Sunday , November 24 2024

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Greenback surge wrong-foots Vietnam exporters

Greenback surge wrong-foots Vietnam exporters

Rubber producer Casumina has been borrowing in dollars at an interest rate of 2-3% per year against 5-6% for dong loans, but the greenback’s gain over the dong has neutralized the advantage. “The market has dampened,” said CEO Pham Hong Phu, adding that export has been difficult lately due to …

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Property developers pan proposal to limit apartment ownership term

Property developers pan proposal to limit apartment ownership term

The association of HCMC property developers is against changing the law to restrict apartment ownership to a fixed number of years. It would result in insecurity for homebuyers, higher costs, more administrative procedures, and legal inconsistency, the Ho Chi Minh City Real Estate Association said. In considering amendments to the …

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Vietnam’s cave kingdom offers new tour experience

Authorities in the central province of Quang Binh have allowed travel agencies to launch new tours to explore the Son Boi cave system and Bru-Van Kieu culture. Qualified travel companies will be allowed to open short-day tour itineraries to the Khe Kieu and Son Boi cave systems that retain their …

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