News
Banks still saying no to real estate credit
Though commercial banks still advertise real estate loans, real estate investors are finding it impossible to access them.
Negotiation-based interest rates to be applied to medium and long term loans
The State Bank of Vietnam is set to launch a document allowing commercial banks to apply negotiation-based lending interest rates for medium and long term loans instead of the basic interest rate scheme.
Low prime rate adds to bank liquidity woes
The central bank’s decision not to increase the prime rate has posed a challenge to commercial banks already struggling to attract capital.
Builders will fail to meet rising demand for houses: forecaster
The arrival of about 45,000 immigrants here over the next three years will lift the house-building sector, says business forecaster BIS Shrapnel.
Canada housing starts rise 5.8 pct in January
Canadian housing starts rose by a larger than expected 5.8 percent in January, the fourth straight monthly gain, offering further proof of housing's strength in an otherwise tepid economy.