While the market of high-grade offices for lease has been cooling down because of the economic downturn, the market of resort apartments worth millions of dollars is still very bustling. Several years ago, the concept of ‘resort apartment’ and the resort apartment market were unfamiliar to investors. Nowadays, these ‘second homes’ for the wealthy are common items in the ‘baskets’ of real estate investors. Richard Leech, Managing Director of CBRE, a real estate service provider, said that he himself has been surprised about the high demand for resort apartments in Vietnam. Apartments in the Hyatt Regency Danang Resort & Spa, invested in by Indochina Land, went on sale in May 2009 at $180,000-890,000 per apartment and $1.2-1.6 million per 2-storey villa. Despite the high prices, 50 percent of the apartments have been sold so far. The resort apartments of An Vien Group in Nha Trang city have also seen 90 percent of apartments sold a few … [Read more...] about Million-dollar apartments still selling well
Best million dollar investment
Million dollar apartments selling well, claim developers
Real estate developers in Vietnam's Ho Chi Minh City say luxury penthouses and other apartments priced at millions of dollars are selling well. Construction is ongoing at the Diamond Island project in Ho Chi Minh City's District 2 … [Read more...] about Million dollar apartments selling well, claim developers
Foreign economist says best investment opportunities in 2012 are in Vietnam
- Vietnam's stocks are now too cheap and too attractive this is the comment of "Why you should invest in Vietnam", an article published on Forbes recently. Peter Cohan, the author of the article, wrote that in the visit to Singapore in January, he met an experienced investment fund manager. The manager affirmed that investing in Indonesia, the market which was considered as attractive in 2011, has become "out of fashion," and that the best investment opportunities in the region are now in Vietnam. Vietnam's stocks have become very cheap. The manager could list 20 shares in Vietnam which have the ratio of price on earning (P/E) at two times and the dividend yield at 12 percent at least. Shares are believed to have reasonable price levels if the ratio of the P/E and income growth is 1.0 and less. Meanwhile, the ratio for Vietnamese shares is 0.14 - an ideal level. The investment fund manager has also pointed out that the dividend yield, i.e. the ratio between dividends and … [Read more...] about Foreign economist says best investment opportunities in 2012 are in Vietnam
EVN tastes bitterness when making investment in non-core business fields
It's obvious that the Electricity of Vietnam's (EVN) plan on investing in telecommunication and securities has failed. Meanwhile, the investments in the banking and real estate sectors have not brought profits as the stock and real estate market remain gloomy. The total EVN's investment capital in non-core business fields has reached 2100 billion dong, or 2.8 percent of the chartered capital. EVN has been investing in telecom, securities, banking, real estate and insurance, the business fields which were considered as "hot, profitable and risky", for six years. The "telecom and securities hopes" dashed The investment in the telecom sector has brought the biggest bitterness to EVN. EVN Telecom, a subsidiary of EVN, is the owner of the sixth mobile network in Vietnam with the prefix number 096- and the 450 MHZ waveband - the low band with high interference. In 2005, EVN Telecom spent 3 trillion dong to develop CDMA-based network. At that time, sources said that the network … [Read more...] about EVN tastes bitterness when making investment in non-core business fields
Foreign investments serve as new propulsive force for online commerce
- The growth of the community using Internetbased and mobile services has made the competition for providing content apps and online commerce service stiffer. More and more investment funds have announced the plans to pour money into the sector. More money comingJapanese NTT Docomo, when deciding to inject 19 million dollars in VMG, a mobile phone-based app service provider, stated that the affair is a part of the telecom group's plan to expand the Asian market. The investment will help VMG focus on developing the solutions in payment, e-commerce and app services on 3G networks. Docomo has been well known in Vietnam as the telecom network consultant which has been cooperating with VinaPhone for the last many years, helping the telecom network operator develop content services on 3G. Other subsidiaries of NTT group are also owning some companies in Vietnam which operate in the fields of online services and communication. The agreement of the three investment funds IDG Ventures, … [Read more...] about Foreign investments serve as new propulsive force for online commerce