The Business Times: Bao Viet Bank guarantees high rise apartment purchases

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• Bao Viet Bank guarantees high rise apartment purchases
• Can Tho realty awaiting capital support
• Experts support corporate deposit interests tax
• Coffee bean price continues to plummet
• VN car industry still stuck in reverse
• Russia-Vietnam trade to hit US$20 bil by 2020
• 15 foreign investors eye Dau Giay-Phan Thiet expressway
• To settle FDI consequences, Vietnam needs to amend laws

Bao Viet Bank guarantees high rise apartment purchases Posted: 25 Aug 2013 12:19 AM PDT Bao Viet Bank announced on Wednesday that it would lend customers who buy apartments at the Ha Dinh Tower 70 per cent of each apartment’s value for 15 years. The programme came from co-operation between the bank and the Investment 135 Joint Stock Co, the project’s investor. The bank undertook to refund all money paid [...] The post Bao Viet Bank guarantees high rise apartment purchases appeared first on Vietnam Business News.

Can Tho realty awaiting capital support Posted: 24 Aug 2013 11:48 PM PDT The property market in Can Tho, the economic center of the Mekong Delta, is still facing difficulties as both individuals and companies have not been able to access the VND30 trillion housing credit package launched by the Government. Many commercial housing projects in Can Tho seeking permission for conversion into low-cost homes are still awaiting [...] The post Can Tho realty awaiting capital support appeared first on Vietnam Business News.

Experts support corporate deposit interests tax Posted: 24 Aug 2013 11:41 PM PDT Many experts have backed the Ministry of Finance’s controversial proposal to levy taxes on corporate deposit interest. In an act to amend the corporate income tax law, the ministry has expanded the list of taxable income. According to the proposal, the government will levy tax on the deposit interest and even the lending interest of [...] The post Experts support corporate deposit interests tax appeared first on Vietnam Business News.

Coffee bean price continues to plummet Posted: 24 Aug 2013 11:38 PM PDT The price of coffee beans in the central highland provinces has continued to fall in the past month to VND37.8-38.3 million per ton as foreign news agencies predict a bumper harvest this year. As of now, the price of coffee bean has dropped by VND1,000 per kilogram compared to that in mid-June, and nearly VND7,000 [...] The post Coffee bean price continues to plummet appeared first on Vietnam Business News.

VN car industry still stuck in reverse Posted: 24 Aug 2013 11:23 PM PDT Vietnam’s automobile industry has failed to reach its objective of selling cars at prices to suit Vietnamese pockets. The remark was made by the Director of the Industry and Trade Ministry’s Heavy Industry Department, Nguyen Manh Quan. Prices were still high compared with those in other regional countries, Quan said at an online seminar held [...] The post VN car industry still stuck in reverse appeared first on Vietnam Business News.

Russia-Vietnam trade to hit US$20 bil by 2020 Posted: 24 Aug 2013 10:53 PM PDT Deputy Russian Economic Development Minister Aleksei Likhachev has said  he has every confidence Russia and Vietnam will lift two-way trade turnover to US$20 billion by 2020. Likhachev was speaking in an interview granted to Russia's ITAR-TASS News Agency on August 23 during his ongoing visit to Vietnam. He credits his confidence to the two countries' [...] The post Russia-Vietnam trade to hit US$20 bil by 2020 appeared first on Vietnam Business News.

15 foreign investors eye Dau Giay-Phan Thiet expressway Posted: 24 Aug 2013 09:09 PM PDT At least 15 foreign investors will attend a preliminary screening meeting for the Dau Giay-Phan Thiet expressway project scheduled for September 19, the authority for public-private partnership (PPP) projects under the Ministry of Transport said. As of now, 15 foreign investors have already put their names down for the preliminary screening meeting. Some 100 foreign [...] The post 15 foreign investors eye Dau Giay-Phan Thiet expressway appeared first on Vietnam Business News.

To settle FDI consequences, Vietnam needs to amend laws Posted: 24 Aug 2013 08:59 PM PDT Vietnam now takes the consequence of the period of trying to attract foreign direct investment (FDI) at any cost. However, the legal framework is not clear enough to do this. Legal loopholes bring bad consequences The Ministry of Planning and Investment (MPI) has reported that the number of escaped foreign invested enterprises (FIEs) has been [...] The post To settle FDI consequences, Vietnam needs to amend laws appeared first on Vietnam Business News.

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