dinh District, prices vary from a five-floor 70 square metre...

Posted date: Thu, 30 Aug 2012 - From: Banking News

Expert speaks against unhealthy banking acquisition

Economic uncertainty creates is a prime time for merger and acquisition (M&A) deals in the banking industry, said an industry expert. The world has witnessed many recent M&A deals, which can take place within a country or across international borders, among financial institutions and banks of various scales, Dinh Tuan Minh of the Center for...

Posted date: Thu, 30 Aug 2012 - From: Banking News

Letting credit take root

Banks are mulling tapping agriculture and rural areas’ potential to bolster credit growth. The State Bank envisages making public a new regulation covering credit organisation network expansion next month. Accordingly, local banks are encouraged to spread their arms to rural and remote areas. Around 60 per cent of banks, bank branches and...

Posted date: Thu, 30 Aug 2012 - From: Banking News

DongA bank participates in IFC’s financial support

The DongA Commercial Joint Stock Bank (DongA Bank) will join the International Finance Corporation (IFC) in a joint global financial support programme to help businesses access more capital. Under the contract signed between the two sides in Ho Chi Minh City on August 29, IFC will provide a guarantee worth 20 million USD to DongA Bank to ensure...

Posted date: Wed, 29 Aug 2012 - From: Banking News

Global interbank payments up 13%

International payments from Vietnam via SWIFT had increased by 13 per cent a year, it was announced yesterday during the annual seminar o­n the Society for World-wide Interbank Financial Telecommunication. The seminar aimed to provide latest information about SWIFT’s performance and discuss the upcoming Singapore Inter-Bank Offered Rate 2012...

Posted date: Wed, 29 Aug 2012 - From: Banking News

Developer delists bonds in Singapore

HCM CITY — Hoang Anh Gia Lai Group (HOSE: HAG) has delisted US$90 million in its international bonds from the Singapore Exchange (Stock Trading) to reduce costs. HAG was the first company in Viet Nam to have its bonds listed on an overseas exchange, and the withdrawal may give a negative impression to international investors. According to...

Posted date: Wed, 29 Aug 2012 - From: Stock News