Vietnam expands foreign property ownership rules

Honour businesses at DOT Property Southeast Asia Awards 2019 More than 200 of real estate’s best and brightest attended the DOT Property Southeast Asia Awards 2019 presentation ceremony hosted in Bangkok in which a number of outstanding Vietnamese companies were honoured. Nearly 50 awards were presented during the evening with winners hailing from Vietnam, the Philippines, Thailand, Malaysia, Indonesia and Singapore. Held at Park Hyatt Bangkok, the special evening's highlights included the award for the first People’s Choice Award for Project of the Year Southeast Asia, which was won by Bangkok condominium BEATNIQ from Thai developer SC Asset. The award was voted on exclusively by the public who were impressed with BEATNIQ’s quality. The night’s biggest honour was Developer of the Year 2019 with several developers vying for the title. The prestigious award was presented to Vietnam’s Novaland Group. It was one of two awards won by Novaland Group on the … [Read more...] about More than 45 winners celebrate DOT Property Southeast Asia Awards 2019

The two-day conference features six seminars focusing on partnerships between Vietnam and foreign NGOs in several prioritised areas. (Photo: VNA) Hanoi (VNA) – Improving the legal environment and creating favourable conditions for better reception, management, and use of aid from foreign non-governmental organisations (NGOs) are needed to realise the target of poverty reduction and sustainable development, an official has said. Vice Chairman of the Vietnam Union of Friendship Organisations (VUFO) Phan Anh Son made the remark at the 4th International Conference on Vietnam – Foreign NGOs Cooperation, which wrapped up in Hanoi on December 13. He said NGOs have significantly contributed to the socio-economic development in Vietnam. Therefore, it is necessary to promote the application of information technology to shorten time in handling administrative procedures for NGOs. The official also suggested strengthening mechanisms for data sharing and seeking more effective ways … [Read more...] about Improving legal environment for foreign non-governmental work

Apartment buildings in Hà Nội. The selling prices of real estate products are expected to remain largely unchanged in the second half of the year. — Photo cafef.vn HÀ NỘI — The supply of real estate products is expected to surge in the second half of the year but a market bubble is unlikely to form, according to general secretary of the Việt Nam Association of Property Brokers Nguyễn Văn Đính. Selling prices are unlikely to change much as demand remains high. Đính told a meeting earlier this week that supply and the number of transactions in the property market in the first six months of the year were reduced from the first half of last year. Decreasing supply in the second quarter was due to tightened credit policies in the real estate market. “However, demand in the property market was high in the January-June period in the two big cities," he said. "The real estate prices therefore were … [Read more...] about Property supply expected to increase in H2

Trade Foreign trade value seen exceeding US$500 billion this year The Saigon Times Daily Friday,  Dec 13, 2019,17:42 (GMT+7) Foreign trade value seen exceeding US$500 billion this yearThe Saigon Times Daily Workers process fruit for export at a factory owned by Nafoods Group. Vietnam's foreign trade value may exceed US$500 billion this year - PHOTO: VNA HCMC - Vietnam is expected to enjoy a high trade surplus for the fourth consecutive year and its import-export revenue may surpass US$500 billion this year, according to the Ministry of Industry and Trade. At a regular press briefing by the ministry in Hanoi on December 12, Deputy Minister Do Thang Hai said that the country had a trade surplus of US$2.68 billion in 2016, US$2.7 billion in 2017 and US$7.58 billion last year. The figure may exceed US$9 billion this year. In January-November this year, export revenue grew 8%, while import spending expanded 6.6% over the … [Read more...] about Foreign trade value seen exceeding US$500 billion this year

Hanoi (VNA) – Vietnam’s fleet of aircraft expanded 3.5 times over the last decade, Director of the Civil Aviation Authority of Vietnam Dinh Viet Thang told a recent seminar on Vietnam’s aviation industry in Hanoi. The seminar on opportunities and challenges of Vietnam’s aviation industry was held by the Ministry of Transport on December 11. From 2008 – 2019, the industry saw impressive growth, Thang said, with the number of passengers and volume of cargo experiencing 5.2-fold and 3.2-fold increases, respectively. The number of domestic and international flights grew by 2.4 times and 2.44 times, respectively, he continued. Such rapid growth corresponds to the development of the economy and promotes competitiveness in the industry which benefits passgeners, he said./. VNA … [Read more...] about Vietnam’s aircraft fleet expands 3.5 times last decade