Business

Property popular as Index nears 500

Almost all shares in the construction and real estate development sectors hit their ceiling prices on the HCM Stock Exchange on August 12, lifting the VN-Index to within striking distance of the psychologically-important 500-mark, but acclerated profitaking put the brakes on the upward trend.
Society

Fingers point after four die on building site

Three deadly accidents in a single week have left four construction workers dead and three others seriously injured at the construction site of the Keangnam Hanoi Landmark Tower project in Hanoi, raising concerns about labour safety on the project.
Business

Vietnamese businesses strengthen overseas investment

The recent simultaneous presence of two big names in the banking and aviation sectors in Cambodia shows that Vietnamese businesses have flexibly taken advantage of overseas investment opportunities amid the global economic crisis.
Business

Big domestic energy groups hook up

The country’s National Oil and Gas Group (PetroVietnam) and the National Coal and Mineral Industries Group (Vinacomin) signed a strategic cooperation agreement in Hanoi on July 28.
Business

Local players remain dominate in real estate

Local investors will continue to be the main players in the real estate market in the short and medium term, and will seek assets from foreigners looking to leave the market, an international conference heard on July 26.

Managing director of CB Richard Ellis Vietnam Ltd Co, Marc Townsend, told the Vietnam International Real Estate Conference in Ho Chi Minh City that more real estate assets will be offered for the sale in the near future.

Business

Lending against securities up

Outstanding loans against collateral in the form of securities or real estate in the first half of the year sharply increased over last year, according to a report from the State bank of Vietnam.
Society

Housing hope for low-income earners

The Construction Ministry said that it has received proposals for 566 projects from real estate businesses on building houses for students, workers and other low-income earners.
Business

Phu My Hung builds mall

Property developer Phu My Hung has begun construction of a 44,000sq.m. shopping centre, the Crescent Mall.
Business

Nomura forecasts VN's GDP growth at 4.9 percent

The Nomura International group has forecast Vietnam ’s GDP growth rate in 2009 to reach 4.9 percent, an increase over the group’s previous forecast of 4 percent, said the Vietnam Economic Times on July 9.