Real estate prices may decrease locally
In the next 12 months, investors will hold many real estates but get stuck with debt that could lower prices to push up goods.
Experts predict that the next 6-12 months will be a very difficult period. Investors who are holding many real estate portfolios but mistakenly using excessive financial leverage (bank capital) can decide to sell at a discount of about 5-10% to market price.
Cheap selling will take place locally, not massively to relieve the pressure of burying capital and repaying loans.
For real estate investors, collecting goods to hunt for opportunities is quite common.
The more assets there are, the more investors have to access loans to serve the purchase to save, waiting for the house price to increase before selling.
Therefore, slow liquidity and making releasing goods more difficult will put loans under pressure to pay interest and principal and increase, forcing them to sell less to balance capital flows.
Vietnam will import 100,000 tons of pork
From now until the end of the first quarter of 2020, Vietnam will import an additional 100,000 tons of pork to ensure supply, stabilizing the very high meat price.
Mr. Do Thang Hai - Deputy Minister of Industry and Trade said at the meeting of the Domestic Market Management Team: the supply of pork by the Lunar New Year 2020 will be short by about 200,000 tons, causing the price of this commodity to increase. Currently, the average price of live pork at the unit markets ranges from 90,000-92,000 VND per kg.
Deputy Prime Minister Vuong Dinh Hue assigned the Ministry of Agriculture and Rural Development to coordinate with enterprises to import about 100,000 tons of pork.
Giant flower carp is worth nearly 9.8 billion VND
Tra Can Lake is the seventh largest freshwater lake in China and the "home" to about 70 fish species. Winter fish catching techniques in lakes are an ancient fish catching method of the Mongolian people, thousands of years ago.
The winter fish fishing tourism event in Tra Can Lake is included in the list of intangible cultural heritages of China.
The auction of the largest fish in the first fish pack is always attractive and often paid widely to pray for a good harvest.During the festival, people wore traditional costumes, danced folk dances and auctioned the largest fish they could catch.
The largest flower silver carp was sold for 2.96 million yuan (nearly 9.8 billion VND) on December 28-19. Exciting auctions for fish fishing rods are always an interesting part of the winter fish fishing festival
High Tet bonus champion, receive 3.5 billion to buy a house
Many localities have announced Tet bonus levels. In general, the Tet bonus this year is quite high.
The "huge" bonus for the 2020 Lunar New Year in Ho Chi Minh City is 3.5 billion VND/person. This is the bonus of a foreign-invested enterprise (FDI) in the finance - banking - insurance sector.
In Hanoi, a private enterprise has the highest Lunar New Year bonus in 2020 of 420 million VND/person.
According to the report of the Department of Labor, War Invalids and Social Affairs of Da Nang City, the highest bonus for the Lunar New Year 2020 of a private enterprise is more than 927 million VND, the lowest is 3.5 million VND.
