Understanding Vietnamese Life Partner

[Kim91]

Vietnam’s rate cut may trigger property boom

Vietnam’s real-estate market is expected to receive a new infusion of money following a deposit interest-rate cut to 9 per cent from 12-13 percent by the State Bank of Vietnam (SBV) and a subsequent fall in loan interest rates.

This was the fourth time during the last three months that the central bank has decided to reduce the dong interest-rate on deposits.

The central bank’s move yesterday resulted in a decrease in interest rates on loans with various terms at commercial banks.

At Vietcombank, last week the bank decided to slash the interest rate of termed loans to 12-13 per cent.

Experts said that with such lending interest rates, enterprises’ financial burdens created from high capital costs would ease significantly, thus encouraging them to invest in production.

The lower interest-rate cap of deposits also means that depositing money at banks was no longer an attractive investment channel.

These changes have prompted many people to shift from depositing their savings into the banking sector to other investment channels that they believe will bring profit in the future.

Real estate, along with other sectors, is still popular among long-term investors since property developers, who have been thirsty for capital, have cut prices by 30-40 per cent.

According to many real estate offices in HCM City, within one month, the number of clients who came to buy houses increased significantly, but the number of transactions was still modest.

Trinh Xuan Bac in Tan Phu District said that, although the real estate market remained sluggish, investment in real estate products would bring profits in the long term.

Previously, Bac had deposited money at a bank while he waited for real estate prices to drop even more.

However, he believes that the current interest rate is not attractive enough to deposit money in banks and that now is the right time to invest in property when the prices are low.

Huynh Anh Minh, director of a real estate company in District 2, said the number of people seeking to buy land plots and apartments had increased slightly in recent days, and the number of successful transactions had increased by 20 per cent compared with previous months.

Investors were especially interested in land plots in outlying districts such as Binh Chanh and Cu Chi, Minh said.

Real estate developers have said that the rapid interest-rate reduction had greatly affected investors and individuals who want to buy a home. The lowering of the deposit interest-rate cap to 9 per cent and the banks’ commitments to slash the lending interest rate to 13 or 14 per cent have led people to believe that the property sector would warm up again.

Ngo Dinh Han, director of the ACB real estate trading floor, said the recent interest-rate reduction had not yet created a significant impact on the real estate market.

But he was confident that more money would be pumped into the market, thus improving its liquidity in the future.

The market’s real changes would likely take place in the third quarter of the year, Han said.

Pham Thanh Mai, general director of the Vietnam Real Estate Association, said the domestic real estate market would continue to meet capital-related difficulties in the near future.

Thus, real estate developers should use mobilised capital resources effectively and efficiently.

Mai said that real estate companies should prepare long-term investment strategies while reducing their risks to ensure available cash flows for important projects.

[Honey Boon]

ok.... this week I eat tom yam first.... when I am ready for pho again soon, will pm you

may be jack will go first

Originally Posted by Hurricane88

this one i am interested too...let me know...

[vietboy]

Originally Posted by SingViet

I not soccer fan but i am interested in BALLS.... i mean MEAT BALLS.. all the different cups....

Then r u qualified!

Originally Posted by Golden question

Are u trying to help a 'monk to come out from his own temple to eat meat'

Originally Posted by Golden question

oh bro,u no more 'vegetarian' haha

since when he is a monk? How come i dun know?

[vietboy]

Originally Posted by KangTuo

lets make it a legitimate soccer match watching outing without bx around but with eyes on balls and hands on ball of different cup size

Wen har? When har?

[vietboy]

Since when a thread on understanding vietnamese spouses become a thread about travelling to PQ??

[KangTuo]

Originally Posted by vietboy

Wen har? When har?

Tonite and tomorrow night

[jf66312]

Originally Posted by vietboy

Wen har? When har?

if we fix a day , can u make it?

anh ko noi cho em vui ah...

[Blast88]

Originally Posted by jackbl

There are many hotel/resort along the beach area. After I arrived by coach, I just walk along the Nguyen Dinh Chieu street, go in each hotel and ask the price. Mui Ne is populated with a lot of Russian tourists......

If bro planning to go Mui ne, I strongly recoommend 'Tien Dat' resort, for seaview about USD60/nite, good food & swimming pool, only a few steps to beach.

[KangTuo]

Originally Posted by jf66312

if we fix a day , can u make it?

anh ko noi cho em vui ah...

should be anh dung noi cho em vui thoi nhe...

[vietboy]

Originally Posted by jf66312

if we fix a day , can u make it?

anh ko noi cho em vui ah...

Can lah. But i need anh SV help.

[Blast88]

Actually beside cooking my bx also interested in manicure/pedicure & she have already took some courses in Vietnam before, it always in my mind to set up a small business together with her. I also saw some potential at my residential area as there are no manicure/pedicure shop, wondering bros out there have any idea what will be the start up investment cost like for such business.

[shysaint]

Originally Posted by Blast88

bros out there have any idea what will be the start up investment cost like for such business.

1. Rental / Electical Bills / Water Bills.
2. Renovation - Drainage for water flow / Lightings and etc.
3. Equipment like Seats / Hand Rest / Leg Rest / Basins.
4. Accessories for your p/m services.
5. Hifi System.
6. Aircon System.
7. Advertisement

My guess is minimum easily sgd $35K and above ....

[shysaint]

Originally Posted by Honey Boon

I worse... only have class 2B (converted)

last year planned to try class 2A, but after the first lesson, quit. Old liao, can't even handle Honda super four

if you have more info regarding those riding tour, please let me know or talk over coffee

Sure ....... whats ur number ?

[shysaint]

Originally Posted by Honey Boon

you will be suprised, we know many things better than them

No need to surprised ...... It's confirm we do know many things as compared to them ...

ONly 1 thing my wife is better than me in VN ... Tieng Viet ...

[SingViet]

Originally Posted by vietboy

Can lah. But i need anh SV help.

why call out my name all of a sudden? that's why i cannot have a good afternoon nap....