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Statistics |
| Unique Visitors: 14 |
| Total Unique Visitors: 528519 |
| Visitors Out: 2723 |
| Total Visitors Out: 23125 |
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| Vietnam mulls ban on unfinished home sales |
| 2011-05-18 09:24:00 |
An incomplete mansion in HanoiThe Ministry of Construction has proposed a new rule that bans project developers to sell land and half-built houses to customers.Residential property developers must finish construction before being allowed to sell their projects, the rule said.In its latest report on the real estate market, the ministry found that many people cannot afford a house while some others have been leaving their houses unfinished and unoccupied for a long time, which it said is a waste of land resources.An inspection of 18 residential projects in Hanoi found that only 80 percent of townhouses and 50 percent of villas were put into use, according to the report.The Ministry of Construction said it is necessary to control bank loans to real estate projects, especially in the high-end
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| UAE investments in Vietnam have reached $3 billion |
| 2011-05-14 08:36:00 |
The UAE spent $130 million in direct investments in Vietnam, while additional indirect investments such as joint ventures and securities brought the total figure to $3 billion, said Vo Hong Phuc, Vietnamese Minister of Planning and Investments after signing a Memorandum of Understanding with Emirates Gate Investment yesterday. "The aim is to facilitate UAE entrepreneurs to invest in Vietnam," he said, adding that a host of UAE firms are already investing in Vietnam and more continue to show interest."Investment from the UAE to Vietnam is modest but I see potential for the future," he told reporters after the event. Key investment sectors include manufacturing, energy and infrastructure, he added.
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| Vietnam office rents among the highest in the world |
| 2011-05-09 16:02:00 |
HO CHI MINH CITY: The office rent rates in Vietnam’s biggest cities such as Ho Chi Minh City and Hanoi are among the highest in over 100 markets worldwide, according to an annual report released by British real estate services firm Knight Frank last week.Ho Chi Minh City is the 19th and Hanoi (21st) most expensive markets with prime rents at US$38 and US$36.5 per square metre per month respectively, the report said.The rates are more expensive than established markets like Manhattan (New York), Frankfurt (Germany ), Shanghai (China ), Brussels (Belgium ) and Rome( Italy), according to the Vietnam news agency.However, the availability has increased in Vietnam, with both the cities seeing large amounts of new Grade A office supply during 2010.This has caused vacancy rates to rise and put...
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| Writedowns push VinaLand into the red |
| 2010-01-14 14:57:00 |
Vietnam real estate market investment vehicle VinaLand posts a net loss of $201.6m for the year to June compared with a profit of $248.2m last time.The firm said the result was due to writedowns which reflected market conditions.Its net asset value stoo at $660m - down from $804m in 2008 - and it had cash and cash equivalents of $50.3m.Director Don Lam said: "Despite the continuation of tough conditions over the past year, VNL has maintained its position as the leading foreign investor in Vietnam's burgeoning real estate sector."I am pleased with the company's progress over the period - particularly as regards to our residential projects, in which we have witnessed strong demand and rising prices."We will continue to pursue our strategy of focusing on the most profitable urban districts wh
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| RoK businesses keen on Vietnam’s market |
| 2010-01-13 14:26:00 |
He stated this at a seminar to promote investment and trade between Vietnam and the RoK in Hanoi on January 11. Secretary General Cho and representatives from the top 20 construction businesses in the RoK are on a fact-finding tour of Vietnam from January 11-13 to seek out investment opportunities. The investment and trade relationship between Vietnam and the RoK has developed rapidly in recent years. Since the Law on Foreign Investments took effect in Vietnam in 1988, the RoK has invested US$20 billion in more than 2,200 investment projects in Vietnam, ranking second among the 89 countries and territories currently investing in the country. Deputy Minister of Industry and Trade Nguyen Thanh Bien confirmed that bilateral economic, investment and trade ties will further improve, especially ...
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| Hanoi property catches foreign investors’ attention |
| 2010-01-10 16:20:00 |
Foreign investors will start to shift investment from HCM City to Hanoi this year, says Marc Townsend, managing director of Property services and consulting firm CB Richard Ellis (CBRE) Vietnam Co. At a real estate conference held last Wednesday in the capital, Mr. Townsend said about 80 percent of its investors’ last year capital has been poured into the market.He said both foreign investors and Vietnamese government had been very active in the market.“Malaysian and Singaporean investors view the city as a promising market,” said the MD.Weathering the global economic downturn, Vietnam reached a positive GDP growth rate in 2009. Interest rates were increased by one percent on December 1, a move designed to limit credit growth and rein in inflation.CBRE forecast that new legal docume
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| 2009 a time of reflection for Vietnam veteran Dennis Pfeiffer |
| 2010-01-09 03:28:00 |
This past year Dennis Pfeiffer has often caught himself wondering, “What was I doing at this moment 40 years ago?”The answer that almost always comes back? Flying with the 242nd Assault Helicopter Company over Vietnam.The 60-year-old Wauneta man and Army veteran put in 18 months stationed in Vietnam, from November 1968 to June 1970. Most of that time was spent as a flight engineer aboard a Chinook CH-47 helicopter, resupplying the 25th Infantry.In May Pfeiffer got a chance to reconnect with several of his old Army buddies as honored guests during the dedication of the Nebraska National Guard’s Army Aviation Support Facility in Grand Island.During that same whirlwind week, Pfeiffer accompanied his 84-year-old father, Oscar Pfeiffer, on a Buffalo County-sponsored Hero Flight trip to Wa...
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| Vietnam Construction Market Data & Forecast to 2013 - new report released |
| 2010-01-07 15:25:00 |
Vietnam Construction Market Data & Forecast to 2013 - a new market research report on companiesandmarkets.comwww.companiesandmarkets.com/Summary-Market-Report/vietnam-constr ..Vietnam Construction Market Data & Forecast to 2013 report is the essential source for Construction industry data and analysis covering Vietnam, both at the top level and providing in-depth category and channel insight.The report provides historical data and forecasts for the Vietnamese Construction industry in the period 2004-2013, detailed profiles and financial metrics covering the major market players, abreakdown of key recent M&A and partnership activity, and comprehensive analysis of the key factors driving the industry at consumer, market and company level.The Vietnamese construction industry grew at a CAGR of...
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| Vietnam`s largest project tees off in Laos |
| 2010-01-05 13:56:00 |
Hanoi (ANTARA News/Asia Pulse) - Vietnam's Long Thanh Golf Trading and Investment Co. began construction of a US$1 billion golf course and real estate project in Vientiane on January 3, making it the largest foreign-invested venture in Laos.Covering an area of 557.4 ha, the project will feature an 18-hole golf course, a five-star hotel, high-grade villas, a resort and school and hospital facilities.The project is expected to become operational after 12 years of construction.
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| Vietnam should attract FDI into supporting industries: economist |
| 2010-01-03 13:23:00 |
Dau Tu: What would you say about the FDI capital flow in 2009?Vo Tri Thanh: Committed FDI capital in 2009 is obviously lower than 2008. The figure of $21 billion in committed capital is encouraging, showing that foreign investors still see long-term potential in Vietnam.If we look at the sum of money poured into Vietnam in 2009, about eight billion dollars, we see that foreign investors’ financial situation is really healthy. They are making investments and aiming for long-term, not short-term, profits.However, I can see some problems in the FDI flow in 2009.Many FDI projects are in the real estate sector. When the real estate sector goes up and down, this will create negative effects in both the real estate market and the national economy. When a big volume of capital is poured into the...
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