The Business Times: Real estate market faces further challenges ahead

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• Real estate market faces further challenges ahead
• Foreign credit institutions encouraged to buy shares of Vietnamese credit institutions
• SBV says nearly 63m bank cards in use
• Vietnam aquatic product exports to hit $6.5bln in 2013: VASEP
• Thai Nguyen targets $5bn in FDI
• Electricity prices likely to rise by 22% in next 2 years
• Steel sector stymied by finance
• Auto sales skip a gear to drive through 7th straight month of growth
• Vietnam runs $13.2bln trade surplus with u.s in 9m/2013
• Exports to Malaysia jumps 16.4% yoy in 9m/2013

Real estate market faces further challenges ahead Posted: 14 Nov 2013 10:02 PM PST It is forecast that there will be many challenges for real estate businesses to overcome in the coming time. The Ho Chi Minh Construction Department says since the beginning of this year, more than 4,400 properties have been sold to reduce the real estate sector's inventory level by 30.62%). But as many as 10,053 houses [...] The post Real estate market faces further challenges ahead appeared first on Vietnam Business News.

Foreign credit institutions encouraged to buy shares of Vietnamese credit institutions Posted: 14 Nov 2013 10:00 PM PST SBV is now encourage foreign credit institutions to contribute capital to and buy shares of Vietnamese ones, especially weak ones for restructuring, local newswire Tri Thuc Tre reported citing a report by SBV's Governor to the National Assembly. Currently, a foreign bank has already expressed the interest in buying controlling stake in a weak joint-stock [...] The post Foreign credit institutions encouraged to buy shares of Vietnamese credit institutions appeared first on Vietnam Business News.

SBV says nearly 63m bank cards in use Posted: 14 Nov 2013 09:58 PM PST The number of bank cards in circulation nationwide reached 62.93 million at the end of the third quarter, rising 4.62 per cent from the previous period, according to the State Bank of Viet Nam. Domestic cards reached 57.23 million, up 4.26 per cent, and international cards hit 5.7 million, increasing 8.36 per cent. With the [...] The post SBV says nearly 63m bank cards in use appeared first on Vietnam Business News.

Vietnam aquatic product exports to hit $6.5bln in 2013: VASEP Posted: 14 Nov 2013 09:57 PM PST Vietnam's aquatic product exports are expected to hit $6.5 billion in 2013, making a year on year increase of 5% from 2012, thuongmai.vn reported, citing forecast of the Vietnam Association of Seafood Exporters and Producers (VASEP). In the fourth quarter of this year alone, the country is seen to earn $1.7 billion worth of aquatic [...] The post Vietnam aquatic product exports to hit $6.5bln in 2013: VASEP appeared first on Vietnam Business News.

Thai Nguyen targets $5bn in FDI Posted: 14 Nov 2013 08:13 PM PST The northern province of Thai Nguyen aimed to absorb US$5 billion in foreign direct investment (FDI) by the year-end, said provincial People’s Committee Chairman Duong Ngoc Long. In order to reach the goal, Long said the province would continue to perfect infrastructure with a focus on transport to increase its competitiveness and foster strong foreign [...] The post Thai Nguyen targets $5bn in FDI appeared first on Vietnam Business News.

Electricity prices likely to rise by 22% in next 2 years Posted: 14 Nov 2013 08:12 PM PST Retailed electricity prices are likely to rise by 22% in the next 2 years, according to the average retailed electricity frame approved by the Prime Minister Nguyen Tan Dung, vnexpress.net reported. The Prime Minister (PM) Nguyen Tan Dung has just approved the average retailed electricity price frame for 2013-2015 period, which came into force from [...] The post Electricity prices likely to rise by 22% in next 2 years appeared first on Vietnam Business News.

Steel sector stymied by finance Posted: 14 Nov 2013 08:09 PM PST The steel industry was struggling to get loans for projects to build new factories and upgrade existing facilities due to investor caution, said an official from the Viet Nam Steel Association (VSA). VSA Chairman Pham Chi Cuong said interest rates had fallen but steel enterprises were still having difficulty in accessing capital. Banks have agreed [...] The post Steel sector stymied by finance appeared first on Vietnam Business News.

Auto sales skip a gear to drive through 7th straight month of growth Posted: 14 Nov 2013 08:07 PM PST Viet Nam’s auto sales surged 29 per cent year-on-year in October, registering growth on 2012 figures for the seventh consecutive month, an industry group said on Tuesday. The Viet Nam Automobile Manufacturers Association (VAMA) said 10,282 vehicles were sold in October, with 4,031 cars and 6,251 trucks. In the first 10 months of the year, [...] The post Auto sales skip a gear to drive through 7th straight month of growth appeared first on Vietnam Business News.

Vietnam runs $13.2bln trade surplus with u.s in 9m/2013 Posted: 14 Nov 2013 08:05 PM PST Vietnam was estimated to have run $13.2 billion trade surplus with the United State of America (U.S) in the first 9 months of this year, thanhnien.com.vn reported, citing data from the General Department of Vietnam Customs. In details, the Southeast Asian country shipped $17.1 billion worth of goods to the U.S while it only spent [...] The post Vietnam runs $13.2bln trade surplus with u.s in 9m/2013 appeared first on Vietnam Business News.

Exports to Malaysia jumps 16.4% yoy in 9m/2013 Posted: 14 Nov 2013 08:04 PM PST Vietnam's exports to Malaysia were estimated to reach $3.76 billion in the first 9 months of this year, increasing 16.4% from a year ago, thuongmai.vn reported, citing data from the Trading agency of the Vietnam Embassy in Malaysia. Vietnam' key exports to the Malaysian market in the period are computers, electronic products and spare-parts ($882 [...] The post Exports to Malaysia jumps 16.4% yoy in 9m/2013 appeared first on Vietnam Business News.

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