Vietnam real estate firms go 'all in' at year-end
After a quiet period, real estate businesses are looking to go "all-in" at the end of the year to gain revenue as well as warm up the market, with policies such as increasing discounts and lengthening payment periods.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam hospitality real estate at a standstill
Just one resort villa project with 40 units was introduced to the Vietnamese market in July and only one unit of this was sold, according to Vietnamese property consultancy DKRA.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Financial institutions ordered to report transactions from $17,000 to central bank
Financial institutions and institutions or individuals working in non-financial sectors must report transactions of VND400 million ($17,000) or above to the central bank from December 1 as part of the Law on Anti-money Laundering.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Cash withdrawals on national payment network halved to 6.56% in 2022
Cash withdrawal transactions on the system of the National Payment Corporation of Vietnam (NAPAS) halved from 12% in 2021 to 6.56% in 2022, said CEO Nguyen Quang Minh.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
HCMC real estate uncertainties worrisome: insiders
The Ho Chi Minh City Real Estate Association (HoREA) says visible “slowdown, stagnation and shrinking liquidity” are worrisome signs of uncertainty in the domestic real estate market.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singaporean firms become restaurant chain Golden Gate’s major shareholder
A 35.95% stake of Golden Gate, the operator of a leading restaurant chain in Vietnam, has been sold to a group of three Singaporean investors, while major shareholder Prosperity Food Concepts Pte Ltd said “good bye” to the company.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
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