News

Credit rating reflects macroeconomic strain

04/08/2013

Credit rating reflects macroeconomic strain Early this year, Fitch Ratings affirmed Viet Nam's sovereign rating at B+ with a stable outlook. With Viet Nam determined to restructure the whole economy with a focus on the banking system, Viet Nam News reporter Mai Huong talked with Ambreesh Srivastava, senior director of Fitch Ratings's Financial Institutions, South Asia, about the problems facing the domestic banking system.

Land Law must follow Constitution

04/11/2013

Land Law must follow Constitution  The adoption of the revised Land Law should be delayed until the approval of amended Constitution is completed, says law professor Pham Duy Nghia. He spoke with newspaper Thoi bao Kinh te Sai gon (Sai gon Economics Times).

Capital to focus on areas of chronic flooding

04/08/2013

Capital to focus on areas of chronic flooding HA NOI (VNS)— Ha Noi authorities have set up a pilot scheme to install cameras in underground sewers to detect the dumping of any building or other waste into the drainage system.

Housing conversion project raises doubts

04/08/2013

Housing conversion project raises doubts HA NOI (VNS)— As big apartments are divided into smaller ones to transform commercial housing projects into social housing, a move that aims to warm up the troubled domestic real estate market, experts question whether the conversion makes sense.

Vietnam's Land Law Reform: Is it Enough?

04/01/2013

Vietnam's Land Law Reform: Is it Enough? We conclude a six-part series on land in Vietnam with a look at the public debate on a revised law

Vietnam's First Billionaire And The Triumph Of Capitalism

04/01/2013

Vietnam's First Billionaire And The Triumph Of Capitalism
VNRE - On a brilliant morning last October Dong Khoi Street, the premier commercial thoroughfare in Saigon, was closed for nearly two hours to celebrate the opening of Vincom Center A, a precisely, if infelicitously, named shopping center. The development was remarkable, not just for its scale (410,000 square feet of commercial space; three floors of underground parking; a 300-room, five-star hotel) or for its high-end tenants (Versace, Hermès, Dior) but simply because it was opening at all. Vietnam‘s real estate market had been frozen hard since crashing in 2011, with at least 13.5% of the country’s $10 billion in real estate loans having gone bad.
With the help of Blessing Property, I found the perfect factory for my company"
— Frederic Rault, Hearticans Vietnam