Million Dong Per

HCM City has hundreds of flooded sites caused by flood tides and rains. Total losses caused by floods are estimated at over 14 trillion dong (nearly $780 million) a year.  Floods cause great losses to the city, directly and indirectly, according to a research work from the Institute for Irrigation and Environment. The research, based...

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VietNamNet Bridge – It’s smaller cheaper houses that will sell well in 2010 according to property experts. They say that it will be a good time to sell the apartments priced at 15 million dong per square meter and lower, according to Chairman of the HCM City Real Estate Association Le Hoang Chau. Anticipating a high demand...

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VnnNews –  While apartments were the choice of many property buyers it appears tastes are changing and instead people are wanting street-fronted houses. After a long period of escalation, prices of apartments in Hanoi have been decreasing over the last two months, coming back to the original prices Investors had hoped that prices...

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Finance Minister Vu Van Ninh and senior staffs of the State Capital Investment Corporation went public on December 15 with explanations of irregularities exposed by an official audit.  Until Vietnamese newspapers latched onto criticisms of extraordinarily high salaries contained in a report by the State Audit Agency early this month, SCIC...

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Though lending to people who bet on gold is a big source of profits for many banks, the directors of a certain bank are sounding a warning. Short sales & real obligations  “It was thousands of speculators making short sales and then being forced to make a real purchase of gold that was the main reason for the recent “gold...

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VnnNews - The central bank expected that allowing gold imports would force down the gold price, but it hasn’t turned out that way.   On November 24-25, gold was selling for 28.6 million dong per tael, an increase of about 33 percent since early June.  Gold price hike blamed on deteriorating dollar/dong exchange rate...

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The local gold market experienced a day of ups and downs on November 11 when the gold price hit 29 million dong a tael at 12 o’clock, the highest ever in history. Bao Tin Minh Chau gold store this noon. At 11.57am today, companies listed gold price at up to 29.20 million/tael, at least 200,000 dong higher than the price of 15 minutes...

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VnnNews – Sharp gold price increases have hit real estate transactions because it’s become too risky to deal in. The gold price exceeded the 26 million dong per tael threshold on November 9, the highest level in history. Analysts have warned that the 27 million dong per tael threshold is nearing. A lot of people complain that...

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VnnNews – Real estate developers believe that the package is not big enough to warm up the real estate market.   “The extended short term interest rate subsidy program will not have a big impact on the real estate market,” stated General Director of Dat Xanh Real Estate Company Luong Tri Thin. He noted that the program...

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