Business

Vietnam intensifies cash flows into economy

The Governor of the State Bank of Vietnam (SBV) has allowed many commercial banks to raise credit growth to 20 percent by 2013. Lower credit rate has failed to give a strong boost to lending although the year’s end is inching in - the time when the demand for finances is usually the highest in the year. Report by the Vietnam Business Forum.
Business

Apartments prop up property sales in Hanoi

The capital's apartment market was the busiest in the real estate sector during the third quarter of this year, but other segments of the city's property market remained sluggish, according to Do Thu Hang, head of Research and Consultancy at Savills Hanoi.
Business

Binh Duong attracts property developers

Long-term investors seeking capital gains or rental income are increasingly looking to the southern province of Binh Duong’s housing market, according to a survey by property services provider Savills Vietnam.
Business

Construction firms report crumbling turnovers

Firms under the Ministry of Construction in August made a turnover of 11.81 trillion VND (557 million USD), bringing the total for the first eight months to nearly 94.84 trillion V ND (4.47 billion USD), down 7.2 per cent year-on-year.
Society

Overseas Vietnamese given new property rights

Overseas Vietnamese living abroad who have maintained their Vietnamese citizenship are permitted to own unlimited property, according to the latest decree on implementation of the Land and Housing Law.
Business

Vietnam's nonlife insurance market gathers steam

The Japanese economic daily, Nikkei on August 11 carried an analysis saying that Vietnam's nonlife insurance market is attracting more and more corporate and individual customers, and the intensifying competition may spur a realignment among insurers.