The Business Times: Why real estate is ready to rebound

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• Why real estate is ready to rebound
• Mai Chau enters American Top 10 tourism list
• Vietnam invests in largest sugar project in Cambodia
• Tax cuts boost small-car sales
• New finance minister aims to balance budget
• Market rallies as VAMC moves ahead
• Businesses live in the fear for electricity price increases
• VTV – Viettel great war kicks off
• High duties push up fuel retail prices
• Hydropower plants in central Vietnam thirst

Why real estate is ready to rebound Posted: 26 May 2013 10:08 PM PDT Attorney Trinh Van Quyet, chairman of  FLC Group, is predicting that the property market will soon bounce back with the blossoming of new   investment approaches. Vietnam's property market has never undergone such large, long-lasting difficulties as it is now. The property crunch has badly affected all sectors in the economy. At present, property price has [...]

Mai Chau enters American Top 10 tourism list Posted: 26 May 2013 10:05 PM PDT Mai Chau, a small town in the northern province of Hoa Binh was named by the US Business Insider as among the top ten incredible places for cultural tours. The magazine described Mai Chau as a wonderful destination if visitors are interested in a deeper experience of Vietnam with a warm and welcoming population and [...]

Vietnam invests in largest sugar project in Cambodia Posted: 26 May 2013 10:04 PM PDT (VOV) – The largest complex of sugarcane, ethanol and thermal power plants in Cambodia was inaugurated in Okrieng commune, Sombour district, Kratie province on May 26. Addressing the ceremony, Cambodia's Deputy Prime Minister Yim Chay Ly emphasized that the complex inauguration in Kratie was the outcome of the initiative between the two Prime Ministers of [...]

Tax cuts boost small-car sales Posted: 26 May 2013 10:03 PM PDT HA NOI (VNS)— Car manufacturers in Viet Nam are rolling out small cars at reasonable prices in an effort to speed up the market. The trend follows a draft plan to develop the Viet Nam automobile industry by 2020 with a vision to 2030 by cutting consumption tax and ownership registration fees by 50 per [...]

New finance minister aims to balance budget Posted: 26 May 2013 10:01 PM PDT HA NOI (VNS)— Newly-appointed Minister of Finance Dinh Tien Dung has said that finance authorities would continue with tight fiscal policies to stabilise the economy, control inflation and accelerate growth. In what his termed “a major direction” for coming months, he said top priorities were to balance State budget revenues and spending, intensify fiscal discipline [...]

Market rallies as VAMC moves ahead Posted: 26 May 2013 10:01 PM PDT HA NOI (VNS)— The market was buoyed by general confidence and the information that the national asset management corporation (VAMC) would be officially operational in July with shares showing robust growth on both stock exchanges last week. The benchmark VN-Index on the HCM City Stock Exchange gained a cumulative 2.6 per cent during the week, [...]

Businesses live in the fear for electricity price increases Posted: 26 May 2013 09:58 PM PDT Businesses have been warned that the electricity price would be raised one or two times at least in 2013. From April 20, 2013, the price of coal to be sold to power plants would be equal to 100 percent of the 2011's coal production cost and to 84 percent of the 2013's cost. Deputy General [...]

VTV – Viettel great war kicks off Posted: 26 May 2013 08:30 PM PDT The green light has turned on for Viettel,a telecom group, to jump into the pay-TV market. From now on, the pay-TV market would be  scorching hot, while the 90 million Vietnamese people would become the subjects for pay-TV service providers to scramble for. SCTV now holds 40 percent of the pay-TV market, VTV cab 30 [...]

High duties push up fuel retail prices Posted: 26 May 2013 08:30 PM PDT HCMC – The average price of finished fuel products imported by wholesalers is now much lower than this time last year, but fuel retail prices are more exorbitant because of high import tariffs. Over 70,700 tons of petrol worth more than US$67 million was imported in the first half of May. On average, the price [...]

Hydropower plants in central Vietnam thirst Posted: 26 May 2013 08:29 PM PDT HCMC – Water levels of many hydropower reservoirs in central provinces have continued to decline and affected the power generation with some plants running at only one-fourth capacity. Speaking to the Daily early this week, Hoang Anh Tuan, deputy general director of Vinh Son-Song Hinh Hydropower Company in Binh Dinh Province, said that the water [...]

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