Social housing

One of the rare old houses in the area of Hanoi's Old Quarter, the Heritage House at 86 Hang Bac Street is full of funky secrets. One of the most prosperous streets in ancient Hanoi was Hang Bac Silver Street . It is also the city's jewelry trade cradle, with many interesting historical stories. Hanoi's "well-off" street The timeless beauty of the heritage house at 86 Hang Bac Street. Photo: Bao Xay Dung Legend has it that Emperor Le Thanh Tong ordered Luu Xuan Tin, who was in charge of internal affairs, to set up a royal mint to cast coins and silver bars. As the mint required a large number of silversmiths, Luu Xuan Tin brought many skilled craftsmen from Hung Yen Province to Hanoi, who settled on Hang Bac Street. According to local historians, the first concrete evidence of the existence of Hang Bac is on a stele still found at 42 Hang Bac Street. It indicates that people were already living and trading on Silver Street in 1783. … [Read more...] about Hanoi’s heritage house of great historical imprints

A building near Bến Thành Market in downtown HCM City whose construction stopped at the end of last year. The property market slump is expected to continue until the end of 2024. — VNS Photo Bồ Xuân Hiệp Despite the Government’s efforts to address them, the challenges for the property market will continue until the end of next year, experts have warned. Speaking at a forum late last week, Nguyễn Văn Đính, chairman of the Việt Nam Real Estate Brokers Association, said the market would continue to struggle with limited access to capital, legal bottlenecks and companies’ inability to redeem bonds. A recent survey by his association found over 70 per cent of businesses saying Government policies aimed at resolving funding difficulties have not been effective, he said. Real estate transactions have plummeted by 90 per cent in 2022-23, indicating weak market demand, he said. Even after almost five months since its announcement, the Government’s VNĐ120 trillion credit package has … [Read more...] about Real estate market challenges to continue until end of 2024: experts

A condotel project developed by Nam Long Investment Joint Stock Company (NLG). NLG has approved a plan to issue corporate bonds with a maximum total value of VNĐ500 billion, expected to be implemented in the third quarter of this year. — Photo courtesy of NLG Real estate companies are continuously announcing plans to issue bonds to raise capital. The Board of Directors of Nam Long Investment Joint Stock Company (NLG) on September 19 approved a plan to issue corporate bonds with a maximum total value of VNĐ500 billion (US$21.2 million), expected to be implemented in the third quarter of this year. The bond lot is a non-convertible bond, with a term of five years, without warrants, with an expected interest rate of 9.6 per cent per year. With the proceeds, Nam Long will use them to invest in the Nam Long 2 Residential Area project in Nam Cần Thơ Urban Area, Cần Thơ City. The project has a total investment capital of VNĐ500 billion; total area of 43.8 hectares. In mid-February … [Read more...] about Realty firms look to raise capital via bonds