AEC Feed

Japanese firm Seven Seas Properties Corp is set to introduce a wave of investments to the Philippines’ real estate and equities markets to take advantage of the continuing growth in Asia’s rising economies. The Japanese financial services company said it expected to draw as many as 50,000 individual clients who would invest in Philippine stocks and condominium projects.
Equities investors will be referred to the company’s local partner Regina Online for equity investments, said Seven Seas sales and marketing manager Sawaki Masahiro.
Japanese investors are currently looking for opportunities |outside their own country, where growth has tapered off in recent years. “We are optimistic in the overall economic prospects and the growing financial market in the Philippines,” said Seven Seas chief marketing officer Yusuke Uejima. – Daily Inquirer
 

Vietnam’s consumer finance market soars
  Vietnam’s consumer loans hit a five-year record high of US$15.12 billion (Bt539.6 billion) last year, according to a new report from local market research company StoxPlus.
The amount, which was up 44 per cent against 2014, accounted for 10.4 per cent of the country’s gross domestic product and 6.8 per cent of the economy’s total outstanding loans, the report said.
StoxPlus attributed the boom to a significant change in Vietnamese borrowing behaviour and the high demand for housing loans from middle-income earners.
The Vietnamese have been turning to finance companies instead of relying on their relatives, friends or the informal finance market to lend them money for spending on goods and services. In addition, as a result of the major preferential lending package from the commercial banks for housing loans, consumer finance companies have tried to increase sales in this segment by offering lower interest rates, resulting in a growth in the consumer loans market.
– Viet Nam News
 

 VN aviation sector pressured by passenger rise
  The biggest problem facing the Vietnamese aviation sector is the infrastructure at airports, especially at the Tan Son Nhat International Airport, heard a conference in Ha Noi this week.
Lai Xuan Thanh, head of the Civil Aviation Authority of Vietnam (CAAV), said airports nationwide were capable of accommodating a total of 75 million passengers annually. In the past four months, 63 million had already been accommodated. – Viet Nam News