Dang Van Quang, director of Jones Lang Lasalle Vietnam Co, Ltd (JLL), told the seminar: “Even though there is a trend of factories relocating around the world which is helping Viet Nam benefit from foreign businesses that want to enter the country, the pandemic is making it harder for investors to visit and survey the local market.” … [Read more...] about 90% of Vietnamese millionaires invest in real estate
Vietnamese real estate agent
Experts who took part in a recent seminar themed "Vietnam Real Estate 2020-2021: Ready for a new cycle" in Thanh Hoa city, said that among the country's more than 12,000 millionaires, 90 percent of them had invested in realty. At the same time, among the 100 richest people in the country with fortunes of more than 30 million USD each, investment in the real estate sector directly and indirectly had reached 99.1 percent. … [Read more...] about 90 percent of Vietnamese millionaires invest in real estate
Eric Ng is known to practically every longtime resident as “the mayor of Chinatown.” An entrepreneur who emigrated from Hong Kong in 1970, he was reelected last year as the leader of the Chinese Consolidated Benevolent Association (CCBA), which represents the interests of some five dozen cultural organizations and “family associations,” grouped by immigrants’ last names. For decades, the CCBA effectively functioned as Chinatown’s government, collecting dues and overseeing business transactions. “If there was an argument, they didn’t come to court,” Ng says in his office at 62 Mott Street. “They came to us.” The most powerful community figures worked through the CCBA. As Chen says, “There are people behind the scenes who choose the Eric Ngs of this world.” Those figures once functioned like a village council, providing “stability and order.” They’re still around, and most are businessmen, … [Read more...] about How Has Chinatown Stayed Chinatown?
The draft said short sale transactions with collateral (secured short sales) were transactions for borrowed securities in the securities borrowing and lending (SBL) system of the Viet Nam Securities Depository. The seller is then obliged to buy back the securities to repay the loan. The short sale will be executed based on the securities loan transaction contract on the securities loan and lending system at the Vietnam Securities Depository. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 4
Another Japanese investor, Showa International Co., is a Tokyo-based clothes-maker with 25 years of experience in Vietnam. The pandemic has seen it ramp up production of medical gowns and masks, with Kazuo Nishizawa, leader of the company, projecting it should be able to produce up to 150,000 gowns a month. “There’s still a large shortage of gowns and masks,” he said. “With the demand surging across the world, we have a mission to first be able to provide stable supplies to Japan.” … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 7