热门标签

足球投注app(www.hg108.vip):China’s property demons stalk Vietnam scene

时间:2周前   阅读:5   评论:4

澳洲幸运5官网www.a55555.net)是澳洲幸运5彩票官方网站,开放澳洲幸运5彩票会员开户、澳洲幸运5彩票代理开户、澳洲幸运5彩票线上投注、澳洲幸运5实时开奖等服务的平台。

ONE may earn a high salary, but only real estate can build up wealth – for decades, that’s been the Chinese mentality.

Real estate accounts for roughly 70% of China’s household wealth and as much as 30% of its economy.

But China Evergrande Group’s debt blowup, with the tumbling home prices and mortgage boycotts that followed, have sent the economy into its deepest spin since the Cultural Revolution. The Chinese are having second thoughts.

Evergrande’s spectacular fall should also serve as a warning to Vietnam.

From the love of real estate, to the practice of pre-sales, to developers’ corporate governance, Vietnam shares too many similarities with China for comfort.

Already, the South-East Asian nation is peppered with developer scandals.

In March, the government detained Trinh Van Quyet, chairman of FLC Group, for stock market manipulation.

Quyet directed his relatives to open 450 securities accounts. They traded often, artificially created transaction volume and boosted share prices for his portfolio companies.

The next month, Do Anh Dung, chairman of another developer, was arrested for luring investors with false financial information. Dung had raised more than 10 trillion dong (US$427mil or RM1.92bil) from selling privately placed bonds.

,

足球投注appwww.hg108.vip)是皇冠体育官网线上直营平台。足球投注app面向亚太地区招募代理,开放皇冠信用网代理申请、皇冠现金网代理会员开户等业务。足球投注app可下载皇冠官方APP,皇冠APP包括皇冠体育最新代理登录线路、皇冠体育最新会员登录线路。

,

Audit season

Vietnam’s real estate developer crackdown caused a stock market plunge in the spring. These are familiar tactics deployed by Chinese developers.

The likes of Evergrande were always looking for ways to borrow, to expand their business just a bit further.

To circumvent Beijing’s regulatory scrutiny, developers raised money from private bond sales structured to be off-balance-sheet during the auditing season. Stock prices of their portfolio companies can also soar and plunge mysteriously.

That has not ended well. In the past year, 28 of the top 100 developers have defaulted or asked their creditors for extensions.

But the mother of all scandals was one committed by Alibaba – nothing to do with the Chinese eCommerce giant – but Alibaba Real Estate Corp, based in Ho Chi Minh City.

Vietnam’s Alibaba had sold small empty plots of land, telling thousands of buyers that they were getting a piece of a major development site near the commercial hub. It scammed investors of more than US$100mil (RM445mil).

It was a sign of how chaotic and unregulated the real estate market can be – what Vietnam’s Alibaba sold was agricultural land that could not be used for residential housing – but also the reflection of a cultural mindset that prized land above all other assets.

Despite the 2019 Alibaba scandal, the Vietnamese are undeterred. Land is still the category of real estate investing that has shown the biggest capital gain, followed by landed properties such as villas and townhouses, and then condominiums.

上一篇:ug开户(www.ugbet.us):Can robust exports be sustained?

下一篇:约搏以太坊单双博彩游戏 -- www.eth888.vip

网友评论

  • 2023-01-03 00:13:24

    原本,紫妍被黑擎带回来是说要吸收龙凰本源果的,可谁知事情会变成这样。但大概就像揠苗助长,所以才会适得其反,也就差点害了紫妍,害紫妍最后被困在龙凰本源果的能量晶层之中,没有知觉。啊啊啊有没有粉丝群

    • 2023-01-16 14:41:06

      @皇冠正网(www.hg108.vip) WESB through Widad University College will provide the learning facilities as well the assistance in obtaining the certification and official accreditation for the courses. The collaboration will include short courses, undergraduate and postgraduate programs in the field of bio-regenerative sciences.这个,得开启防沉迷了