banks npls still an elephant in the room

Banks’ NPLs still an elephant in the room

The banking system’s accumulation of bad debt and the transparency of inspection results of credit institutions have become a hot topic of discussion. Truong Ngoc Anh, chief of the Secretariat of the Banking Supervisory Agency, shares his views with VIR’s Nguyen Trang.
deathbed market slowly breathing

Deathbed market slowly breathing

Hanoi’s real estate market is starting to show some vital signs of life.
fund to open the door to housing

Fund to open the door to housing

The Ministry of Construction is looking to nail down a housing fund in Hanoi and Ho Chi Minh City in early 2013.
battlefields spoils of victory

Battlefield’s spoils of victory

The battle in the second home market is hotting up with more provinces and cities vying for a share of the spoils.
committing to give firms room to move

Committing to give firms room to move

The first anniversary of Vietnam’s accession to the World Trade Organization (“WTO”) on January 11, 2008 marked the end of the first phasing-out of the 30 per cent cap on room for foreign investors in Vietnamese services companies. Foreign investment can be now expanded in many service sectors that could give foreign and domestic investors enormous opportunities.
fresh capital to make a big splash at ban gioc

Fresh capital to make a big splash at Ban Gioc

Tourism investors are set to pour funds into the Ban Gioc waterfall bordering China. Decision 134/2007/QD-TTg will result in a 1,000 hectare tourism zone being created in Cao Bang province’s Trung Khanh district.
five star resorts to illuminate tourism skyline

Five-star resorts to illuminate tourism skyline

Quang Nam has given three investors the green light to build five-star resorts in the Chu Lai Open Economic Zone.
golf course to headline long bien tourism development

Golf course to headline Long Bien tourism development

Vincom Joint Stock Company has revealed ambitious plans to invest $125 million in a tourism complex, including a 36-hole golf course, in Hanoi’s Long Bien district.

Exporters get hot under the collar

Local lawyers are saying a Bush administration deal with two US state Republicans to apply monitoring measures against Vietnam’s garment and textile exporters - part of the process of accelerating the granting of Permanent Normal Trade Relations - is contrary to equal treatment rules among WTO member countries.