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Can Interest Rate Cut Save Vietnam's Property Market?

Category: Real estate, Posted:09 Jul 2012 | 06:00 am

Vietnam remains paradoxically both the land of promise and equally disappointing for foreign investors.
Over the past few years high interest rates and double-digit hyperinflation have dogged the real estate sector.
Recently Vietnam's State Bank cut deposit interest rates which ran as high as 13% down to a single digit 9%.
The benefit is expected to be two-fold. First for businesses, lower interest rates may stimulate investment. Second for investors holding cash in bank deposits the lower rates may create more interest in shift portfolios to property.
So far the market reaction has been lukewarm given that lending rates still command a considerable premium.
Volatility remains the sworn enemy of businesses and certainly this remains a key to the current regime of negative investment sentiment.

Other News

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Phuket Airlift To Koh Samui Is Back

Category: Tourism, Posted:23 Oct 2020 | 16:26 pm Bangkok Airways has announced the return of flights between Phuket and Koh Samui. According to the Phuket News service commences Sunday, October 25th leaving Phuket at 12:20 pm and arriving in Samui at 1:15 pm. There will also be a resumption of flights between Phuket and Hat Yai between Phuket and U-Tapao (Pattaya). The return […]
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Khao Lak Hotel Supply Continues To Expand

Category: Hotels, Posted:22 Oct 2020 | 06:00 am Despite the downturn of Covid-19, hotel investment confidence in Khao Lak remains positive in the long term. One sign of this is a newbuild Pullman-branded Khao Lak Resort Is set to open on 1st December. The 253-key beachfront hotel and villa property features a design by Martin Palleros of Tierra Design.  Palleros is the architect […]
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Minor’s Bill Heinecke Speaks Out About Chinese Return

Category: Hotels, Posted:21 Oct 2020 | 11:40 am We had a candid conversation a few days ago with Minor International’s Founder and Chairman Bill Heinecke about Thai tourism. Two key takeaways from the conversation were: The Asian financial crisis of 1997 was a walk in the park compared to the damage to the Thai economy during Covid-19. Thailand must find a way to […]