Brumbach real estate

A residential area in Ha Noi. Real estate becomes more attractive under the low interest rate context. —VNA/VNS Photo Cash flow always looks to more attractive investment channels with higher returns, so when interest rates decrease, cash flow will shift from the savings channel to the stock and real estate markets, according to experts. According to Huynh Minh Tuan, Investment Director at Mirae Asset Securities & Investments Company, when interest rates are low, savers will begin to consider and shift their asset allocation. Cash flow is always "smart money" and always looks for more attractive investments with higher returns. The money can move from the savings channel to other investment markets, such as real estate and stock markets, but there will be a delay. It may be a few months late for the real estate channel, but for the stock channel, it will be faster, maybe from next month, Tuan said. The activity of transferring savings books has also flourished recently. … [Read more...] about Stock, real estate markets to become more attractive thanks to low interest rates

Egroup's chairman Nguyen Ngoc Thuy has purchased Apax Holdings' bonds At a recent meeting with the National Assembly Standing Committee on the socioeconomic situation, Minister of Planning and Investment Nguyen Chi Dung said that increasing numbers of local enterprises have sold their properties to foreign businesses. The selling of assets and properties, or even entire businesses, has been common over the past year or two, with more businesses falling into difficulties and lacking capital. At the beginning of March, for example, the owner of the Dolce by Wyndham Hanoi Golden Lake Hotel in the heart of Hanoi put the hotel on the market at a starting price of $250 million. Nguyen Huu Duong, chairman of the hotel owner Hoa Binh Co., Ltd., said that the company's social housing project had not been granted construction permits, meaning a lack of cash flow and the need to sell off assets to ensure liquidity. “Many of the partners negotiating to buy our hotel are businessmen … [Read more...] about Foreign investors buying up local businesses

Vietnam Airlines, Vietnam’s national flag carrier, was named one of the world’s top 25 airlines for 2023 by Australia-based AirlineRatings.com, an aviation safety and product review group. The carrier sits at number 20 in the rankings, above Turkish Airlines, Hawaiian Airlines, KLM, Alaska Airlines, and United Airlines. The first five positions on the list respectively went to Air New Zealand, Qatar Airways, Etihad Airways, Korean Air, and Singapore Airlines. To prepare its annual round-up, AirlineRatings.com considered major safety and government audits, as well as looked at airline fleet age, passenger reviews, profitability, investment rating, product and services, and staff relations. To make it to the top twenty-five, airlines must achieve a seven-star safety rating and demonstrate leadership in innovation for passenger comfort, according to AirlineRatings.com. “We are focused on leadership and airlines that innovate to make a real difference to the passenger … [Read more...] about Vietnam Airlines among world’s top carriers for 2023

Consumers at a supermarket in Ha Noi. NA deputies are calling for extended VAT cuts to further stimulate domestic consumption. — VNA/VNS Photo Tran Viet National Assembly deputies are pushing hard for extended VAT cuts applicable to all firms across the board, but the Minister of Finance Ho Duc Phocstands firm against the call. NA deputy Tran Chi Cuong from Da Nang City said the VAT cuts initiated in May would come into force from July 1 to December 31, which is too short a period of time to produce their desired effect. He called for the time frame to be extended to 2024 to give the economy more time to absorb the fiscal stimulus. He also said it would take local authorities at least one year to re-balance their budget given the size of the cuts. NA deputy Mai Thi Phuong Hoa from Nam Dinh Province shared this view. She said the VAT cuts would need more time to take root and six months would be too short a period to that end. She also urged the Government to loosen its … [Read more...] about NA deputies call for extended VAT cuts