Việt Nam News

HCM City should build social housing priced at up to VNĐ1 billion rather than VNĐ200-300 million to ensure a reasonable quality of life for their occupants, the city’s top construction official has said.

FLC Group has expressed its desire to develop a smart urban complex in the centre of northern Thái Bình City, Trịnh văn Quyết, group’s chairman of the management board, said.

The benchmark VN-Index failed to conquer the short-term resistance point of 790 for a second day on Friday, dragged down by bank stocks, while growth of many large-cap stocks supported the market.

Mobile World Corporation, one of the biggest mobile phone and accessory retailers in Việt Nam, is preparing to take over local electronics and pharmacy retail firms for VNĐ2.5 trillion (US$111.1 million).

The Ministry of Industry and Trade (MoIT), the Agency for Regional Industry Development (ARID) and the Ho Chi Minh City’s Department of Industry and Trade (DIT) jointly held the eight annual conference on trade promotion for Southern cities and provinces on Thursday, affirming the regions’ numerous successes and discussing solutions to remaining problems.

Domestic firms in the leather and footwear industry lag far behind their FDI peers as Viet Nam cements its position as a leading world exporter in the sector, experts say.

Vincom Retail, the Vietnamese mall operator under the property and retail conglomerate Vingroup JSC, plans to launch its initial public offering (IPO) this year, according to Bloomberg.

The Bank for Investment and Development of Việt Nam (BIDV) on Thursday launched the VNĐ10 trillion (US$444.4 million) credit package with preferential interest rate for small-and-medium sized enterprises (SMEs).

Việt Nam’s tuna export turnover has risen 21 per cent year on year to hit US$271 million in the first half of 2017.

The sixth Zhejiang export fair, one of the most prosperous provinces in China, kicked off in Hà Nội on August 3.

Together with high profits of trillions đồng in the first half of this year, domestic commercial banks reportedly recruited thousands of employees in the period to boost development.

After the first half, nine hydropower plant operators posted VNĐ2.11 trillion in revenue and VNĐ941.7 billion in net profit.

Developing big data infrastructure and clean energy usage were issues at the top of the agenda at a seminar titled “Overseas Vietnamese contribute to the development of HCM City” held on Thursday.

The Ministry of Planning and Investment (MPI) on Wednesday held its second biannual discussion of the Việt Nam-Japan Joint Initiative Phase VI, as well as future trade and investment opportunities between the two nations.

The Joint-Stock Transimex Corporation, listed in the HCM City securities exchange as TMS, officially put into operation the first international standard cold/chilled storage at its logistics centre in Hòa Cầm Industrial Zone (IZ) on August 3rd.

Prime Minister Nguyễn Xuân Phúc agreed in principle that the three special economic zones being planned by the Government to spearhead the country’s economic growth should enjoy special regulations and fewer limitations to woo investments.

The country’s total retail sales and services revenue reached VNĐ2.24 quadrillion (US$98.6 billion) in the first seven months of this year, a year on year increase of 10 per cent.

While only 7 per cent of online travel sales in Việt Nam were made on mobile devices last year, the number grew rapidly at a 58.1 per cent compound annual growth rate (CAGR) in the 2013-2016 period, presenting a major growth opportunity, according to a Euromonitor International study.