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Real Estate Prices in Downtown Hanoi to Climb by 21 Percent
Dec. 14 – Land valuation in downtown Hanoi will increase by as much as 21 percent next year based on a new proposal submitted by the Hanoi People’s Committee. The proposal sets next year’s prices for the city’s main commercial streets like Hang Ngang and Hang Dao in Hoan Kiem District at VND81 million (US$4,300) […]
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IBM to Develop E-Government Center for Ho Chi Minh City
Dec. 11 – IBM will develop an e-government cloud for Ho Chi Minh City to enable a one-stop solution for government services and allow better access to government information. According to technology news site, Sys-Con Media, the company will first consolidate all of the city government’s e-mail systems and web sites. IBM will also be […]
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Hanoi Petitions for Additional US$144.5 Million for Anniversary Projects
Dec. 10 – The Hanoi People’s Committee is requesting for an additional VND2.6 trillion (US$144.5 million) for projects slated for the city’s 1000th anniversary next year. The city has 34 projects lined up of this kind with nine of those already completed that includes: The Hanoi Library, the statue of King Le Thai To, the […]
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Savills: Danang Tourism Property Market Taking Off
Dec. 9 – The central coast city of Danang’s tourism property segment is emerging said real estate company Savills Vietnam. Savills said that projects for villas are emerging quickly in the area with developments along the Son Tra-Dien Ngoc coastal road from Danang to Hoi An to be finished in a few years time.
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Vietnam to Sell US$1 Billion Foreign Bond in January
Dec. 9 – Vietnam will have a possible US$1 billion foreign bond offering next month to fund its many energy projects. It will be Vietnam’s first overseas bond since 2005 when demand for the bonds exceeded supply. “We want to sell it at the end of this year, but we don’t think we can make […]
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Vietnam Receives US$8.06 Billion Pledge from International Donors
HANOI, Dec. 8 – International foreign donors have pledged more than US$8 billion worth of official development assistance to Vietnam to maintain the growth of its macro-economy and help reduce poverty. The pledge was made official during a Consultative Group meeting in Hanoi that was attended by representatives from the World Bank, the Asian Development […]
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Exporters, Bank Plan to Build Bonded Warehouse in United States
Dec. 7 – State-owned Vietnam Development Bank and local exporters are considering plans to build a bonded warehouse in the United States for exports reports Thanh Nien News. This would aid local exporters cut storage costs and make more good readily available in the market. Vietnam Development Bank General Director Nguyen Quang Dung told Vietnam […]
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HCMC to Maintain Real Estate Prices
Dec. 4 – Authorities are determined to maintain real estate values in Ho Chi Minh City to maintain stability and avoid the market from overheating. In a new proposal only 17 of the city’s 2,890 streets will have their prices adjusted for 2010. The priciest piece of real estate is still Dong Khoi, Nguyen Hue […]
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Enterprises to be Allowed to Set Share Price for Foreign Investors
Dec. 3 – Companies choosing to equitize shares will soon be allowed to set their own prices for preferred foreign investors instead of following the initial public offering average price. The government will revised Decree 109 to accommodate companies who already have a preferred foreign investor in mind. Deputy head of the Steering Committee on […]
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Vietnam to Lift Ratio on Foreign Ownership to 49 Percent
Dec. 2 – Vietnam will soon raise the ceiling on foreign ownership in local businesses from 30 percent to 49 percent, says deputy chairman of the State Securities Commission (SSC) Nguyen Doan Hung during a workshop sponsored by Euromoney and the Ministry of Finance. The set ratio will include total chartered capital except credit institutions. […]