HANOI’S CONDO MARKET ATTRACTS FLOW OF FOREIGN CAPITAL
According to experts, Vietnam’s real estate market will continue to charm foreign investors thanks to high liquidity and alluring profit-making prospects. The latest report by CBRE, a leading real estate advisory firm, showed that a total of 8,800 new condos were put on sale in Hanoi’s realty market over the first quarter this year, 6,600 units of which have already found buyers.
PROPERTY MARKET REMAINS ATTRACTIVE TO INVESTORS
The real estate market continues to be attractive to investors, but the level of competition would be much higher this year and the following years. This was heard at the Vietnamese business forum: voices of property companies in the 2018-19 period held in Ha Noi on Wednesday. The forum was under the award ceremony of c.
GARMENT FIRMS SHOULD MEET WORKERS’ NEEDS
Garment and textile firms should understand the needs of their workers and invest in enhancing human resource management to sustain a productive and quality workforce, a seminar heard in HCM City last Saturday.
REAL ESTATE LOANS REMAIN HIGH IN SOME BANKS
Real estate lending continued to remain high at more than 10 per cent of the total outstanding loans in several banks. Online news portal Bizlive.vn reported that the top five banks recording a high proportion of real estate lending by the end of last year were Sacombank, 17.6 per cent; Techcombank, 12.6 per cent; LienVietPostBank, 11.6 per cent; Kienlongbank, 10.1 per cent and VPBank, 8.5 per cent.
BANKS CUT DEPOSIT RATES
Many banks have slashed deposit interest rates by 20-40 basis points given their ample liquidity, Tien Phong newspaper reports. Vietnam Prosperity Commercial Bank (VPBank) has lowered rates by 20 basis points for deposits of less than six months, 30 basis points for six- and seven-month tenors, and 40 basis points for savings of between eight and 11 months. This is the third deposit rate cut of VPBank in two months.
LOGISTICS SECTOR STRUGGLING TO MEET DEMANDS OF E-COMMERCE
The e-commerce sector in Việt Nam has seen remarkable growth in recent years, but a lack of uniformity in delivery and payment methods may lead to many businesses missing opportunities.
EDUCATION AND HEALTHCARE AMONG PRIORITY FDI SECTORS IN 2018-2030
New-generation FDI attraction for 2018-2030 will focus on education and healthcare, the sectors making the most added value, in addition to financial services, metal forging & chemistry, hi-tech equipment, logistics, and pharmaceutical.
AVCJ VIETNAM FORUM 2018
Attending the AVCJ Vietnam Forum in May aims to provide attendees with insights to Vietnam’s emerging private markets opportunity. Register now to find out the latest on deal sourcing, exit opportunities and the fundraising market, whilst networking with a host of LPs from across the globe.
