Real estate

Remittances to Ho Chi Minh City are expected to reach some 5.3 billion USD in 2019. (Photo: tinnhanhchungkhoan.vn) HCM City (VNA) – Remittances to Ho Chi Minh City are expected to reach some 5.3 billion USD in 2019, a year-on-year surge of 9 percent, despite unfavourable global financial and monetary market, according to Deputy Director of the State Bank of Vietnam’s Ho Chi Minh City branch Nguyen Hoang Minh. Minh said that Vietnamese expatriates remitted roughly 4.3 billion USD to the southern hub as of the end of November. The flow of money has played an important role in economic development as well as stability of foreign currency supply in the city, he stressed. Vietnam was expected to remain one of the top ten remittance recipients in 2019, according to the latest edition of the World Bank’s Migration and Development Brief. Around 16.7 billion USD in remittances was projected to flow into Vietnam for the full year, making the Southeast Asian country the … [Read more...] about Remittances to HCM City expected to pick up 9 percent

Friday's Tale Chaotic condotel business By Son Nguyen Thursday,  Dec 5, 2019,20:42 (GMT+7) Chaotic condotel businessBy Son Nguyen All are in a mess – for State agencies, localities, businesses, and property buyers – after the owner of the property project Cocobay in Danang City announced that it could no longer live up to its promise of paying an annuity of 12% for buyers of its condotel units. The shockwave is felt, not only because of the extent of imminent damages caused by the project’s failure as Cocobay is probably the biggest condotel project in the country. Rather, it is because the collapse of this business model at Cocobay is seen having a domino effect on a business sector that has shot to “stardom” lately. Confusion is also seen as authorities rush to handle projects that are now moving to brinksmanship in the absence of a legal framework. The collapse, say experts, is just a matter of … [Read more...] about Chaotic condotel business

Home Vietnam U-22 send Thailand U-22 packing; four more golds for VN at SEA Games By Vu Duc Thursday,  Dec 5, 2019,19:24 (GMT+7) Vietnam U-22 send Thailand U-22 packing; four more golds for VN at SEA GamesBy Vu Duc Vietnam’s striker Nguyen Tien Linh celebrates scoring in the SEA Games final match in group stage against Thailand in the Philippines today, December 5 - Photo: VNA HCMC – The Vietnam U-22 football squad cruised through the semifinals in the SEA Games even though they suffered a shocking start in the final game in the group stage in the Philippines today, December 5. Vietnam came from behind in the first 11 minutes of the showdown to draw 2-2 with archrivals Thailand U-22. Vietnam played aggressively but Thailand put pressure on their opponents from the start. The Thais had some real scoring opportunities in the very first minutes and striker Supachai surprisingly opened the score for Thailand … [Read more...] about Vietnam U-22 send Thailand U-22 packing; four more golds for VN at SEA Games