Việt Nam News

Official says that while Government tries to mobilise more capital from the stock market, low rate of corporate governance minimises its attraction

The Airports Corporation of Việt Nam will pour over VNĐ 26.2 trillion (US$1.17 billion) for the upgradation of airports to meet travel demands and socio-economic development by 2018.

The Property Report Congress is being organised in Việt Nam for the first time today, and Việt Nam News asked property specialists attending it about the country’s property market, especially the opportunities and challenges as the country continues to integrate and recently began to allow foreigners to buy property.

Oil and gas stocks led a rise in both bourses yesterday. Positive investor confidence strengthened local stocks, Sài Gòn-Hà Nội Securities Corp (SHS) wrote in its daily report.

State Bank of Việt Nam’s (SBV’s) newly amended regulations on prudential ratios for the operation of credit institutions and foreign bank branches have provided significant relief to real estate investors.

The Republic of Korea plans to provide ODA loans worth US$1.5 billion to Việt Nam during the 2016-2020 period, with the focus on large-scale infrastructure, railways, health and information technology.

The official real estate index, which should have been set up earlier this year, has been delayed while real estate enterprises and associations have continued to provide their own indexes.

As the country’s economic hub, HCM City is where the action is for many industries, including property. Việt Nam News reporter Thu Ngân speaks with Lê Hoàng Châu, chairman of the HCM City Real Estate Association, about the city's property market.

The Government is continuing with its efforts to boost the social housing development. While the disbursement of the housing stimulus package worth VNĐ30 trillion (US$1.43 billion) in preferential loans, which was due to be completed by the end of last month, was finally extended by the central bank, the policies for social housing development and purchase are now eyeing long-term measures.

The Handicraft and Wood Industry Association of HCM City (HAWA) has projected exports of wooden products to reach US$7.2 billion this year, up from $6.9 billion last year.

Property developers have started constructing coastal projects in the central city in response to the rising prices of coastal property following the stagnant period in 2013-15.

The 2016 Property Report Congress, the country's most exclusive real estate conference where Asian real estate leaders meet, opens today at HCM City’s InterContinental Asiana Saigon Hotel.

The VN-Index came close to its one-year high in yesterday morning’s session, however under the selling pressure of the afternoon session, it only rose 3.32 points to close at 627.87 points yesterday.

The capital has stopped the issuance of bonds worth VNĐ4 trillion (US$177.8 million), which were to be used for municipal development in 2016.

The FLC Group on Tuesday estimated the group would gain a pre-tax profit of VNĐ500 billion (US$22.32 million) in the second quarter this year.

Việt Nam’s National Financial Supervisory Commission (NFSC) and the Republic of Korea’s Financial Services Commission (FSC) on Tuesday signed a Memorandum of Understanding on cooperation in financial supervision.

Coffee production in Việt Nam could drop up to 7 per cent in 2016 and 2017, to 27.3 million bags over the previous crop, due to adverse weather conditions.

Hà Nội will create favourable conditions and support policies for better links between producers and traders to bring safe farm products to the consumers.