CATCH THE BEST RATE TO ATTEND THE AVCJ VIETNAM FORUM
The AVCJ Vietnam Forum now in its 3rd year, continues to bring the leaders of the alternative investments industry in the region for a day of cutting-edge industry debate on Vietnam’s private markets and cross-border deal making.
REAL ESTATE TREND 2019 – 2020: OPPORTUNITY IN DIFFICULTY
The real estate market experienced a volatile year. The market was quite quiet in the second half of 2018; however, the overall picture of the 2018 market has many investors optimistic for 2019. According to experts, the market will likely encounter hardships in land fund, capital and administrative procedures, but investors will still find ample opportunities.
FOR OUTSIDE VIETNAM FOREIGNERS PERSONALLY APPLYING FOR E-VISA
Vietnamese visa is a kind of travel documents granted by Vietnamese competent authorities, providing permission to travel to and enter Vietnam.
VIETNAM ISSUES E-VISA TO NATIONALS OF 35 MORE COUNTRIES
With the changes to the visa policies, the tourism industry hopes to get 17-20 million foreign visitors by 2020 and revenues of $35 billion a year, contributing 10 percent to the country’s GDP compared to 7.5 percent last year.
HAI PHONG TO BUILD 5-6 INDUSTRIAL PARKS
The northern city of Hai Phong houses 13 industrial parks with 449 projects and intends to build additional five to six others in the coming years. Head of the Hai Phong Economic Zone Management Board Pham Van Moi reported that the city will build five to six industrial parks in the coming time.
DEVELOPMENT TRENDS THAT WILL SHAPE PROPERTY MARKET IN 2019
The real estate market remains strong in 2019 since the economy continues to grow robustly and there is a lot of investment flowing into infrastructure, thus attracting both domestic and foreign investors.
CIRCULAR ON RATING CREDIT INSTITUTIONS, FOREIGN BANK BRANCHES ISSUED
The State Bank of Viet Nam issued Circular No. 52/2018/TT-NHNN on rating credit institutions and foreign bank branches from 2019 onward.Credit institutions and foreign bank branches are divided into six groups including (1) large-scale commercial banks with a quarterly average asset value exceeding VND100 trillion; (2) small sized commercial banks with a quarterly average asset value equal to or lower than VND100 trillion.
PROPERTY FIRMS OPT FOR BONDS AS BANK LOANS DRY UP
Last month, property developer Vingroup unveiled plans to sell 20 million non-convertible bonds at VND100,000 (US$4.39) each in two phases without any covered warrants or guaranteed assets.
