The supply of luxury housing products has increased so fast that it has outstripped that of affordable units. (Photo: VietnamPlus) Hanoi (VNA) – The supply of luxury housing products has increased so fast that it has outstripped that of affordable units, according to realty experts.Ministry of Construction show that demand for affordable homes accounts for up to 80 percent of the market demand, but low-cost housing is becoming increasingly scarce in the country. In stark contrast, high-end housing and condominium projects eclipse the middle-end segment in terms of supply.Vietnam faces shortage of cheap houses High-class apartments prevail in property market Affordable housing projects in Linh Dam and Kim Van-Kim Lu urban areas are the most hunted on Batdongsan.com.vn.(Photo: VietnamPlus) Some 30-32 percent of Batdongsan.con.vn’s visitors looked up for superior units in Ho Chi Minh City, doubling the figure recorded in Hanoi. Senior Director of CBRE Vietnam Duong … [Read more...] about Abundant supply of high-end apartments, lacking affordable options
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PYCOGROUP holds Best Developer Competition in Vietnam
BizInfo PYCOGROUP holds Best Developer Competition in Vietnam Thursday, Dec 12, 2019,10:00 (GMT+7) PYCOGROUP holds Best Developer Competition in Vietnam On November 30, PYCOGROUP and its partners - MessageMedia, Ansarada and YellowPepper - held the first-ever Best Developer in Vietnam competition, highlighting the continuous growth of the tech industry in Vietnam and its future in the tech world. The competition aimed to unearth Vietnam's best programming talent through a series of competitive rounds, challenging both their programming and soft skills. It was an exciting day full of suspense for over 400 attendees, including contestants, judges, mentors and supporters. With over 500 registrations from all across the country, only one could be the best, Vo Phi Hung, who took home the title of Best Developer in Vietnam 2019. The second prize belonged to Do Tri Quoc from Hanoi and the third prize belonged to Tran Duy Thanh … [Read more...] about PYCOGROUP holds Best Developer Competition in Vietnam
SBV tells banks to up security after US$11-million fraud
In a letter, it said all commercial banks must review and amend their internal regulations if needed to improve safety. “Banks must ensure all their staff fully understand and implement all regulations and regularly provide them with training.” The State Bank of Vietnam has instructed all banks to improve safety of their money transactions after the Ministry of Public Security issued an international warrant for a fugitive bank executive for allegedly misappropriating nearly 11 million USD from a customer (Photo: vietnamnet.vn) The central bank also called on lenders to upgrade their technologies to improve security and work closely with authorities to provide and receive information related to frauds. “Education on money transaction should be improved for customers. Oversight and rotation of staff are very important.” It said banks must immediately report to the SBV and other related authorities when they detect a fraud or security violation, it … [Read more...] about SBV tells banks to up security after US$11-million fraud
SEA Game 30: Curtain falls, SEA Games flag goes to Vietnam
The 30th Southeast Asian Games (SEA Games 30) in the Philippines ends with a spectacular music and light feast-inspired closing ceremony. (Photo: AFP/VNA) Hanoi (VNA) – The 30th Southeast Asian Games (SEA Games 30) in the Philippines ended with a spectacular music and light feast-inspired closing ceremony, and the official flag handover to Vietnam – the host of the 2021 event. The athletes parade kick-started the festivities, as competitors from the various nations took centre-stage. A drone show then turned the inky black sky into a stunning screen showcasing the different sports contested at the Games. The captivating showcase then culminated in the display of the Games theme: We Win As One. The organising board presented individual awards to SEA Games’ best male and female athletes, Singapore’s Quah Zheng Wen and Vietnam’s Nguyen Thi Anh Vien. Both swimmers won six gold and two silver medals. Philippine surfer Roger Casugay received the … [Read more...] about SEA Game 30: Curtain falls, SEA Games flag goes to Vietnam
Demand for solar power in Can Tho increases
More enterprises and households in Can Tho city are installing solar panels to save energy costs. (Source: VNA) Can Tho (VNS/VNA) - More businesses and households in the Mekong Delta city of Can Tho are installing solar panels to reduce monthly electricity costs. According to the Can Tho Power Company, more than 100 customers have installed solar panels with total capacity of nearly 1,100kWh, an increase of 40 customers compared to last year. The total output of electricity produced by customers and sold back to the Can Tho Power Company amounts to more than 289,500kWh. Nguyen Van Quang, Director of the Can Tho Power Company, said the city has ten contractors installing solar panels for customers. Information about the technologies used by these contractors is published openly so customers can choose the right contractors. Le Van Tin, in Ninh Kieu district, said that he has recently installed 14 solar panels on … [Read more...] about Demand for solar power in Can Tho increases