The Ho Chi Minh City Department of Taxation has just announced the list of companies owing tax and fees as of the end of November 2018, including numerous real estate businesses. Spring Light City project of Ben Thanh-Mercury Co., Ltd., the company with the highest tax arrears According to the Ho Chi Minh City Department of Taxation, 256 companies owe more than VND1.352 trillion ($58.8 million) in total in taxes arrears and penalties. The biggest debtors, some owing up to or dozens or hundreds of billions of dong, hail from the real estate sector. Leading the list of tax debtors, Ben Thanh-Mercury Company Limited owes VND356 billion ($15.5 million) in tax. This company was previously named on a similar list two months ago, then owing VND350.5 billion ($15.24 million). Moreover, Ben Thanh-Mecury is the developer of the Spring Light City project on Nguyen Dinh Chieu Street, Da Kao ward, District 1, Ho Chi Minh City with the total area of 15,770sq.m. This project has been … [Read more...] about Series of real estate companies owe hundreds of billion dong in taxes
Coastal ridge real estate
The Vietnamese real estate market continues to be stable with supply on the rise compared to 2017 (Photo: VNA) Hanoi (VNA) – Economic experts and representatives from a range of firms gathered together at a teleconference on investment trends and opportunities in Vietnam’s real estate market, held in Hanoi on December 11. Participants focused on analysing, predicting, and coming up with solutions to help develop the real estate market in a balanced, stable, and sustainable manner; as well as help investors and the public better understand the upcoming market trends of 2019. Nguyen Manh Ha – Vice Chairman of the Vietnam Real Estate Association (VNREA), the event’s organiser – said that statistics from the association shows that the Vietnamese real estate market continues to be stable with supply on the rise compared to 2017. Beside Hanoi and Ho Chi Minh City, other localities such as Dong Nai, Binh Duong, Bac Ninh, Bac Giang, and Phu Tho have … [Read more...] about Conference discusses Vietnam real estate market trend
The Hanoitimes - A high-end resort at the coastal province of Quang Nam has received an order of 250 condotels from its partner to resell to South Korean buyers. Vietnam has seen an influx of South Koreans seeking to acquire real estate as the Southeast Asian country has become an attractive destination for investors and holidaymakers from the kimchi land, according to VnExpress. Phu My Hung urban area. Photo: Internet A representative of a coastal resort project in the central province of Quang Nam, which has 690 condotels and 90 villas, has tipped a well-known US real estate agency has place order to buy up to 300 products for resale. Of those 300, 250 condotels will be reserved for South Korean buyers who are interested resort products. What attracts South Korean buyers at this project is its prime location, great coastal landscape, exclusive design to suit the high-end segment, and, most fundamentally, the absence of Chinese tourists, a broker said. Industry … [Read more...] about South Korean investors eager to purchase real estate in Vietnam
VietNamNet Bridge - A series of real estate projects in advantageous positions in Da Nang City and coastal areas left idle for the last 10 years have changed hands recently. About 10 years ago, the central city of Da Nang witnessed a wave of investors from HCMC flocking there to develop coastal projects. Da Nang authorities hoped that the huge projects would help change the face of the city and turn it into a Hong Kong or Singapore in Vietnam. The names of Hyatt Regency, Montgomerie Links, One Poera Danang, Danang Golf Club and Indochina Riverside were the most wanted at that time. A series of real estate projects in advantageous positions in Da Nang City and coastal areas left idle for the last 10 years have changed hands recently. A series of groundbreaking ceremonies starting construction of the huge projects, capitalized at hundreds of millions of dollars, took place in the ‘golden land plots’ in the central area of the city. However, the $200 million Vien Dong … [Read more...] about Da Nang: Hundred million USD real estate transfer deals made quietly
Particularly, various commercial banks were praised for their efficient handling of bad debts, which provided momentum for the further growth of the stock market.Besides, a significant number of enterprises plan to increase charter capital as well as list on the stock market, which would in turn raise the supply of securities.To boot, blue-chip stocks continue to be the primary choice of investment funds, particularly overseas funds, because enterprises running effective operations are more likely to be trusted by foreign investors.Due to determinants such as the substantial investment demand and the appearance of FDI inflows into project development, the real estate market would potentially preserve the price stability enjoyed throughout 2018.The increasing supply in the real estate market remained unchanged during 2016-2017, leading led to excess supply by the end of 2017. This was particularly apparent in the high-end apartment segment.In addition, propelled by the steady demand for … [Read more...] about Real estate and stock markets to rise above market in 2018?