HCM City authorities have asked the National Assembly (NA) to increase investment for the city’s first two metro lines that start near Bến Thành Market in District 1 and end at Suối Tiên Theme Park in District 9 and Tham Lương depot in District 12.  
 

 HCM City is enacting policies to aid businesses in the supporting industry by encouraging investment, networking between firms and banks, and creating special zones.

The Ministry of Finance (MoF) has drafted a circular on rules and methods of collecting information and reporting market prices of some domestic goods and services.

Recent policies have underscored the Government’s efforts to improve Việt Nam’s business environment and national competitiveness.

Vietnamese stock markets will likely remain gloomy in the coming week as investors could maintain poor confidence amid the volatility of the market, thus keeping overall liquidity low and too weak for a market’s short-term comeback.

After land prices, and, along with them, instances of violation of land laws, surged in certain places, the provinces involved have temporarily banned land transactions pending the approval of new regulations, helping cool off the market.

Đồng Nai Province has been working with agencies on a project to turn Biên Hoà I Industrial Zone into a commercial and service centre.

Since the real estate market began to recover in 2014, the country’s laws regulating the market have transformed significantly. But as the laws have developed, many of them overlap, creating redundancies that the Government must now try to eliminate, Đặng Hùng Võ, former deputy minister of Natural Resources and the Environment, said at a conference held in Hà Nội on Thursday.

Logistics firm Gemadept Corporation (Gemadept) estimates its full-year pre-tax profit will jump 227 per cent to VNĐ2.13 trillion (US$94.7 million) in 2018.