The domestic price of gold on the morning of May 16 decreased by VND350,000/tael compared to the previous day. At Vietnam Technological Commercial Joint-Stock Bank (Techcombank), SJC gold was traded at VND40.8-41.05 million/tael. The price of SJC gold was listed at VND40.77-40.97 million/tael in Ho Chi Minh City but at VND40.99 million/tael in Hanoi. At Saigon Thuong Tin Commercial Joint Stock Bank... 

The green design will continue to be the theme of the Vietnam Architecture 2012 Exhibition (VietArc 2012) which will take place in HCMC next month after the one in Hanoi last month. The exhibition will be organized by the HCMC Architects Association and Gia Phuc Media Joint Stock Company at the Saigon Exhibition and Convention Center (SECC) in District 7. Around 400 booths of architecture, materials... 

As the selling pressure kept piling up given the Government’s weak GDP (gross domestic product) forecast in the second quarter, the local market lost big ground in the fourth straight losing session on Monday, sending the VN-Index down 10.41 points, or 2.17%, against last Friday to close at 469.69. The market opened higher and spiked early to hit the daily high of 483.15 before falling back... 

Despite a capital surplus and falling interest rates, economic agents’ access to credit, especially in the realty sector, remains woefully limited BIDV recently announced its decision to offer realty loans at 16% per annum, arguably the lowest of its kind at the moment. On April 20, BIDV unveiled VND4 trillion worth of loans for buyers of houses sold under projects financed by this financial intermediary.... 

Price of gold in Vietnam slumped by VND500,000 a tael (1.2 ounces) over the previous day to a nine-month low on May 15 after global price fell by more than 1.5 per cent at the trading session in New York last night. Saigon Jewellery Company, Vietnam’s biggest gold processer and trader, bought the metal at VND41.09 million and sold at VND41.24 million as of 10.50am Vietnamese time. Hanoi-based Phu... 

Keangnam Hanoi Landmark Tower is changing Hanoi’s office market as more firms look to relocate to the west of the city. With more than 40 reputable tenants globally and domestically move in to the Tower, Keangnam has signaled a new trend for Hanoi’s office market. Tenants at Keangnam Hanoi Landmark Tower are high-profile and renowned companies such as KPMG, PricewaterhouseCoopers, Ericsson, Standard... 

Bankers are asking searching questions about Vietnam’s banking sector and the State Bank’s monetary policies. The chief concerns are about the central bank’s policies potentially over-regulating the economy, which could lead to future shocks. After quickly cutting deposit interest rates by 2 per cent points to 12 per cent, the State Bank early this month capped lending interest rates for most... 

Indochina Land, a real estate division of Indochina Capital, announced on Sunday to have won five international awards for its outstanding design and development of several property projects in Vietnam. The Asia Pacific Property and Hotel Awards 2012 in association with HSBC Bank Malaysia Berhad recognized the company with five awards in a range of categories, in which Indochina Plaza Hanoi... 

Developers are indifferent to housing projects for low-income people and factory workers due to capital shortages and slow capital recovery while buyers are not keen on low-cost homes for insufficient infrastructure. Nguyen Xuan Chinh, head of the Hanoi Authority for Industrial Parks and Export Processing Zones, was speaking at a meeting on a housing development program and low-cost housing projects... 

The Vietnamese dong currency is rising, so exchange rate adjustments may be in store, said economic experts of the National Institute for Finance at a conference in Hanoi last week. According to analyses by experts, the dong has strengthened by 23.8% against the U.S. dollar and by 5.7% against the basket of currencies of the country’s major trading partners. The exchange rate has stayed quite...