I. ECONOMY 1. Manufacturing: 1.1. Industrial manufacture: - Estimated value of industrial manufacture in 4/2009 is VND 6,405.5 billion (fixed price in 1994), up 1.4% against last month. The first four months reach VND 24,982.5 bil, achieving 27,2% of the plan and up 6,9% compared with the same period last year. a/ Central state industrial sector: Estimated value of industrial manufacture in 4/2009 is VND 674.9 billion, equal to 96.2% last month; the first four months reach 2,446.5 bil, achieving 25.4% of the plan, equal to 95.2% the same period last year. … [Read more...] about Socio-Economic Overview in April 2009 and the first four months of 2009; Some key tasks in May 2009.
Turn key property management
By Dinh Dung and Mong Binh - The Saigon Times Daily HCMC - Experts at real estate consulting companies are of the opinion that foreign companies are taking more careful steps towards Vietnam’s real estate market due to its current limbo, though some of them have acquired projects and are working on good developments. K. P. Singh, general director of DTZ Vietnam, and Chi Edward, chief executive officer of Coldwell Banker Vietnam, shared the concern with the Daily one day after The Ascott Limited took a 90% stake in Somerset Central TD Hai Phong City for US$9.45 million. Ascott said the acquisition in line with its conditional joint venture agreement with Thuy Duong Investment Joint Stock Co. on Tuesday would allow it to take control of the development of the serviced residence. In 2009, Thuy Duong awarded Ascott the management contract for the 132-unit Somerset Central TD Hai Phong City. Ascott will inaugurate the international serviced residence in the second half of 2012 and … [Read more...] about Foreign investors more cautious about property market
As a developing country which is integrating in the international economy, Vietnam increasingly needs investment for development. Public debts are still important financial sources to offset state budget deficit for economic growth and sustainable development. Public debt effectiveness depends largely on policies of debt management. As a developing country which is integrating in the international economy, Vietnam increasingly needs investment for development. Public debts are still important financial sources to offset state budget deficit for economic growth and sustainable development. Public debt effectiveness depends largely on policies of debt management. … [Read more...] about Improving public debt management
Latest interest rate cut may not be sufficient to revive demand, experts say The State Bank of Vietnam has significantly eased its restrictions on real estate lending, raising hopes for the property market after two years of stagnation. However, experts remain cautious, saying the latest moves may not help the market overcome the slump in demand. Nguyen Van Binh, governor of the State Bank of Vietnam, said real estate loans were restricted last year in an attempt to control inflation. "Now that liquidity has improved and inflation has eased, the restrictions need to be lifted gradually," he said. Home prices are more reasonable and easing credit rules will help property developers clear their stock, he said, adding that more home sales will boost other sectors, including cement and steel. Binh said the restrictions have been significantly eased for both first-time home buyers and speculators. The central bank, however, will continue to limit lending to hotels, resorts and office … [Read more...] about Property market recovery not round the corner
According to Prime Minister Nguyen Tan Dung, the central mission of the government in the 2011-2016 term is making a breakthrough in three week points, which are considered as the hindrance for development, to create favorable conditions for restructuring the economy and changing the growth model. After being elected as the PM for the second term, the PM raises key tasks of the new cabinet in an article. would like to introduce it to our readers. The 11th National Party Congress put forward the 2011-2020 socio-economic development strategy with the overall target of "Striving to turn Vietnam into a basically modernity-oriented industrialized country by 2020; with socio-politic stability, democracy, discipline, consensus; the people's material and spiritual life clearly improved; independence, sovereignty, unity and territorial integrity maintained; Vietnam's rising role in the international arena continued to be heightened; creating firm premises for higher development in the next … [Read more...] about PM points out key missions of the new cabinet