The Business Times: Tra Vinh invites Japanese investors

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• Tra Vinh invites Japanese investors
• Austrian firm looks to cash in on Quang Ninh casino
• Nov 13: Vietnam gold continues easing to vnd36.4mln/tael, dollar stable
• NA approves state budget estimation for 2014
• Joint stock banks’ wound healing
• Banks worry about NPLs 5 years after selling to VAMC
• Expert: Home loan rate of 3% impossible
• Indochina Land invests in affordable housing project
• Go West
• Realty woes yet to hit Hanoi’s old quarters

Tra Vinh invites Japanese investors Posted: 12 Nov 2013 10:56 PM PST An investment promotion seminar was held in Ho Chi Minh City on November 12 to attract more Japanese investors to the Mekong Delta province of Tra Vinh. Tra Vinh always creates favourable conditions for foreign businesses, especially in infrastructure, human resources, and administrative procedures. It has a number of projects on support industry, agricultural product [...] The post Tra Vinh invites Japanese investors appeared first on Vietnam Business News.

Austrian firm looks to cash in on Quang Ninh casino Posted: 12 Nov 2013 10:53 PM PST Vienna-headquartered Casinos Austria, one of the largest casino operators in the world, has joined the list of foreign firms eager to invest in an integrated casino resort in Quang Ninh Province, which may become the first in the country to allow Vietnamese nationals to gamble. According to Quang Ninh People's Committee, Richard Lehner, senior advisor [...] The post Austrian firm looks to cash in on Quang Ninh casino appeared first on Vietnam Business News.

Nov 13: Vietnam gold continues easing to vnd36.4mln/tael, dollar stable Posted: 12 Nov 2013 10:50 PM PST This morning, Vietnam gold continued losing by around VND140,000/tael versus yesterday morning to VND36.4 million a tael. World gold lost more than 1% in New York trade last night but rebounded small gains in Asia trade this morning. Hochiminh was traded at VND36.34 million/tael for bid and VND36.40 million/tael for ask respectively as of 10:50 [...] The post Nov 13: Vietnam gold continues easing to vnd36.4mln/tael, dollar stable appeared first on Vietnam Business News.

NA approves state budget estimation for 2014 Posted: 12 Nov 2013 10:48 PM PST On November 12, the National Assembly of Vietnam approved targeted estimation for the country's 2014 budget with 87.95% votes , dddn.com.vn reported. Accordingly, members of NA approved the country's target of VND 782.7 trillion ($ 367.8 billion) worth of State budget revenues and VND 1,006.7 trillion ($473.1 billion) worth of budget expenditure  in 2014. The State [...] The post NA approves state budget estimation for 2014 appeared first on Vietnam Business News.

Joint stock banks’ wound healing Posted: 12 Nov 2013 10:46 PM PST The health of commercial banks is now at their best conditions, if compared with the other months of the year, according to the State Bank of Vietnam. After the plunge in January 2013, the total equity of joint stock banks had always been lower than their chartered capital until recently, when the upward trend is [...] The post Joint stock banks' wound healing appeared first on Vietnam Business News.

Banks worry about NPLs 5 years after selling to VAMC Posted: 12 Nov 2013 10:40 PM PST After selling NPLs to VAMC, banks still worry as they may have to get the NPLs back after 5 years, local newswire VEF reported. According to Dr. Le Xuan Nghia, a member of the Government Advisory Committee, the biggest difficulty in handling bad debts is how to sell them, especially to foreign investors. To successfully [...] The post Banks worry about NPLs 5 years after selling to VAMC appeared first on Vietnam Business News.

Expert: Home loan rate of 3% impossible Posted: 12 Nov 2013 10:36 PM PST Although the HCMC Department of Construction has suggested that lending rates from the VND30-trillion loan package should be slashed from 6% to 3% to support homebuyers, an expert from SBV said that the lending rate could never be that low. Nguyen Viet Manh, head of Credit Department under the central bank, told the Daily that [...] The post Expert: Home loan rate of 3% impossible appeared first on Vietnam Business News.

Indochina Land invests in affordable housing project Posted: 12 Nov 2013 07:29 PM PST The real estate fund manager Indochina Land officially become yesterday a partner of the Nam Long Investment JSC after investing in the on-going Ehome 3 Western Saigon, an affordable apartment project of Nam Long. Indochina Land has a 35 per cent stake in the VND1.47 trillion (US$70 million) project, which covers six hectares of land [...] The post Indochina Land invests in affordable housing project appeared first on Vietnam Business News.

Go West Posted: 12 Nov 2013 07:22 PM PST My Dinh area in the west of Hanoi is becoming a preferred choice of expats who are looking for a home beyond the traditional areas of Ba Dinh and Tay Ho districts. Bich Ngoc reports Land in Cau Giay and Tu Liem districts is increasingly being sought for new high-end serviced apartment buildings to meet [...] The post Go West appeared first on Vietnam Business News.

Realty woes yet to hit Hanoi’s old quarters Posted: 12 Nov 2013 07:21 PM PST There seems to be another Hanoi yet to be impacted by the years-long property market recession. For many observers, it is inexplicable why the old quarters of the capital city largely remain intact, with investors still hunting for prime sites, with landlords still demanding sky-high prices, and with transactions still taking place as normal though [...] The post Realty woes yet to hit Hanoi's old quarters appeared first on Vietnam Business News.

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