Việt Nam News

On August 26 the southern province of Bà Rịa-Vũng Tàu issued for the first time municipal bonds worth VNĐ500 billion (US$4.44 million) to raise capital for infrastructure projects. The money will be used for building the Phước Hòa-Cái Mép Road, the Hồ Sông Ray inland canal system, and the Vũng Tàu Polyclinic.

Việt Nam’s (B1 stable) credit profile is supported by its robust economic growth and diversified economy, Moody’s Investors Service said on Wednesday.

Thailand and Việt Nam have won deals to supply a total of 250,000 tonnes of rice to the Philippines after the two countries reduced their selling prices to suit Manila’s budget.

The local stock market is likely to remain volatile this week, given rise to profit-taking pressures, while the benchmark VN-Index is approaching the short-term peak of 680 points, analysts have said.

The number of foreigners visiting Việt Nam in August reached 899,700 arrivals, an increase of 34.4 per cent over the same period last year, according to Việt Nam’s General Statistics Office.

The Ministry of Construction has asked Hà Nội and HCM City to formulate policies that promote social housing development amid a rising demand from citizens for products in this segment.

The price of apartments in HCM City is expected to increase annually by 5-10 per cent for the next three years, according to a report by Jones Lang LaSalle Việt Nam (JLL Việt Nam), a foreign commercial real estate and property services provider.

The tourism property market has been hot this year with many new projects and increasing transaction volumes, insiders said.

The Department of Industry and Trade in Bình Thuận province has been asked to investigate whether Chinese entrepreneurs were manipulating the dragon fruit market in south central Bình Thuận province.

The Ministry of Finance may use a “book building method” in selling the State’s holdings in State-owned enterprises (SOEs), Vũ Bằng, chairman of the State Securities Commission, told local media.

The tax watchdog is striving to increase the percentage of tax reimbursements processed through the “refund first, check later” regime, aiming to speed up refunds that would be beneficial for businesses, according to Lê Thị Duyên Hải, director of the Tax Declaration and Refund Department.

Shares sank for the first time in the past five sessions yesterday as investors increased selling to realise short-term cash profits.

Deputy Prime Minister Vương Đình Huệ on behalf of the Government asked for tighter supervision of equitising State utility companies and firms wholly owned by State economic groups, under a dispatch issued on Tuesday.

The construction of the long-delayed amusement park and zoo in Việt Nam has sped up since the government of HCM City has allowed Vinpearl Joint Stock Company (Vinpearl) to work with a foreign partner, which is drawing up detailed plans.

The Ministry of Transport has required the Hà Nội and HCM City transport departments to promote management, inspection and penalization for under 9-seat automobile under transport contracts, Uber taxi and Grab taxi.

Turkey has decided to levy an anti-dumping tax of US$240 per cubic metre on Vietnamese plywood products.

The flow of foreign investment into HCM City has dropped sharply this year. Việt Nam News asks experts and business executives why and if they see the city as an attractive investment destination.

Global healthcare company Abbott announced on Tuesday that it has acquired Glomed Pharmaceutical Company Inc (Glomed), a leading Vietnamese drug manufacturer.