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Banks find no takers for foreclosed properties despite steep discounts
Banks are trying to auction houses, resorts and factories pledged by defaulting borrowers, but cannot find buyers for them even after slashing prices by billions of dong (VND1 billion= $40,758).
Southern land prices fall 25%
Land in Ho Chi Minh City and neighboring provinces has dropped 10-25% since January as indebted investors continue liquidating their properties.
Short-term space rentals hit a sweet spot in Saigon
Many landlords in HCMC are leasing unused ‘office’ space by the hour or other short periods for handsome returns.
October 28, 2018 | 10:52 pm PT
Da Nang demands police chief explain villa over corruption suspicion
The officer's explanation was requested amid social media rumors that his asset is linked to an arrested tycoon.
April 27, 2018 | 05:14 am PT