– It is believed that the Circular No 22, forbidding commercial banks from lending cash against gold collateral, which took effect on October 28, will help stabilize the gold and foreign currency markets. Le Tham Duong from HCM City Banking University said that the new legal document aims at easing pressure on the foreign exchange market, as well as lowering risks to the banking system. The circular also clearly shows the central bank’s... 

Singapore real estate groups have signed co-operation agreements with Vietnamese partners to promote investment in the real estate market of Viet Nam. CapitaLand Limited, through its wholly owned subsidiary CapitaLand (Viet Nam) Holdings, on Thursday signed for the first time a joint venture agreement with Vietnamese partner No Va Land Investment Group Corporation to develop a 9,000-square- metre residential site, worth US$40 million, in HCM... 

Berjaya Land Berhad, investor of Vietnam Financial Centre (VFC), after more than two and a half years of receiving investment licence, on late October 27 announced to carry out the project. VFC with an investment of $930 million will be built on a site of 6.8 hectares in HCM City’s dist 10. The centre will be a complex with five 39-48 storey towers including three office towers, two five-star hotels and trade centre. Nguyen Hoai Nam, Berjaya... 

Vietnam exposes to not only dollarization but also serious “goldization” as Vietnam’s gold reserve in 2009 is equivalent to 50% of Vietnam’s GDP at that time while those at the four biggest gold consumers in the world range from 1.8% to 2% GDP. This may have negative impact on the monetary policy’s effectiveness and stability of domestic macroeconomics in the medium term, said Le Xuan Nghia, Vice Chairman of Vietnam Financial National... 

Launching promotion campaigns, slashing sale prices, extending the payment deadline, fixing the sale prices in Vietnam dong instead of the dollar are the measures being taken by real estate developers, who are trying to warm up the frozen market. Slashing prices to boost sale The higher dollar has made the real estate market, which has been gloomy for a long time, even less attractive. The real estate trading floors in Cau Giay, Thanh Xuan and... 

Kien Giang province People’s Committee has lately approved the proposal submitted by Tan Tao Industrial Investment Joint Stock Co (coded ITA) to halt the implementation process of Hai Au artificial island project in Rach Gia City and the high-class industrial zone and urban area in Kien Luong Dist. At the same time, the local authority approved for ITA to conduct necessary procedures for adjusting Nam Du deep-water seaport project. The information... 

Local businesses are expecting more opportunities to open up for export in the near future as several free trade agreements (FTA) between Vietnam and other countries are being negotiated. In mid-October, the first session of a multi-national working party representing Vietnam, Russia, Belarus and Kazakhstan took place in Hanoi to prepare for the first researches on the impact of a free trade area between Vietnam and the Russia-Belarus-Kazakhstan... 

The Vietnamese stock market is very lacklustre in 2010. According to statistics, up to 90 % of investors suffered losses while only 10 % made a profit on this market. The Vietnamese stock market was rated the worst performer in the world in 2010. Shares plunged and investors vied to catch the “falling knife” but very people managed to catch it while a majority got “bloodletting”. Shares are manipulated As Vietnam lacks a perfect regulation... 

Vietnamese shares are undervalued and becoming attractive to foreign investors. It’s the good time to buy Vietnamese shares, the local newspaper Vietnamnews reported on October 28, citing Don Lam, CEO of VinaCapital as saying at its 2010 Investor Conference today The foreign investors in Vietnam’s stock markets tend to be institutional investors while the stock markets are mainly dominated by retail or small-scale investors, accounting for... 

Project transfer is really a normal thing in the real estate market. However, the realty project transfer wave has never been so strong as these days. Analysts said that a lot of real estate investors have become exhausted or tired of their projects after a long period of struggling with difficulties. The real estate market has been quiet for a long time, while commercial banks have restricted the loans to the real estate sector. As the result,...