Saturday, January 11, 2014

The Business Times: Social housing could be hard to sell, warn experts

The Business Times: Social housing could be hard to sell, warn experts

Link to Vietnam Business News

Social housing could be hard to sell, warn experts

Posted: 10 Jan 2014 10:30 PM PST

Many developers have entered the social housing sector, which is supported by the government, but experts warn that they fierce competition from low-cost commercial housing, which have lower prices and better locations and involve little red tape. "Without careful consideration of the market demand, the current mass development of social housing could bring sales to […]

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Investment climate under reform pressure

Posted: 10 Jan 2014 10:30 PM PST

Despite 2013's economic difficulties, Vietnam attracted more than US$21 billion in registered foreign direct investment (FDI), a 54.5% improvement on 2012. But experts warn the country risks lagging behind without stronger efforts at reform. On a brighter note The Ministry of Planning and Investment (MPI) says the final yearly FDI value will be much bigger […]

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HCMC steps up property trading supervision

Posted: 10 Jan 2014 10:29 PM PST

HCM City will tighten the operations of property traders to ensure violations are discovered in time, which should protect real estate investors and increase transparency in the market. The city’s Department of Construction said the city had 479 real estate trading companies that are allowed to operate active trading floors. However, more than half of […]

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Prices of villas and adjacent houses in Hanoi falls further in q4/2013: Savills

Posted: 10 Jan 2014 10:27 PM PST

Prices of villas and adjacent houses in Hanoi continued easing in the last quarter of 2013, Savills Vietnam said in its recent report released today [Jan 10], thoibaonganhang.vn reported. Other segments of the real estate market posted significant increase in transactions in the last quarter of the year while the villa and adjacent house segment […]

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VAMC’s herculean debt task in review

Posted: 10 Jan 2014 09:21 PM PST

Nearly half a year since the Vietnam Asset Management Company (VAMC) was established to restructure the Vietnamese banking system's bad debts, VAMC chairman Dang Thanh Binh spoke with VIR about the company's achievements and its main task in improving the use of the country's capital. Could tell us about the first half year of VAMC's […]

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Shares plummet on profit-taking

Posted: 10 Jan 2014 09:18 PM PST

Sales pressure at the end of yesterday’s session saw shares dip, and only the VN-Index on the HCM City Stock Exchange gained 0.4 per cent to reach 518.94 points. Meanwhile, the VN30 Index, tracking the city’s 30 leading shares by capitalisation and liquidity, shed 0.2 per cent to hit 576.16 points. Nearly 40 per cent […]

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Steel Corporation boosts production in 2014

Posted: 10 Jan 2014 09:14 PM PST

The corporation will also promote its restructuring, focusing on equitization. Nguyen Manh Quan, Head of the Department of Heavy Industry under the Ministry of Industry and Trade (MoIT) predicted that the steel industry will continue coping with fierce competition this year, especially once Vietnam joins the Trans-Pacific Partnership (TPP). The Corp should define strategies and […]

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