Property inventories totaled more than VND29.5 trillion (US$1.2 billion) as of February 20, ping by nearly 77 per cent over its peak in the first quarter of 2013, statistics of the Ministry of Construction showed.
Viet Nam''s property market is on the path to recovery and promises to
remain busy in the last few months of the year, the Viet Nam Real Estate
Association said.
A Government programme to a temporary stockpile of one million
tonnes of rice from the winter-spring crop has ensured that many farmers
in the Cuu Long (Mekong) River Delta earned profits, a meeting heard
yesterday in Long An Province.
Rice prices have risen sharply in recent days thanks to the
Government''s programme to buy one million tonne of the grain for its
temporary reserve, according to the Viet Nam Food Association.
Firms should be allowed to expand their warehouse capacity so they can
stockpile one million tonnes of summer-autumn rice to ensure the
Government''s programme to purchase rice is a success, say.experts.
Enterprises began purchasing 1 million tonnes of rice for stockpile in
the Mekong Delta from Saturday under a Government programme that aims to
ensure farmers make a profit.
Prime Minister Nguyen Tan Dung has issued a decision asking provinces
and major cities in the Mekong Delta to buy and stockpile a million
tonnes of rice during the summer-autumn crop from June 15 to July 31.