November 23, 2011
Credit grew only 8.61 percent in the first 10 months Vietnam’s central bank expects bank loans to increase 15 percent this year, lower than the original target. State bank of Vietnam Governor Nguyen Van Binh said the growth will be kept at 17 percent or below next year. The monetary authority will focus on providing loans [...]
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November 19, 2011
A worker walking a bicycle loaded with construction steel on his way to a construction site in Hanoi The frozen property market and high interest rates have pushed steel producers into the red and some even face the risk of shutting down their business. Pham Chi Cuong, chairman of the Vietnam Steel Association, said [...]
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August 14, 2011
Government’s inflation fight will decide short-term future, analysts say Motorcyclists ride past a construction site in the suburbs of Ho Chi Minh City on August 8. For the first time in two years, land prices have gone down in Hanoi. Perhaps for the first time ever, developers are offering apartments in lieu of cash [...]
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July 20, 2011
Vietnam’s property market is still in its infancy Speculative trading is widespread in the real estate sector and it’s necessary to ensure bank credit is not just benefiting speculators, Minister of Construction Nguyen Hong Quan said. The market is facing many problems, with prices staying high and speculative activities hard to control, Quan said at [...]
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June 21, 2011
Staff members of a local export company (L) interview candidates for overseas jobs in Hanoi. Nguyen Van Nam has been on tenterhooks for the past week. He has completed most of the procedures for going to work in Taiwan next month, but has not managed to raise enough money to pay for the trip. “Earlier, [...]
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June 1, 2011
Women work at a plastic factory, which makes plastic parts for electronic production, in Que Vo District, outside Hanoi. Constrexim’s main products are interior furnishings like wardrobes, chairs and tables, but the company no longer finds it worthwhile to make them. It has shifted to making semi-finished products, mainly wooden planks, that are sold to [...]
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April 4, 2011
A woman walks past a panel promoting a real estate project during Vietbuild 2011, an exhibition on construction and property held in Hanoi last week The Ministry of Construction has proposed the establishment of a Real Estate Investment Trust (REIT), a fund that raises capital from the public to invest in property projects. The plan, [...]
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February 25, 2011
An investor checks stock movements at an exchange in Ho Chi Minh City. Many investors have dumped shares this week as news of a power price hike starting March triggered inflation worries. In addition, the slower credit growth target could restrict lending for investment in the stock market, experts say. The Ho Chi Minh Stock [...]
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December 12, 2010
 A woman and her son mending tires on Bui Thi Xuan Street, District 1, Ho Chi Minh City. Migrants have added to the poor population in Vietnam’s urban areas but, so far, their numbers have not been accurately been measured in poverty surveys, according to a recent study by Oxfam and ActionAid. A huge [...]
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November 27, 2010
A staff member arranges stacks of cash at a branch of Asia Commercial Bank in Ho Chi Minh City. Business owners are now complaining that higher lending rates will eat into profits. Despite the central bank’s efforts to curb inflation and stabilize foreign exchange rate, interest rates continued to rise, putting more pressure on local [...]
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