Along with this announcement, Sansiri's top projects at the most attractive resorts in Thailand including Hua Hin, Phuket, Pattaya, Chiang Mai, and Bangkok will be brokered by Denzell in its first high-end sales gallery in Ho Chi Minh City. The sales gallery in Ho Chi Minh City makes Vietnam Sansiri's sixth foreign market According to Apichart Chutrakul, CEO of Sansiri Group, Ho Chi Minh City is a potential real estate hub with a fairly balanced market outlook, while Vietnam is still one of the top attractions of international businesses. “Successfully launching the sales galleries in key markets such as China, Singapore, and Hong Kong, Ho Chi Minh City is the Sansiri’s sixth market. This is an opportunity for Sansiri to strengthen its presence and provide a full service experience for its customers,” Chutrakul said. Kingston Lai, managing director of Denzell Vietnam, said that Denzell is now the only unit in Vietnam authorised to provide Sansiri real estate … [Read more...] about Thai group Sansiri officially enters Vietnamese property market
Pattaya
BUSINESS NEWS IN BRIEF 28/8
Conference seeks ways for investment promotion in Quang Binh An investment promotion conference in the central province of Quang Binh was convened on August 28, focusing on presentations of the province’s potential and investment opportunities. Present at the conference were Prime Minister Nguyen Xuan Phuc and more than 800 delegates from among the leaders of ministries and departments, along with representatives of embassies, Lao provinces, commercial banks, associations, international organizations and businesses. Participating domestic and foreign organizations and businesses, through the conference, discussed investment and trade opportunities with local authorities. The event is expected to serve as a platform for the handing over of investment registration certificates and cooperation deals to 66 projects with a combined registered capital of US$7.34 billion. Earlier, the provincial People’s Committee held a series of sideline activities, including investment … [Read more...] about BUSINESS NEWS IN BRIEF 28/8
Locals spend billions on realty abroad
According to the US National Association of Realtors (NAR), this recently-released number propelled Vietnam into the top 10 of countries with buyers in US real estate during this one-year period. According to Pham Do Chung Thuy, vice president and country treasurer of Bangkok Bank, the Vietnamese government has not outright banned transferring money abroad to buy homes, while detailed guidelines on how to transfer have not been released either. “This is one of the challenges for buyers and bankers when they are involved in any case of money being transferred to buy property abroad,” Thuy said. According to her, a deal to buy property abroad is seen as an investment abroad and thus regulated by the Law on Investment, under which companies and individuals are permitted to set up an investment abroad. Bangkok Bank and other banks are using this law to support buyers. Despite the foreseen risks of buying homes abroad, many Vietnamese people are still paying millions of dollars … [Read more...] about Locals spend billions on realty abroad
(typing) Locals spend billions on realty abroad
According to the US National Association of Realtors (NAR), this recently-released number propelled Vietnam into the top 10 of countries with buyers in US real estate during this one-year period. According to Pham Do Chung Thuy, vice president and country treasurer of Bangkok Bank, the Vietnamese government has not outright banned transferring money abroad to buy homes, while detailed guidelines on how to transfer have not been released either. “This is one of the challenges for buyers and bankers when they are involved in any case of money being transferred to buy property abroad,” Thuy said. According to her, a deal to buy property abroad is seen as an investment abroad and thus regulated by the Law on Investment, under which companies and individuals are permitted to set up an investment abroad. Bangkok Bank and other banks are using this law to support buyers. Despite the foreseen risks of buying homes abroad, many Vietnamese people are still paying millions of dollars … [Read more...] about (typing) Locals spend billions on realty abroad
Thai property giant Sansiri to offer its products in Việt Nam
Thailand’s Sansiri ties up with Denzell Vietnam to bring Thai real-estate products to Vietnamese investors. — VNS PhotoViet Nam News HCM CITY — Thai real-estate developer Sansiri Public Company Ltd on Thursday announced an exclusive strategic partnership with Hong Kong-owned real estate agent Denzell Vietnam. Denzell opened its first Vietnamese office in HCM City on the same day. Through the tie-u,p Việt Nam-based clients can invest in Thailand, where Sansiri has prominent projects in resort hotspots like Hua Hin, Phuket, Pattaya and Chiang Mai and in the capital Bangkok. They would also provide after-sales services, the two said. Last year, Sansiri’s overseas revenues were worth VNĐ6.5 trillion (US$285 million). This year, it has laid out an aggressive plan to launch 31 new projects worth VNĐ44.2 trillion ($1.9 billion) and achieve sales of VNĐ35 trillion ($1.5 billion). Sansiri said Việt Nam is one of the most attractive … [Read more...] about Thai property giant Sansiri to offer its products in Việt Nam