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Property sector urged to seek other capital sources With lending to the property sector almost surely to be tightened, analysts are calling on real estate firms to securitise their projects and list their shares on the stock markets to raise money from the public. In a draft document the State Bank of Việt Nam has…
Real estate urged to seek out stable capital HÀ NỘI (VNS) — Experts have said it is necessary for the real estate sector to find stable financial sources to ensure adequate housing supply as demand was anticipated to pick up rapidly. Even though the Vietnamese economy was entering a new growth circle and the property…
End of support package worrying VN homebuyers HÀ NỘI (VNS) — Homebuyers are worried about a possible hike in interest rates with the terms of the government’s VNĐ30 trillion (US$1.3 billion) property support package ending on June 1 this year. The package was launched on June 1, 2013, and the State Bank of Việt Nam…
SBV asked to keep lending limits. HCM CITY (VNS) — The HCM City Real Estate Association (HOREA) has proposed the State Bank of Viet Nam (SBV)’s regulations on lending limits and capital adequacy ratio requirements for credit institutions, including branches of foreign banks not be changed at the moment. SBV asked to keep lending limits. The…
SMEs to benefit from TPP and EVFTA HA NOI (VNS) — Domestic small- and medium-sized enterprises (SMEs) would enjoy many benefits from the Trans-Pacific Partnership (TPP) and Viet Nam-EU Free Trade Agreement (EVFTA), said economist Pham Chi Lan. Lan told a conference on TPP and EVFTA held in Ha Noi yesterday that SMEs would be…
SBV to control real estate loans HA NOI (VNS) — The central bank will control property loans to limit risks this year, an official told a meeting in HCM City late last week. SBV to control real estate loans. State Bank of Viet Nam deputy governor Nguyen Phuoc Thanh said that although credits grew positively with…
City banks set bar high for 2016 performance HCM CITY (VNS) — HCM City-based banks have set themselves ambitious targets for 2016, including credit growth of 16-18 per cent. They city also expect to increase deposits by 17-19 per cent and decrease bad debts to below 3 per cent. These and other targets were announced…
Housing market recovery helps property firm shares HCM CITY (VNS) — The revival of the housing market has had a positive impact on the prices of shares of property companies, according to the Vietinbank Securities Company. Dang Tran Hai Dang, the company’s research and analysis deputy director, told a seminar on an overview of the…
HCM City seeks to boost SMEs HCM CITY (VNS) — Developing small and medium-sized enterprises (SMEs) is one of the ways to increase the private sector’s contribution to the city’s economic growth, economists told a conference held in the city last week. They said the private sector, especially SMEs, has made a major contribution to…
Garment sector expecting big fourth quarter. HA NOI (VNS) — Production in the garment and textile sector would be higher in the last quarter of this year as several domestic exporters have orders till the end of 2015, and even the first quarter of 2016. Garment sector expecting big fourth quarter. Nguyen Tien Vy, director of…
Owning a home is a keystone of wealth… both financial affluence and emotional security.