Vietnam Business News

---

• Developers slash apartment prices
• Banks disagree on service fees, card holders suffer
• Real estate market takes long-term view
• Cashewnut processors set sights on exports
• Traders propose another petroleum price hike
• Smartphone, tablet sales on the rise

Developers slash apartment prices Posted: 11 Aug 2012 08:25 AM PDT Real estate developers in HCM City are cutting prices to promote sales of their apartments, especially in the mid-end segment. More customers have shown interest in buying apartments, but the trade volume has not increased much, particularly because of high selling prices. Thus, project owners have had to adjust their selling prices to lure customers. [...]

Banks disagree on service fees, card holders suffer Posted: 11 Aug 2012 08:23 AM PDT While small banks want to keep the inter-network cash withdrawal fee unchanged, big banks have been insisting on sharp increases. Meanwhile, the State Bank of Vietnam has turned the green light on the banks' plan to collect fees after many times of debarring banks from doing this The disagreement Commercial banks late last week were [...]

Real estate market takes long-term view Posted: 11 Aug 2012 08:22 AM PDT The domestic real estate market will continue to suffer difficulties in the short term and the market needs more policies to help it make a profit in the long term, said experts. “The segment of luxury apartments will continue to endure many difficulties until the end of this year and even throughout next year because [...]

Cashewnut processors set sights on exports Posted: 11 Aug 2012 08:20 AM PDT The price of processed cashewnuts for export is predicted to increase considerably in the remaining months of this year thanks to high demands and limited supplies, according to Vietnam Cashew Association (Vinacas). Over the past 10 days the market price rose 15 cents and 10-20 cents per kilogram in China and Australia, respectively, Vinacas Vice [...]

Traders propose another petroleum price hike Posted: 11 Aug 2012 08:19 AM PDT A number of petroleum wholesalers have been seeking the Ministry of Finance's approval for an increase of VND1,400 on petrol and a rise of VND600-800 per litre of oil. Dong Thap Petroleum Trading Company and SaigonPetrol proposed the rise of VND1,400 per litre of petrol and VND600-800 per litre of oil. The Vietnam National Petroleum [...]

Smartphone, tablet sales on the rise Posted: 11 Aug 2012 08:18 AM PDT The number of smartphone users in Vietnam will increase from the current 16 percent of mobilephone users to 21 percent by the end of this year. Meanwhile, the number of tablet users will increase to 5 percent from the current 2 percent. The world's leading telecom market researcher Ericsson ConsumerLab made known the figures after [...]

You are subscribed to email updates from Vietnam Business News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610