Most distressed real estate markets

HCM City (VNA) – Experts gathered at a recent conference in HCM City to discuss measures to develop a transparent and sustainable property market in Vietnam in the next 10-15 years. Nguyen Duc Hien, deputy head of the Party Central Committee’s Economic Commission, said the real estate market plays an important role, creating valuable assets for the economy, meeting housing demands of residents, and facilitating the development of other markets. However, he noted that the market still sees many limitations such as unsustainable development, ineffective market management due to inconsistent policies, and complicated administrative procedures related to property investment. The country's authorities should focus on amending real estate laws to eliminate inconsistencies and incorporate policies to encourage social housing over the next decade, said Deputy Minister of Construction Nguyen Van Sinh. The Government and the Party had been rolling out numerous policies to support … [Read more...] about Experts seek ways for sustainable, transparent real estate market

“The VN-Index suddenly fell quite deeply to below the level of 990 at the beginning of the morning, but the demand gradually returned, helping the index reverse and end the session with a slight increase,” said BIDV Securities Co. … [Read more...] about Shares recover on improved liquidity and foreign net-selling

However, the real long-term land value will come from the eventual development in this new urban area. If land speculators continue to push land price higher and higher, property developers will have to acquire land at higher cost. This will increase the property development cost and developers will have a huge challenge in maintaining its sale price. As a result, higher property development cost will translate to higher property sale prices. On the flipside, the products and sale prices of properties will depend on market demand and supply. … [Read more...] about East Ho Chi Minh City development ramps up

“For example, while deferring some taxes and insurances is beneficial to some, many businesses see only limited assistance from these programmes,” AmCham Hanoi’s executive director Adam Sitkoff told VIR. “Small businesses need loans to stay alive. We hear from many businesses that are unable to access low interest loans under the government’s loan support package because banks have been rejecting applications over concerns about the borrowers’ ability to repay, and borrowers not being able to show positive cash flow. This seems to be a particular problem in the tourism and hospitality sector right now. We hope government decision-makers can address those standards quickly.” … [Read more...] about Businesses line up for further support

The amount of data we can use is huge. Of course, we know the financial transactions, but for example, by analysing the usage of our mobile app we can understand what products they are interested in, at what time they are looking for information, what items they are purchasing etc. So there's much more information we have on the customer than pure transaction data. The amount of data you can actually get as a bank is so rich compared to what we're currently doing. Banks in Việt Nam are still very much behind in terms of innovative technologies in data mining. In fact, very few banks in the world are close to the experience you can get from Amazon or Google. But you can close some of these gaps very quickly. It's a question of dedication to having the right talent and putting the resources in to collect this data and transform it into insights and ultimately action. We're really serious about this and are hiring people who are well ahead in these capabilities to join Techcombank. … [Read more...] about Techcombank forerunner in digital transformation in Việt Nam’s finance industry: CEO