Despite a small supply of new projects at rather high prices, both investors and experts are optimistic about the prospects of this market – with good reason. Being rolled out since the end of 2018, The Grand Manhattan is one of few projects in District 1 achieving impressive sale performance The improving infrastructure, the rise of the Vietnamese middle class, and the arrival of rich foreign people are expected to give the market a new push in the near future. Short supply, rising prices A recent report by the Ho Chi Minh City Real Estate Association (HoREA) showed that the municipal city’s real estate market was on a declining trend in the first nine months of 2019. Meanwhile, the market witnessed a scarcity in housing supply in the central business district (CBD) despite high residential demand. Nguyen Hoang, director of DKRA Vietnam’s R&D Division, said that real estate products in the CBD remain in limited supply. Land bank in the CBD are … [Read more...] about Real estate in HCM City CBD: Optimism for the long-term
Hcm city hotel
Upscale hotel sector sees all-round growth in 2017
Experts talk about the performance of the Vietnam hotel industry at a press meeting on July 10 in HCM City. - VNS Photo Thu Hang The report marks the 15th year the US accounting and advisory firm has done research on high-end hotels and resorts in Vietnam. After a drop in 2016, five-Star hotels made a recovery with average tariffs increasing by 4.2 per cent last year to $107.6. Four-star hotel tariffs also rose but by less than 1 per cent, to $75.2. All regions saw tariffs rise, with the central region achieving the highest increase of 5.7 per cent, followed by the northern region with 4.4 per cent. Occupancy rates improved by 4.8 per cent for four-star and 5 per cent for five-star hotels. The central region again achieved the highest increase -- 7.5 per cent -- followed by the north (6.4 per cent) and the south (2.2 per cent). RevPAR (Revenue per available room) continued to increase, but at a different rate for each star category: 10.2 per cent for five-star and 7.6 per cent for … [Read more...] about Upscale hotel sector sees all-round growth in 2017
Firms issue total US$7.7 billion worth of bonds in 10 months
A MB Securities Co's trading room. The company was among the top three underwriters for corporate bond issuance in the January-October period. — Photo thoibaotaichinhvietnam.vn The total value of corporate bonds was VND178.7 trillion (US$7.7 billion) in January-October this year, according to SSI Retail Research. Commercial banks remained the biggest bond issuers with VND79.4 trillion worth of bond issuance, accounting for 44.4 per cent of the total figure. Real estate companies issued VND61.27 trillion worth of corporate bonds, accounting for 34.3 per cent of the total. The remainders were infrastructure developers, securities firms and other types of business. In 2010, more than VND17 trillion worth of corporate bond notes was issued with about 55 per cent of the total belonging to real estate firms. The biggest issuers included Vinametric Co Ltd, the owner of Saigon Prince Hotel in HCM City. The company issued VND3.7 trillion worth of two-year bonds with yield rate set at … [Read more...] about Firms issue total US$7.7 billion worth of bonds in 10 months
Việt Nam ranks 10th among the best countries in the world
Visitors enjoy the beauty of Tràng An tourism site in the northern province of Ninh Bình. — VNA/VNS Photo Minh Đức HÀ NỘI — Readers of the New York-based travel magazine Conde Nast Traveler have voted Việt Nam the 10th best country in the world. The country won in the category 'The Best Countries in the World: 2019 Readers’ Choice Awards' for its “vibrant street food, markets, and cultural offerings”, as well as the bustling cities of Hà Nội and HCM City. The ancient town of Hội An in the central province of Quảng Nam is a top attraction for tourists. — VNA/VNS Photo Describing Việt Nam as a country that “pulses with energy”, the magazine wrote on its website that the country has “plenty of well-trodden paths”. Head away from urban centres and you’ll find peaceful natural surroundings and … [Read more...] about Việt Nam ranks 10th among the best countries in the world
A-list singer devotes his heart and mind to satisfy concert-goers
A-list singer Dam Vinh Hung has once again proved his reputation after tickets for his show sold out long before the concert at the weekend. Singer Dam Vinh Hung at a press conference before his live concert, Có Những Niềm Riêng (The Innermost Feelings) in Hanoi. Photo courtesy of Thang Long Show Organisers say this is because of his live performance in August with My Tam was so popular, fans have been rushing to grab tickets for his next show. Entitled Có Những Niềm Riêng (The Innermost Feelings), the concert will take place on October 6 at the Melia Hotel Hanoi’s Grand Ballroom instead of the Friendship Palace as scheduled. The location has been changed due to a large fire last week that damaged completely the stage of the Friendship Palace. Hưng, aka Mr. Dam, said he has selected carefully a repertoire featuring both his hits and the ones that audience do not have chance to listen regularly. “I have always been … [Read more...] about A-list singer devotes his heart and mind to satisfy concert-goers
