The Business Times: Housing prices far above average incomes
The Business Times: Housing prices far above average incomes | ![]() |
- Housing prices far above average incomes
- Oil refinery super-projects ask for $1 billion from state budget
- Property firms hire more sales staff
- VinGroup starts $33 million project in Hue
- Maritime Bank and MDB set to merge
- Data reveal CPI increases in Ha Noi and HCM City
- Credit outgrows deposits
- Bank’s bad debt: easier bought than sold
- Is this the last chance for GP Bank?
Housing prices far above average incomes Posted: 24 Mar 2015 07:58 PM PDT Housing prices in Viet Nam are still too high in comparison with people’s average income, said Tran Ngoc Quang, general secretary of the Viet Nam Real-Estate Association. Quang said this during a discussion on how to buy an apartment for less than VND2 billion (US$93,400) held in Ha Noi yesterday, adding that such a situation […] The post Housing prices far above average incomes appeared first on Vietnam Business News. |
Oil refinery super-projects ask for $1 billion from state budget Posted: 24 Mar 2015 06:47 PM PDT Local authorities have asked for state financial support of $1 billion for oil refinery projects, but the amount of money goes far beyond the state budget capability. The call for financial support has been made by local authorities in three provinces which have granted investment licenses to four mega-projects. The four projects include three oil […] The post Oil refinery super-projects ask for $1 billion from state budget appeared first on Vietnam Business News. |
Property firms hire more sales staff Posted: 24 Mar 2015 06:46 PM PDT Real-estate companies commenced recruitment from the beginning of this year to cope with the anticipated strong sales of property, along with expectations of a recovery in the market. Many firms announced plans to recruit up to thousands of employees within the first quarter of this year to beef up human resources to boost sales and […] The post Property firms hire more sales staff appeared first on Vietnam Business News. |
VinGroup starts $33 million project in Hue Posted: 24 Mar 2015 06:45 PM PDT Real-estate developer, VinGroup, has started the construction of a trade centre complex and a five-star hotel in the central Hue city, with a total investment of VND700 billion (US$33.3 million). The Vice Chairman of Vingroup, Le Khac Hiep, said the project would include the Vincom Hung Vuong trade centre and the Vinpearl Hue 16-storey hotel […] The post VinGroup starts $33 million project in Hue appeared first on Vietnam Business News. |
Maritime Bank and MDB set to merge Posted: 24 Mar 2015 06:45 PM PDT State Bank of Viet Nam (SBV) Governor Nguyen Van Binh last week approved in principle the merger of the Maritime Bank and the Mekong Development Bank (MDB). The merger has created a new bank with a charter capital of VND11.75 trillion (US$549 million) and total assets of VND113 trillion ($5.28 billion). The two banks had […] The post Maritime Bank and MDB set to merge appeared first on Vietnam Business News. |
Data reveal CPI increases in Ha Noi and HCM City Posted: 24 Mar 2015 06:42 PM PDT March’s consumer price indices (CPIs) in the country’s two largest cities have both risen, data from the authorities in Ha Noi and HCM City showed. Ha Noi’s CPI rose 0.38 per cent over the previous month and was up 0.65 per cent, compared with the same period last year. The Ha Noi Statistics Office […] The post Data reveal CPI increases in Ha Noi and HCM City appeared first on Vietnam Business News. |
Posted: 24 Mar 2015 06:41 PM PDT The Bureau of Statistics of Hanoi (BSH) reveals that during the first three months of 2015 the capital's credit has grown 1.8 per cent compared to the end of 2014 and has also outgrown deposits, turning the tide of negative credit growth experienced in the last two years. Credit institutions have been reported to meet […] The post Credit outgrows deposits appeared first on Vietnam Business News. |
Bank’s bad debt: easier bought than sold Posted: 24 Mar 2015 04:42 PM PDT The State Bank of Vietnam (SBV) has released an ultimatum for commercial banks that they must sell all their bad debts by the end of the third quarter of 2015. Buying debts Analysts said"not many things have been done" by the Vietnam Asset Management Company (VAMC), which is in charge of buying debt. However, they […] The post Bank's bad debt: easier bought than sold appeared first on Vietnam Business News. |
Is this the last chance for GP Bank? Posted: 24 Mar 2015 03:42 PM PDT It is still unclear how GP Bank will restructure itself: will it be nationalized by the State Bank or successfully call for more capital? SBV Governor Nguyen Van Binh, in an interview on national Vietnam Television (VTV) last week, said"There would be other VNCBs". VNCB was taken over by the central bank after it took […] The post Is this the last chance for GP Bank? appeared first on Vietnam Business News. |
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