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VAMC to auction half-completed tower for at least $268 million

Saigon One Tower project which has been suspended for six years in Ho Chi Minh City now has the chance to be revived by the new investors through a public auction which is scheduled to be held in early April.

Sacombank offers million-dollar real estate assets for sale in HCMC and Binh Duong province

Besides the industrial park in Long An province was offered for sale at nearly VND10 trillion (US$441 million) through the auction, Sacombank is also selling many real estate assets worth to trillions VND in Ho Chi Minh city (HCMC) and Binh Duong province.

World Bank’s Lead Economist: Vietnam's economy still faces many risks

Looking at Vietnam's macroeconomic indicators over the past seven years, we can see that despite the growth, the national economy still faces many risks related to current account deficits and inflation.

A state-owned conglomerate needs average US$10 million to adopt IFRS

According to World Bank expert, the application of international norms and standards in auditing and accounting will provide a framework to strengthen the domestic financial system, detect hidden weaknesses and increase transparency.

WB raises its forecast for Vietnam's 2017 GDP growth to 6.7 per cent

Economic growth of Vietnam in 2017 is anticipated 0.5 per cent higher than the previous forecast (6.2 per cent).

VAMC bought US$105.8 million of bad debts from Hoan Cau group of Sacombank

The debt is secured with 50,000 square metres of land plots in District 7, Ho Chi Minh City.

Banks intensify seizure of collaterals to relieve breach of debt obligation

After the Vietnam Asset Management Company (VAMC) seized Saigon One Tower project as a collateral, many banks made similar moves with customers violating the debt obligations.

Saigon One Tower with capital scale of US$220 million seized by VAMC to handle the debt

Saigon One Tower is a real estate project with the scale of VND5,000 billion (roughly US$220 million), but this project has been suspended since 2011 in Ho Chi Minh City.

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