Articles worth reading
Image : French foreign minister calls for end to Aleppo 'massacre'

French foreign minister calls for end to Aleppo 'massacre'

person Orange Themes access_time Oct 24,2016

France's foreign minister urged the international community to "do everything" to end the "massacre" in the Syrian city of Aleppo on Sunday after fighting resumed following a 72-hour truce declared by Damascus ally Russia. Speaking in the

Image : UN Syria envoy to meet Trump team

UN Syria envoy to meet Trump team

person Orange Themes access_time Dec 08,2016

The UN's peace envoy for Syria said Thursday he was planning to have meetings with US President-elect Donald Trump's transition team. Staffan de Mistura, who has been leading diplomatic efforts to end the five-year war in Syria, told reporters that

Image : US stocks close higher as Nasdaq hits record high, oil rises

US stocks close higher as Nasdaq hits record high, oil rises

person Orange Themes access_time Dec 27,2016

Yahoo News A day of quiet trading on Wall Street ended Tuesday with the Dow Jones industrial average inching closer to 20,000 and a record high for the Nasdaq composite.

Latest blog articles

Ministry eyes promoting stable realty market

access_time Aug 22,2016 chat_bubble_outline 87 views


Ministry eyes promoting stable realty market

A view of urban areas in west of Sai Gon River in HCM City. The construction ministry is drafting a project on management of the property market. - VNA/VNS Photo The Anh

HA NOI (Biz Hub) — The construction ministry is drafting a project on management of the property market through six measures to support transparency and stability, Minister of Construction Pham Hong Ha said.

Ha said at a meeting with property developers -- held by the Viet Nam Real Estate Association last week -- that the property market in the first seven months of this year was stable and that no unusual developments were seen.

However, there were potential risks to which special attention must be given.

Ha said the imbalanced developments in supply and demand of luxury projects and housing projects for low-income earners were a problem, adding that oversupply of the former and shortage of the latter had been forecast from the beginning of 2017.

Viet Nam needs 10 million square metres of social housing, but currently has only 30 per cent of that. In addition, there is a severe shortage of housing projects for lease.

Promoting social housing developments would be the focus, and policies would be prepared to encourage property developers to invest in this segment, Ha said.

The concentration of the credit flow in high-end projects or a minority of developers was another risk, although outstanding loans in the property sector remained at a safe eight per cent of the total outstanding loans, he said. Ha said property developers should tighten management of their own projects to ensure liquidity and be prepared for credit tightening policies.

Ha said while there was some speculation in some projects, it had not become a widespread phenomenon.

The ministry would closely watch the market developments to ensure sustainable growth and efficient and cost-effective use of resources, Ha said, stressing the importance of the real estate market in macro-economic stability.

Ha said financial resources for property development played a key role. "It's time Viet Nam eyed new capital sources such as from real estate investment trusts," Ha said. Capital for property development in Viet Nam main comes from developers, banks and citizens.

In the draft, the ministry is seeking to prepare policies to accelerate the capital market for property development. Improving the transparency of the property market is also an important measure.

Ta Van To, general director of the CEO Group, said the ministry should hasten the simplification of administrative procedures.

President of the Viet Nam Real Estate Association Nguyen Tran Nam said detailed instructions for transactions in unfinished property projects were needed, together with tighter management to ensure compliance.

Nam said the construction ministry should work with relevant ministries and agencies to publicise areas where foreigners would not be allowed to buy houses or apartments.

Nam said the association expected to jointly work with construction authorities in building a market database that was necessary to boost the development of the real estate market. — VNS

Carrie Fisher's Death: What Happens When the Heart Stops Beating?

Actress Carrie Fisher died today (Dec. 27), after suffering a heart attack while on a flight from London to Los Angeles on Dec. 23, People magazine reports. Fisher was 60 years old.Fisher, who shot to fame in her iconic role as Princess Leia in the "Star Wars" films, is reported to have had a heart attack 15 minutes before the plane landed at LAX, according to TMZ.An emergency medical technician who was on board the flight administered CPR on the plane, TMZ reported. Once the plane landed,… chat_bubble_outline Read More...

HCMC records 62 Zika virus cases

The Ho Chi Minh City Preventive Medicine Center yesterday said that as of November 21, districts reported five more cases of Zika virus, bringing total infection cases to 62 citywide. Five more cases live in districts Binh Thanh, Tan Binh and Go Vap. The city Department of Health said that warning of travelling limits has not been issued yet people especially pregnant ones should actively avoid being bitten by staying inside the mosquito net and killing the insect and its larva. Because of… chat_bubble_outline Read More...

Arena to experiment with more combinations against Jamaica

CHATTANOOGA, Tenn. (AP) — After a dismal 0-0 tie against an inexperienced group of Serbians in his first game as U.S. coach in more than a decade, Bruce Arena gets one more look at the domestic part of his player pool when the Americans play Jamaica in an exhibition on Friday night ahead of the resumption of World Cup qualifying.Arena said defenders Walker Zimmerman and Jorge Villafana will play against the Reggae Boyz, with Zimmerman making his international debut five days after… chat_bubble_outline Read More...

Japanese website to promote tourism in Da Nang

The central coastal city of Da Nang and the Japanese software company Digital Ship have teamed up to build a Japanese-English website called "Happy Da Nang" aimed at boosting Japanese tourism in central Vietnam. A Japanese restaurant introduces Japanese cuisine at the annual Viet Nam-Japan Cultural Exchange in Da Nang.  Kozaburo Yazawa, manager of Digital Ship and the owner of a Japanese restaurant in Da Nang, said the website will provide tourism information about the Japanese… chat_bubble_outline Read More...

Summer tour bookings grow 30%

Travel firms said bookings of their domestic and international tours this summer, especially those to seaside destinations and islands, have expanded by 25-30%. Tourists are seen at a beach on Phu Quoc Island off mainland Kien Giang Province. Travel firms said bookings of their domestic and international tours this summer have expanded by 25-30% Tran Thi Bao Thu, marketing and public relations director at Fiditour, said the HCMC-based company had seen bookings of domestic trips rising by… chat_bubble_outline Read More...

folder_open Assigned tags



Trends in Singapore

Trends in Indonesia

Trends in Philippin