VietNamNet Bridge - A Vietnamese corporation has reportedly spent $14 million at an auction to buy a shopping mall in the suburbs of Marrickville in Sydney, Australia, taking the first step in its plan to penetrate overseas markets. Vietnamese spend more money to buy properties overseas Some months before, another business acquired an apartment project on Racecourse street in Kensington in Melbourne in a deal worth $6 million. Vietnamese businesses and individuals began looking for properties overseas some years ago. That has recently increased as the real estate price in Australia has fallen as a result of the Australian government’s moves to cool the market. European countries are also destinations that many Vietnamese investors are interested in, especially individuals who seek opportunities to get permanent residential cards. One of the reasons is that they want to have homes for their children who study at prestigious schools in Europe, especially in France and … [Read more...] about Vietnamese spend billions of US dollars to buy properties overseas
Sydney property market
VietNamNet Bridge – The condotel market on Phu Quoc, Vietnam’s largest island, is becoming increasingly attractive to foreign investors because of its prime location in one of the hottest tourism paradises of Vietnam and the prestige of the developers behind them. On March 8, a Boeing 787 of Swiss airline TUI Nordic, packed with Northern European tourists, landed safely at the Phu Quoc International Airport in the southern province of Kien Giang. The visitors started their winter vacation on the Pearl Island of Vietnam. A representative of the airline said that in the last months of 2016, TUI Nordic is going to have weekly flights to Phu Quoc Island. Phu Quoc Condotel attractive to foreign investors Besides being a popular destination for tourists from Russia, Singapore, Malaysia, and Thailand, Phu Quoc has recently started welcoming visitors from Europe. Many foreign airlines have recently opened routes and increased the frequency of flights to the island because … [Read more...] about Foreign investors flock to Phu Quoc condotel property market
Weaker-than-expected data from the United States and Europe triggered fresh doubts about the pace of global recovery Wednesday, with Asian markets trading broadly lower. February US consumer confidence data released Tuesday eroded expectations for sustainable consumer spending and a quick economic recovery in the United States, prompting a risk-averse reaction across Asia. "The market is looking for signs of economic recovery and growth," said analysts at IG Markets. "The latest set of consumer confidence figures isn't helping this view." A surprise decline in business confidence in Germany, Europe's biggest economy, also indicated sluggish recovery and hit sentiment towards the euro in overnight trade, before the single currency rebounded in Asia. The euro fetched 1.3543 dollars in Tokyo afternoon trade from 1.3509 in New York late Tuesday. It rose to 122.20 yen from 121.87. Tokyo fell 1.48 percent, or 153.27 points, to 10,198.83 with the relatively strong yen denting exporters' … [Read more...] about Global recovery doubts send Asian markets lower
VietNamNet Bridge - The land plots in the Can Gio District in the suburbs of HCM City are being hunted by investors, who plan to make a "double investment". They hope the land price would increase, thus bringing fat profit to them, and for the time being, they will breed salanganes to sell. Meanwhile, having realized the high demand from investors, many families in the Can Gio District, are joining forces with the companies that provide salangane breeding technology to offer to sell landed property here. … [Read more...] about Investors rushing to purchase landed property to keep salanganes
Your say (09-01-2009) Should foreigners be allowed to own property permanently? Next week: The article "Special children may need special loving" in the Viet Nam News on Tuesday raised the problem of raising children with special talents. Sometimes these children are prodigies, sometimes, they are autistic and have rare skills, but only in limited areas. Many parents, once they discover the real talent in their youngsters tend to let them focus on their speciality. Experts have warned that parents should not put too much pressure on those who have all-round talent as it can be burdensome. But how can children with special talents be recognised since Viet Nam has no criteria for recognising genuine child prodigies? How should their talents be developed? Should those children be allowed to learn beyond their normal age groups or just integrate with other students? We welcome opinions via e-mail, at: [email protected] or fax: 84 4 39332311. Letters can … [Read more...] about Should foreigners be allowed to own property permanently?