Bad debts falling in Vietnam's ailing banks, gov't says

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Báo Thanh Niên English 2 day(s) ago

Bad debts falling in Vietnam's ailing banks, gov't says

The ratio of non-performing loans held by Vietnam's troubled banks eased slightly in the first quarter as they have become better at controlling bad debt, though the overall level of NPLs remained high, the government said on Monday.

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Investors remain pessimistic over realty market

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Báo Tuổi Trẻ English 1 day(s) ago

Investors remain pessimistic over realty market

The government’s recently-released house-buying stimulus has failed to make investors optimistic about the shares of construction or real-estate companies, which posted gloomy business results at recent shareholder meetings.

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Package looks to provide silver bullet

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Báo Đầu Tư English 1 day(s) ago 1 related news

Package looks to provide silver bullet

A long-awaited VND30 trillion ($1.44 billion) credit package was last week rolled out to act as a silver bullet to unlock the stagnant property market.

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Flamingo developer putting on a brave face

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Báo Đầu Tư English 1 day(s) ago

Flamingo developer putting on a brave face

Despite the real estate market downturn, Hong Hac Dai Lai joint stock company – the developer of Flamingo Dai Lai Resort outside of Hanoi - is pushing ahead with sales of its Do Quyen and Bach Thanh villas.

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Market remains challenging

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Báo Đầu Tư English 1 day(s) ago

Market remains challenging

Vietnam’s struggling real estate market is still facing many challenges ahead.

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Officials question housing inventory surge

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Báo Thanh Niên English 1 week(s) ago

Officials question housing inventory surge

New statistics show that real estate inventory rose sharply over the first quarter despite a lag in new projects, but officials suggest that last year’s stats may have ignored unfinished units while this year’s included all planned housing.

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Who lives in that new villa? Nobody

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VietnamNet English 3 day(s) ago

Who lives in that new villa? Nobody

VietNamNet Bridge – The shortage of relevant infrastructure facilities combined with the real estate slump has resulted in 60 per cent of villas and townhouses in new urban areas in Hanoi being left unfinished and unused.

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State Bank package fires property market

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VietNam News English 3 day(s) ago 1 related news

Property developers are beginning to sell apartments in anticipation of the State Bank's credit package of VND30,000 billion (US$1.5 billion) for builders, the Sai Gon Giai Phong ( Liberated Saigon) newspaper reported.

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Property inventories on the rise during first quarter

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VietNam News English 3 day(s) ago

Inventories of apartments nation-wide soared 20 per cent as of March over the figure at the end of last year, reaching more than 33,852 units.

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Thirty-nine projects lose licences

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VietNam News English 3 day(s) ago

Southern Dong Nai Province proposed to the provincial People's Committee to revoke licences of 39 property projects, worth totally US$2.1 billion, due to the stagnant implementation.

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Difficulties of local property developers mean opportunities for foreign investors

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VietnamNet English 3 day(s) ago

Difficulties of local property developers mean opportunities for foreign investors

VietNamNet Bridge – Foreign investors have been flocking to Vietnam to hunt for real estate projects, which is believed to help warm up the market. However, the market price would be forced down by 50 percent at least.

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Transition of unsold properties to social housing under consideration

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Báo Tuổi Trẻ English 7 month(s) ago 2 related news

Transition of unsold properties to social housing under consideration

The transition of unsold properties to social housing projects will be put into consideration, said a senior state official.

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Real estate troubles raise serious debate

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VietnamNet English 4 day(s) ago

Real estate troubles raise serious debate

VietNamNet Bridge – Arguments regarding property market development, the government’s supportive measures and market perspective were bandied about by scholars, developers and property consultants in a VIR-backed real estate roundtable in Hanoi last week.

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Life made easier for foreign homebuyers

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SaigonTimes English 4 day(s) ago

Life made easier for foreign homebuyers

HCMC – The Ministry of Construction will relax regulations to make it easier for foreigners and overseas Vietnamese to buy homes in Vietnam, said Deputy Minister of Construction Nguyen Tran Nam.

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More staff recruited by realty brokerage firms

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SaigonTimes English 4 day(s) ago

More staff recruited by realty brokerage firms

HCMC – Regardless of the current woes faced by the real estate market, many realty brokerage firms are racing to recruit more staff to expand operations and deploy new business plans to approach customers and market products more effectively.

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