For better or worse, stock exchanges tend to provide a good lightning-rod example of the overall health and expected future vibrancy of a country’s business strength. As Vietnam continues to move in the free market direction, the Ministry of Finance has added a further ‘plank’ to the economic floorboards by announcing its intention to have… Read more »
The State Bank of Vietnam (SBV) has been busy of late involving itself in a number of moves designed to strengthen the overall banking sector in the country. The most recent of these was the takeover of the Global Petro Bank (GP Bank), a move prompted by that commercial lenders’ alleged failure to address its… Read more »
Towards the end of June the Vietnamese government announced it had officially lifted its limit on foreign holdings in Vietnamese listed companies. The 26 June announcement significantly removes the investment restriction in stock exchange-listed public companies. In practical terms, the new position means that instead of a limit of 49 percent for all foreign holdings… Read more »
Policy changes instituted by the central government, alongside stimulus measures designed to attract investment in real estate, and strong GDP numbers have all helped in revitalizing the realty marketplace in Vietnam. Two years ago the Vietnamese central government decided it needed to try and revive the real estate market in the country, which had been… Read more »
According to reports, the government of Vietnam is set to make an announcement on 1 July this year where it will remove its current limits on foreign ownership of banks and other companies.[i] The current situation sets a limit of 30 percent foreign ownership of banks and 49 percent ownership of other public companies (the… Read more »
In late 2014 the Vietnamese central government passed a series of amendments to its property ownership laws with the aim of boosting what was an ‘ailing real-estate market’[i] and looking to put some life back into economic growth.
From 2015 the Asia Property Awards are to include Vietnam in its list of countries who are taking part. This will help the country showcase the best of its properties in the regional area. The Asia Property Awards began in Thailand back in 2006 by Ensign Media, who is also the publisher of the Property… Read more »
The Vietnamese real estate market has undoubtedly suffered over the last four years, and while many challenges still lie ahead, there now appears a belief that government action along with newly introduced laws have encouraged the opening of this market to those purchasing, investors and developers. One positive way this has been observed is by… Read more »
The recently approved law allowing for far more flexible foreign ownership of property is now in place, and the Vietnamese government expects a two-fold benefit. The first will be to boost the country’s sluggish real-estate market and secondly its intention is to accelerate the country’s economic growth. The government is targeting a 5.8 percent growth… Read more »
If you are currently living in Ho Chi Minh City you will no doubt know that it can get rather hot. With average highs of over 30 degrees Celsius throughout the year and an average humidity of 75%, you may find that a short venture out into the city soon has you running back home… Read more »
