The higher dollar interest rate has caused many people to keep their money in the US instead of remitting it to Việt Nam, where the interest rate on dollar deposits is zero per cent.

The Vinpearl Cần Thơ Hotel, the first five-star hotel in the southern city of Cần Thơ, was inaugurated last weekend, becoming the tallest building in the Mekong Delta region.

Việt Nam estimated to gain US$7.3 billion from the export value of wood and wooden products this year, a slight increase of 1 per cent year on year, reported the Ministry of Agriculture and Rural Development’s General Department of Forestry.

Trading is set to remain quiet with lower liquidity this week as investors tend to keep their accounts secure ahead of the year-end holiday.

The disbursement of the housing stimulus package, valued at VNĐ30 trillion (US$1.4 billion) in preferential loans, will finish on schedule, according to the State Bank of Việt Nam (SBV).

Land prices in HCM City and neigbouring provinces are increasing, with real estate industry insiders attributing it to high liquidity.

HCM City housing developers will shift from luxury apartments to the mid- and low-end segments next year, experts have said.

Hà Nội-based Việt Nam Investment Group Joint Stock Company is set to become the largest shareholder of property developer Vingroup, after acquiring more shares of this company.

Provinces and cities in the Southern Key Economic Region should strengthen their linkages to enable the region to capitalise on its development potential, a seminar heard in HCM City yesterday.