The Business Times: Tight-fisted fund fails to boost realty market

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• Tight-fisted fund fails to boost realty market
• ‘Developers unable to sell property should be spared penal land tax’
• Vietnam, China aim for US$60 billion trade
• Auto sales enjoy sharp September rise
• Key highway project seeking new investors
• Coffee prices soar all of a sudden, Vietnamese stay immovable
• Accessibility key to property problems
• HCMC-Nhon Trach road kicks off at US$400 million cost

Tight-fisted fund fails to boost realty market Posted: 13 Oct 2013 12:24 AM PDT While the Government is speeding up loan disbursement to help solve difficulties of the real estate market, many enterprises said that the loans, which are provided in dribs and drabs, will fail to revive the market soon. Speaking at the seminar in HCMC on Tuesday, Vinh Nguyen, representative of the U.S. National Association of Realtors [...] The post Tight-fisted fund fails to boost realty market appeared first on Vietnam Business News.

‘Developers unable to sell property should be spared penal land tax’ Posted: 13 Oct 2013 12:24 AM PDT The government should consider slapping a planned punitive land tax on delayed property projects strictly on a case-by-case basis The government should consider slapping a planned punitive land tax on delayed property projects strictly on a case-by-case basis, using it only to limit speculation and not penalizing developers unable to sell their properties, Pham Sy [...] The post 'Developers unable to sell property should be spared penal land tax' appeared first on Vietnam Business News.

Vietnam, China aim for US$60 billion trade Posted: 13 Oct 2013 12:19 AM PDT Vietnamese Trade Counselor to China Bui Huy Hoang expects two-way trade turnover between the two nations to hit US$60 billion by 2015. Hoang confirmed China is currently Vietnam's largest trade partner, while Vietnam is one of China's most important trade partners within the ASEAN bloc. Bilateral economic and investment ties have proliferated continuously, with two-way [...] The post Vietnam, China aim for US$60 billion trade appeared first on Vietnam Business News.

Auto sales enjoy sharp September rise Posted: 13 Oct 2013 12:16 AM PDT The Vietnam Automobile Manufacturers' Association (VAMA) reports the domestic auto industry sold 9,785 units in September, a 24% improvement on August and 28% more than a year earlier. The VAMA said September's auto sales were the highest figure since the beginning of the year. Revenue from cars rose 32% and from trucks 19%, compared to [...] The post Auto sales enjoy sharp September rise appeared first on Vietnam Business News.

Key highway project seeking new investors Posted: 13 Oct 2013 12:15 AM PDT  Developer Geleximco has been granted permanent leave from a build-transfer model highway linking Hanoi with localities in the northwest. Notably, Deputy Prime Minister Hoang Trung Hai, as well as other officials green lighted the withdrawal of Hanoi Export Import Joint Stock Company (Geleximco) from the Hoa Lac-Hoa Binh expressway. Hai also agreed to a proposal [...] The post Key highway project seeking new investors appeared first on Vietnam Business News.

Coffee prices soar all of a sudden, Vietnamese stay immovable Posted: 13 Oct 2013 12:12 AM PDT The robusta price has increased so sharply since the new 2013-2014 crop began. However, Vietnamese exporters cannot take full advantage of the opportunity to boost exports and make money. Prices escalate suddenly After losing nearly $150 dollar per ton in September, or the last month of the 2012-2013 crop, the robusta price in London unexpected [...] The post Coffee prices soar all of a sudden, Vietnamese stay immovable appeared first on Vietnam Business News.

Accessibility key to property problems Posted: 13 Oct 2013 12:00 AM PDT Public policies promoting home ownership and real estate investment are not tampered with and remain in place to nurture the market, which is recovering but still fragile, stated the US’s National Association of Realtors’ spokesperson in Viet Nam. Vinh Nguyen, the NAR president”s liaison in the country, was speaking at a seminar held by the [...] The post Accessibility key to property problems appeared first on Vietnam Business News.

HCMC-Nhon Trach road kicks off at US$400 million cost Posted: 13 Oct 2013 12:00 AM PDT The project to build a road linking HCMC with Nhon Trach in Dong Nai Province will be kicked off next year with investment of around US$400 million, according to a source from the HCMC Department of Transport. Having an estimated length of over 28 kilometers, the road will start at the Tan Van area, cross [...] The post HCMC-Nhon Trach road kicks off at US$400 million cost appeared first on Vietnam Business News.

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