Việt Nam News

The People’s Committee of Kiên Giang Province has announced a list of projects calling for investment, including 12 resort projects with total investment capital of VNĐ1.7 trillion (US$72.96 million). Plans for the projects have not yet been finalised.

The Ministry of Transport (MoT) has registered to buy 164.73 million shares of Vietnam Airlines, a move which will maintain its holding in the national flag carrier at 86.16 per cent.

The profitability of Vietnamese banks is strengthening as robust economic growth fuels credit demand and supports an improvement in asset quality, but challenges are also apparent, Moody’s Investors Service says in a recent report.

Analysts say the main reason for the tourist industry’s modest participation in the stock market is that a majority of its companies are too small and fear they will be ignored by investors.

The non-performing loan (NPL) ratio at Việt Nam’s credit institutions has dropped from 3.61 per cent in 2013 to 2.18 per cent currently, according to the Việt Nam Asset Management Company (VAMC).

Vietnamese enterprises need to improve their capacity to produce raw materials, components and machines of high quality to meet requirements of Japanese manufacturers in the country, experts said at a meeting held on July 27 in HCM City.

The United States has maintained its leading position as Việt Nam's largest export market having spent US$21.6 billion on Vietnamese products in the first half of the year, accounting for 19 per cent of the country’s total export value as of July 15.

Shortage of capital is hampering the operation of many small cashew factories in Việt Nam, according to the Vietnam Cashew Association (VINACAS).

The consumer price index (CPI) dropped by 0.09 per cent in July from the previous month, the General Statistics Office (GSO) reported on Sunday.

The Taiwan External Trade Development Council (TAITRA) and HCM City Computer Association ( HCA) has signed a memorandum of understanding to foster trade and economic co-operation.

Vietnamese shares are expected to go up in August as investors look forward to listed companies’ earnings prospects in the remaining five months of the year, especially banks and financial firms.

The northern province of Vĩnh Phúc promoted its potential and called for investment at a conference held in Gyeonggi Province in South Korea on Friday.
 

Social housing development not only improves societal strength but also boosts the economy overall, said Minister of Construction Phạm Hồng Hà, emphasising that Government spending on social housing can lift the real estate industry as a whole.

The real estate sector in the central province of Quảng Ngãi has strong potential to grow, thanks to its geographic attributes but still-low property prices that appeal to investors.

The threat of global trade wars may not seem to have much to do with your property investments, yet actually these macroeconomic risks should make up a big part of your thinking on risk management.

The Ministry of Planning and Investment (MPI) and Ministry of Agriculture and Rural Development will hold a conference on July 30 to discuss solutions for the development of the agricultural sector and open the door for investment from the private sector.

The My Parking app, which collects automobile parking fees via drivers’ smart devices, will be used on 23 streets in HCM City beginning on August 1, according to the HCM City Department of Transport.

The central city has officially put into operation the second stage of Tiên Sa Port after two years of construction, bringing its total capacity to 12 million tonnes of cargo per year.