The Business Times: Stimulus package offers hope to the property market

---

• Stimulus package offers hope to the property market
• House purchasing loans still waits for criteria on “poverty line”
• Stock brokers pleased by longer trading hours in Vietnam
• Metro Line 2 ‘large-scale’ next year
• Heavy cost burdens hindering export
• Egypt tours suspended over unrest
• More summer flights launched
• No fluctuation in deposits despite ceiling rate cut
• Online game management tight, but inefficient
• Vietnam expected to export 7.5 mln tonnes of rice

Stimulus package offers hope to the property market Posted: 07 Jul 2013 12:28 AM PDT It is necessary to offer preferential loans to more types of customers, rather than focusing primarily on low-income people, an official said. Tran Du Lich, member of the National Financial and Monetary Policy Advisory Council, further explained the problem in an interview about the VND30 trillion (USD1.4 billion) real estate rescue package. The disbursement of [...] The post Stimulus package offers hope to the property market appeared first on Vietnam Business News.

House purchasing loans still waits for criteria on “poverty line” Posted: 07 Jul 2013 12:28 AM PDT The Ministry of Construction has not made public the standards to define who the low income earners are, so it is difficult for banks to grant house-purchasing loans to this subject. In the past month, as required by the banks, the borrowers have to prepare a lot of documents in order to get loans to [...] The post House purchasing loans still waits for criteria on "poverty line" appeared first on Vietnam Business News.

Stock brokers pleased by longer trading hours in Vietnam Posted: 07 Jul 2013 12:25 AM PDT Stock brokers in Vietnam welcomed the market regulator's decision to extend trading hours at the country's two stock exchanges, hoping that the move will increase trading activity in a market that has largely fallen off international investors' radar From July 22, the stock exchange in Ho Chi Minh City, the country's business hub, will operate [...] The post Stock brokers pleased by longer trading hours in Vietnam appeared first on Vietnam Business News.

Metro Line 2 ‘large-scale’ next year Posted: 06 Jul 2013 10:04 PM PDT HCMC – Metro Line No. 2 in HCMC will be constructed on a large scale next year as the underground section of the project has secured a loan worth US$500 million from the Asian Development Bank (ADB). The loan agreement was signed on Thursday in HCMC and is the second loan given by the ADB [...] The post Metro Line 2 'large-scale' next year appeared first on Vietnam Business News.

Heavy cost burdens hindering export Posted: 06 Jul 2013 09:59 PM PDT HANOI – Vietnam's export performance should have been much better and more effective if the State could cope with infrastructure inadequacy, corruption and policy instability that aggravate cost burdens on exporters, heard a seminar on economic growth in Hanoi on Thursday. At the seminar held by the World Bank (WB) and the National Committee for [...] The post Heavy cost burdens hindering export appeared first on Vietnam Business News.

Egypt tours suspended over unrest Posted: 06 Jul 2013 09:47 PM PDT HCMC – Several travel companies in HCMC have temporarily stopped arranging tours to Egypt due to unrest there. Lien Bang Travelink, Saigontourist, TST Tourist and Ben Thanh Tourist have suspended Egypt tours. Some other companies still leave Egypt tours open but have attracted no bookings. "We have stopped receiving bookings, waiting for the situation to [...] The post Egypt tours suspended over unrest appeared first on Vietnam Business News.

More summer flights launched Posted: 06 Jul 2013 09:46 PM PDT HCMC – Many air carriers have launched more flights between big cities such as HCMC, Danang and Hanoi to meet the rising demand of passengers during summer. Low-cost air carrier Jetstar Pacific said on Thursday that it would launch 194 more flights with 35,000 additional seats using the Airbus A320 to meet the increasing demand [...] The post More summer flights launched appeared first on Vietnam Business News.

No fluctuation in deposits despite ceiling rate cut Posted: 06 Jul 2013 09:44 PM PDT HCMC – There has been no sharp fluctuation in bank deposits over the past week after the deposit rate cap was lowered. The ceiling interest rate for Vietnamese dong deposits with terms of one month to less than six months has been cut from 7.5% to 7%. There is no cap on the interest rates [...] The post No fluctuation in deposits despite ceiling rate cut appeared first on Vietnam Business News.

Online game management tight, but inefficient Posted: 06 Jul 2013 09:42 PM PDT HANOI – Online game developers and operators at a workshop in Hanoi on Thursday said online game controls in Vietnam were tight but not efficient. Le Hong Minh, general director of VNG, said Vietnam's controls on online games were stricter than any other country in the world. However, the way online games are overseen is [...] The post Online game management tight, but inefficient appeared first on Vietnam Business News.

Vietnam expected to export 7.5 mln tonnes of rice Posted: 06 Jul 2013 09:41 PM PDT The total volume of exported rice from Vietnam this year is estimated to reach 7.5 million tonnes, according to the Vietnam Food Association (VFA). The association has forecast that 2.2 million tonnes will be shipped abroad in the third quarter and 1.8 million in the fourth quarter. The VFA presented the figures during a July [...] The post Vietnam expected to export 7.5 mln tonnes of rice appeared first on Vietnam Business News.

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