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Real estate market to greet new investments

After consecutive years of losses, several real estate firms in HCM City started to show more optimism in the market as the number of transaction is picking up. Savills Vietnam reported that, in the first quarter of 2014, 1,600 apartments were sold, the highest number in the last three years. …

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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 …

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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 …

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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 …

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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 …

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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), …

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Government to establish Department of Real Estate

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 …

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Retail sales leap 6.5% in first half

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 …

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