Le Xuan Nghia, Director of the Banking Development Strategy Department under the State Bank of Vietnam, has called for commercial banks to have a ‘more friendly view’ on real estate loaning.

While many senior foreign investment institutions are trying to sell stakes, new foreign investment funds are trying to purchase stakes. Experts have talked about the appearance of a new generation of foreign investors in Vietnam’s stock market.

Local retailers are accelerating their expansion plans, trying to cement their foothold in a sector that will be opened to foreign competitors early next year.

Despite great volatility this year, the Vietnamese property market is still considered one of the most attractive in Asia, a seminar that ended in HCM City on Wednesday heard.

Vietnam will experience less impact from the turmoil in the global financial industry than most other nations because its economy is not as tied to world markets, according to a fund manager.

A senior Chinese party member has proposed that the Vietnamese government further create favourable conditions for Guangdong Province to double its investment in Vietnam to 5 billion USD in the next three years.

Hong Kong’s Luks Group has clinched control of a Ho Chi Minh City property project, in a sign that Vietnamese firms are heeding government edicts to scale back investment in an overheated economy.

The Ho Chi Minh City real estate market has yet to recover though there has been an increase in the number of transactions this month, an industry expert told Thanh Nien.

Malaysian developer considering RM1b joint venture

Indochina Capital has managed to raise its third real estate fund to invest in Vietnam despite the global credit crunch and a local -residential market