PROPERTY CREDIT: BETTER WELL-CONTROLLED THAN TIGHTENED
[12-04-2016] Long- and medium-term credit squeeze will undoubtedly affect the verve of real estate companies. In Vietnam, long- and medium-term credit increased rapidly, reaching 29 per cent in 2015, accounting for nearly 50 per cent of total loans.
BUSINESS HIGHLIGHTS €“ APRIL 4-10
[11-04-2016] Economic outlook still bright despite growth slowdown, FDI attraction up 125.2% in Q1, exports to China up 10.38% and new wave of Japanese investment to arrive in Viet Nam are economic highlights from April 4-10.
GARMENT INDUSTRY TRAINING FUNDED
[11-04-2016] The Government has offered financial support to the Viet Nam National Textile and Garment Group (Vinatex) for training the labour force in the textile and garment industry this year. The funds worth of VND63.5 billion (US$2.9 million) would come from the State budget for education and training activities, reported the Dau Tu (Investment) online.
CREDIT REDIRECTED TO PRODUCTION, BUSINESS
[09-04-2017] Credit this year would be oriented to flow more into production and business instead of non-production industries as done previously, experts said. In the latest report on prospects of the banking industry released this week, analysts of Vietcombank Securities (VCBS) forecast that credit growth this year would be roughly 16 per cent, lower than the 18 per cent rate of last year, because credit would focus more on production and business.
NA APPROVES EXTENDED US VISA RIGHTS
[11-04-2016] Vietnam is expected to attract more US investments and tourists following the raising of its visa validity for Americans from the existing single-entry, three-month visa to a multiple-entry, one-year version. Thanh Tung reports on the potential impact of this new visa policy.
REAL ESTATE BUSINESS: RESTRICTIONS FOR FOREIGN INVESTORS
[07-04-2016] Real estate is one of the areas that attracts great interest from investors in Viet Nam. However, investment in this sector is currently restricted by quite a few regulations.
M&A INFORMATION TO BE RELEASED
[08-04-2016] Information related to mergers and acquisitions (M&As) of credit institutions is awaited as the season of annual shareholders' meetings is around the corner. Late last year, the central bank said that the number of credit institutions would be cut from the current 34 to roughly 17 to 19. Therefore, it is possible that more M&As will be announced.
MORE AFFORDABLE HIGH-QUALITY OFFICE IN 2016
[05-04-2016] No more Grade A building will enter the office market later in 2016, according to CBRE Vietnam. At its April 5 press conference reviewing the first quarter of Hanoi’s property market and provide forecasts for 2016, CBRE expected that approximately 290,000 square metres would come on stream throughout the year.
