A booth at the Long Hậu Supplier Day 2017 held on November 07 in the Mekong Delta province of Long An. — VNS Photo Văn Châu Viet Nam News LONG AN — Long Hậu Industrial Park held the Long Hậu Supplier Day 2017 on November 7 in the Mekong Delta province of Long An, which attracted more than 200 manufacturers and suppliers. … [Read more...] about Long Hậu Supplier Day 2017 held
Long term effects
HCM City (VNA) – The interest rates were kept stable in the first six months of 2018 while the lending rates for priority fields have decreased. The information was revealed at a meeting to review the banking activities in the first half of 2018 in Ho Chi Minh City on June 13. State and commercial banks cut about 0.5 percent per year in interest rates for consumers with good credibility. At current, interest rates of short-term loans stand at 6-9 percent while those of mid- and long-term loans are about 9-11 percent. Those with high credibility and financial capability could enjoy rates of 4-5 percent per year. According to Vice Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong, to ensure the liquidity of credit organisations and stabilisation of the monetary and forex market, the central bank will focus on the flexible management of open market operations in line with market developments and available capital of credit organisations. The bank will make it … [Read more...] about Interest rates kept stable in first half of 2018
Hanoi (VNA) – Credit institutions and foreign banks will be allowed to grant loans to some prioritised borrowers in excess of lending limits regulated by law beginning next month. Under Decision No.13/2018/QD-TTg, which will take effect May 1, the Prime Minister can consider approving loans exceeding credit limits in electricity, coal, oil and gas, transport and other prioritised industries, based upon the Prime Minister’s instructions. According to the State Bank of Vietnam, the new regulation seeks to help lenders and borrowers develop initiatives to carry out their projects, which are important to the nation’s socio-economic development. To qualify for the loans, borrowers are required to prove they possess no non-performing loans in the three consecutive years before the loan application date, while their debt ratio must be less than three times their equity capital, according to their latest quarterly or yearly financial statements. Their projects must also … [Read more...] about Excess loans to be permitted from May 1
Owners of Cocobay Da Nang condotels propose solution to profit problem Many owners of units at the Cocobay Da Nang condotel project have proposed to convert profits owed by Thanh Do Company into land or houses at Cocobay, according to a statement from Thanh Do. … [Read more...] about Will new legal document bring investors back to condotel market?
Hanoi (VNS/VNA) - Experts believe the State's issuance of ownership certificates for non-residential real estate projects will solve existing difficulties in Vietnam’s real estate market. The Ministry of Natural Resources and Environment last week issued new guidelines about the land use regime and the certification of non-residential construction works, such as condotels. “These new guidelines bring positive signals to Vietnam’s real estate market at the start of this year, especially for hospitality developers and investors,” Su Ngoc Khuong, Senior Director of Investment, Savills Vietnam, told Vietnam News. “If the guideline is officially implemented, it will provide great support and leverage for the hospitality sector.” Hospitality investors have two main sources of income: selling second-home villas and condotels, and entertainment activities and leisure services in their projects. Currently, as the revenue of hospitality services has … [Read more...] about Experts eye fix for condotel woes