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Retailers seek Tet opportunity to increase sales

The days near the Lunar New Year (Tet) Festival are an opportunity for commercial centres, supermarkets, and shops in Ho Chi Minh City to take advantage of business opportunities and increase revenue. Retailers not only run promotions and ongoing discounts to attract consumers, but also pay attention to customer care services. Big C supermarket has organised two programmes—”Shock Prices in... 

Real estate market targets low-income earners

Vietnam plans to develop social housing and housing for the middle class in order to stimulate demand for real estate, said Minister of Construction Trinh Dinh Dung. He was speaking at a discussion with the National Assembly (NA)’s Economic Committee on January 24 on ways to solve the real estate market’s current downturn. At the meeting, NA Vice Chairwoman Nguyen Thi Kim Ngan stressed that any... 

Shares rise on hopes for real estate market

Strengthened investor confidence in market resurgence helped stocks extend their gains throughout the week on both national exchanges, with trading improving significantly compared to the previous week. Early last week, the market was buoyed by news of a possible “rescue” package for the real estate market, which lifted investors’ outlooks and drew money back to the stock market,... 

Real estate market expected to recover

Experts believe that in spite of the challenges clouding the sector’s outlook, the real estate market is bound to recover over the next two years. At a recent HCM City seminar discussing the real estate market’s potential, authorities identified some of the biggest contributors to the loss of trust among consumers and investors. These include a high inventory level representing great value, incomplete... 

Vietnam’s real estate market faces fierce competition

The Hoang Anh Gia Lai Joint Stock Company (HAG) disclosed on October 5 that approximately 100 apartments had been subscribed by customers after only two days of their announcement to sell condominiums at the Thanh Binh complex at discount rates. This is the second time since 2009 that HAG has launched a discount sale of apartments at very low rates. In 2009, the investors offered a discount of 40 per... 

VN ranks third in Asian Consumer Confidence

Consumer confidence has picked up across Asia/Pacific markets as concerns about slow growth lessen in the region, according to the latest MasterCard Worldwide Index for Consumer Confidence. Consumers in the region remain most optimistic in the markets of India (82.1 Index points), mainland China (77.4), Vietnam (77.2) and Thailand (75.8), while the least optimistic markets are Japan (23.6), Taiwan... 

Government to establish Department of Real Estate

The Ministry of Construction proposed the establishment of a General Department of Housing and Real Estate Market. Currently, the Ministry of Construction’s Department of Housing and Real Estate Market is unable to keep up with the demands of the market, according to many. This, they say, is a result of slow reaction to the realities of the market as well as slow implementation at the local level. The... 

Retail sales leap 6.5% in first half

Despite a decrease of 0.6 per cent in June, the retail sales value of goods and services in the first half of the year surged 6.5 per cent against the same period last year to VND1,137 trillion (US$54.2 billion), according to the General Statistics Office (GSO). However, the rise was lower than the 7-10 per cent recorded in the same period in recent years. Among the total, trade made up VND880.7 trillion... 

Vietnam’s real estate market to witness big assignment deals

Big assignment deals in the real estate market are expected to be made in some more days, when the market conditions are good enough for purchases and sales. Soho Vietnam, a real estate consultancy firm is conducting negotiations with its partners to promote some assignment deals. Soho Vietnam’s President Phan Xuan Can said he has in his hand the list of 10 investors, who have ordered to buy some... 

Optimism in HCM City real-estate market

There are optimistic signs of investors coming back to the real-estate market in HCM City after the State Bank of Vietnam (SBV) announced to lower interest rates. The general director of Dai Tin Real Estate Service – Trading Joint Stock Company, Phan Duc Tri, boasted that his company has made considerable achievements over the last week, when 16 out of 21 lots in a project in My Phuoc Commune, Binh... 
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