Ttntag housing price

Land prices in the provinces of Binh Duong and Long An increased by 11 percent, with the latter accounting for 70 percent of new supply, according to a recent report by real estate developer DKRA. In Ho Chi Minh City, house and villa prices went up 15-20 percent from the beginning of the year, with new supply and consumption concentrating in the southern and western part of the city. In the provinces of Dong Nai and Ba Ria Vung Tau, house and villa prices rose by 10-20 percent from three to five months ago. Data of real estate developer Ngoc Chau A confirmed the same trend. Prices of land and houses in HCMC and neighboring provinces rose by 10-15 percent year-on-year in May, it said. Some areas saw prices surging by 20 percent from December last year, it added. Nguyen Loc Hanh, CEO of Ngoc Chau A, said part of the reason why land and house prices rise is the surge in apartment prices. HCMC is seeing more and more apartments priced at VND60-80 million per square meter, … [Read more...] about Southern land, house prices up by 20 pct

Real estate prices in Ho Chi Minh City skyrocketed during the second quarter of this year to hit record highs, with some villas in the city currently on sale for VND700 billion (US$30 million), according to statements given at a conference on Tuesday. At the 'Money Flow and Real Estate Trends in Late 2022' conference hosted by Cafeland , a real estate website, Vo Huynh Tuan Kiet, director of housing project marketing at CBRE Vietnam, shared that houses and villas in urban areas in the east of the city are currently on the market for prices ranging from VND200 million ($8,580) to $400 million ($17,200) per square meter. Regarding housing supply, Kiet said that the number of available apartments in Ho Chi Minh City soared to 12,000, up from about 1,000 in the first quarter of this year. The supply in the second quarter is nearly equal to that in the third quarter of 2019, a sign that the market is making a serious comeback. These apartments, however, are primarily high-end and … [Read more...] about Housing prices in Ho Chi Minh City hit record highs

One person was killed and another injured in a wall collapse that took place during the demolition of a house in Ho Chi Minh City on Sunday. The accident occurred at a house on Dang Nguyen Can Street in Ward 14, District 6 at around 8:25 am on Sunday, according to preliminary information. A group of workers were demolishing the house to prepare for the construction of a new one when a big wall collapsed and buried two people. Officers use a crane truck in their efforts to rescue the victims of the wall collapse in Ho Chi Minh City, June 26, 2022. Photo: PC07 After being notified, officers under the Fire Prevention and Fighting and Rescue Police Division (PC07) arrived at the scene to rescue the victims. With the help of a crane truck, officers eventually managed to move the victims out of the debris, but one of them had already died. The other suffered serious injuries and was rushed to the hospital for emergency treatment. Police are working to determine … [Read more...] about One killed as wall collapses during house demolition in Ho Chi Minh City

The constant rise in fuel prices has caused up to 55 percent of 99,000 fishing boats throughout Vietnam to stay ashore to avoid losses, according to the Ministry of Agriculture and Rural Development, which is calling for financial supports for fishermen. Fuel has become a so huge expense that many fishermen in the country are having trouble making a living. Gasoline and oil demand for fishing activities averages out at 330 million liters per month, according to the agriculture ministry, while the price of diesel 0.05S, the main fuel for fishing vessels, has spiked by 65 percent, or VND11,441 (US$0.49) per litter, since December 2021. In total, fuel costs needed to maintain normal fishing activities have skyrocketed by about VND3.776 trillion ($162.4 million) a month. While fuel costs usually account for 45-60 percent of fishing expenses, the other costs have also increased by 10-15 percent, raising the total expenses by 35-48 percent on average. Meanwhile, the increase in … [Read more...] about Vietnam agriculture ministry urges aid for fishermen as rising fuel prices keep them ashore

The farm gate prices for Thai jackfruit in Vietnam's Mekong Delta have dropped by VND2,000-3,000 (8-12 U.S. cents) per kilogram, but farmers are still struggling to find buyers, forcing many to leave jackfruits piling up in their gardens or use the crop as animal feed. Hoang Van Linh, a resident of Cai Lay District of Tien Giang Province, said his garden is full of ripe jackfruits, but traders simply are not interested. Linh has resorted to giving the harvest to family and friends. He switched from growing durians to jackfruits in 2016 when saltwater intrusion began affecting his growing operation. Now, with durians selling for VND40,000-50,000 ($1.7-2) per kilogram, he regrets the decision. “The Thai jackfruit trees on my farm are bursting with ripe fruits, but no one wants them,” complained Nguyen Van Tu, another farmer in Cai Lay District. Three years ago, when jackfruit prices were at VND40,000 per kilogram, Tu’s family was able to earn about VND5 million ($215) per … [Read more...] about Vietnamese farmers downbeat over tumbling Thai jackfruit prices

As more Vietnamese are seeking air travel services this summer, air ticket prices have increased as airlines are grappling with surging fuel costs and staffing challenges. Prices for flight tickets on many domestic routes operated by Vietnam’s five major carriers went up 20-40 percent for the last week of June compared to two months ago, according to an analysis by Tuoi Tre (Youth) newspaper. Airfares for international flights to and from Vietnam also soared 20-35 percent compared to pre-pandemic rates, according to a representative of Transportation Services Company (Worldtrans), a Vietnamese air charter provider. Dang Anh Tuan - head of communications of Vietnam Airlines, Vu Duc Bien - general director of Vietravel Airlines and other airline representatives all blamed rising fuel prices for the airfare spike. Fuel costs account for 30-40 percent of an airline’s total expenses, according to the International Air Transport Association (IATA). As fuel prices rise, airlines … [Read more...] about Airfares surge as domestic and int’l travel rebounds, fuel prices skyrocket