Vietnam gold prices rose by VND0.27million/tael from yesterday close to VND44.92 million a tael on Tuesday morning despite the world gold prices fell in New York last night and steady in Asia this morning. SJC Hanoi quoted at VND44.60 million/tael for bid and VND44.92 million/tael for ask, respectively as of 9:28 am, Hanoi time. SJC [...]
US tycoon Sheldon Adelson told VIR’s Dong Hoa that his Las Vegas Sands is willing to build luxurious integrated resorts (IR) in Hanoi and Ho Chi Minh City at a combined investment capital of $5-6 billion. You met several Vietnamese government officials during your visit to Vietnam in December last year. What are the outcomes [...]
Some commercial banks which are holding big amounts of gold, have proposed to allow them to export gold in order to improve the liquidity. Among the heavy tasks the State Bank of Vietnam has to fulfill this year, improving the liquidity has been highlighted as the priority. “It’s necessary to ease the interest rates, or [...]
A growing number of domestic real estate developers in HCM City are focusing on the low-cost housing sector in an attempt to better survive during the current period of reduced property activity. Thu Duc Housing Development Corp chairman and general director Le Chi Hieu said this year the company would tailor affordable apartments to cater [...]
Things are looking up for the industrial park property market this year with many projects likely to be implemented with “multi-use” components, according to property service provider CB Richard Ellis (CBRE) Vietnam. Many developers believe IPs would be more successful with residential areas as well as industrial units, the company said in a summary of [...]
Ho Chi Minh City’s Construction Department has proposed the collection of a housing tax in addition to levies collected on land, but real estate firms feel the time is not right for such a move. The housing tax, which would be imposed on a progressive basis, aims to limit speculation, foster a healthy real estate [...]
The Vietnamese Ministry of Construction has required foreign-invested enterprises to report on their projects in order to build a plan for managing foreign direct investment in the property sector by May. The resulting plan would attempt to increase the quality of foreign investment, improve the efficiency of State management and also develop foreign investment in [...]
Falling office rentals have created conditions for many companies to come back to the center of HCM City after moving towards outlying areas for several years due to high office prices. Besides new customers, the market has seen many enterprises shifting among office buildings of grades A, B and C and from old buildings to [...]
The cost of housing in Vietnam is 25 times higher than the average workers wage, 5 times higher than housing in developed countries and 10 times higher than housing in developing countries according to a real estate expert. The State is implementing a strategy to apply the necessary policies to help develop the housing market [...]
Property investors are increasingly leasing out properties amid a lackluster market. Since Hanoi’s tenement market was in the doldrums, individual investors sought to offer their properties for lease to raise extra money on the back of a dormant property market. Viet Hung new urban area in Hanoi’s Long Bien district hosts scores of quality tenements [...]
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