Illustrative image (Photo: VNA)
Can Tho (VNA) – The
Mekong Delta city of Can Tho
collected over 28.5 trillion VND (1.23 billion USD) to the State budget last
year, heard a conference hosted by the municipal State Treasury on January 6.
Of the figure, over 11.3 trillion VND was domestic revenue, or
102 percent of the estimate assigned by the
Finance Ministry and 94 percent set
by the municipal People’s Council.
Revenue from export-import reached 641 billion VND, or around
120 percent of the estimate, down 6 percent year-on-year.
As of December 31, the State expenditure surpassed 29.9 trillion
VND, more than 11.4 trillion VND was from State budget and the remaining from
Khanh Hoa, January 7 (VNA) – The
Van Phong Economic Zone
(EZ) in the central province of Khanh Hoa has so far attracted 153 investment
projects, of which 89 have become operational.
Of the total projects, there are 30 foreign-funded ones,
whose registered capital amounted to approximately 4.1 billion USD.
The Van Phong electricity plant project is the biggest among
them, with its investment reaching 2.58 billion USD and its construction
starting in October last year. The
build-operate-transfer project is expected
to create 2,000 jobs and account for 4 percent of the total electricity
generated nationwide once it is put into operation in 2023.
According to the management board of the zone, Van Phong has
Developer portfolios in restructure phase 09:00 | 31/12/2020
Less affordable housing is currently leading to price hikes, photo Le Toan
According to Nguyen The Nhien, deputy general director of Hung Thinh Land, the group has had to scale down its business due to the pandemic, and is carrying out more market research into its investment strategy. âWe are changing in the three key fields of developing more affordable products, offering reasonable price, and phasing out processes of payment to clients,â Nhien said.
According to the Ministry of Construction (MoC), the structure of real estate products in the Vietnamese market now is not sustainable with less proportion of affordable products, while this is now occupying the highest demand from buyers.
Red tape drives up prices, causes demise of affordable housing
By Hung Le December 29, 2020 | 02:00 pm GMT+7
Apartment buildings in District 2, Ho Chi Minh City. Photo by VnExpress/Quynh Tran.
Affordable housing, defined as costing below $1,000 per square meter, has all but disappeared from the market, experts said.
This segment, also called C-grade, has seen prices go up to VND30-35 million ($1,306-1,524) without any changes or improvements in quality, they said at the Housing Development 2021-2025 Conference recently held by the Vietnam Association of Realtors (VAR).
Nguyen Hoang, head of research and development at real estate consultancy DKRA, said his company has seen no houses or apartments priced at below $1,000 in the last 12 months, and tenants, buyers and investors have flocked to the VND30-35 million ($1,306-1,524) category.
Swing trading of apartments no longer attractive to investors 14:00 | 20/12/2020
Apartments are seemingly not attractive for swing trading at this moment. - Photo cafef.vn
âApartments are not as attractive as before and careful consideration must be given to swing trading,â Dao Van Duy, general director of Viet Nam Infrastructure Investment and Development Joint Stock Company told Dau tu Chung Khoan (Securities Investment) newspaper.
From the perspective of a developer, Duy said the reason the previously profitable apartment segment was not attractive to investors was encapsulated in the story of prices.
He said that with housing prices increasing continuously in recent years, developers had pushed prices to the ceiling, with the primary investors taking a large part of the profit and the possibility of any further increase in price being very modest. Many apartment building projects have not seen a price increase for many years.