Việt Nam News

Consumption loan has strongly developed in HCM City with an average growth of 20 per cent per year during 2012-15, according to the State Bank of Việt Nam.

The ground breaking ceremony for JA Solar Ltd Co’s US$1 billion solar cell plant was held on Saturday in the northern province of Bắc Giang.   

The Consumption Advisory Magazine under the Vietnam Economic Times hosted a ceremony in HCM City on Friday to recognise and celebrate enterprises with the top 100 quality products and services which are trusted and used by consumers.

Deputy Prime Minister Vũ Đức Đam has said there is a need for all ministries and relevant agencies to co-ordinate and connect with specific policies to promote electronic payments.

A trade co-operation programme between HCM City and other cities and provinces over the last five years has significantly improved product quality, met consumer demand and promoted socio-economic development, city officials have said.

Two new preferential loans which are not restricted by scale and deadline for social housing and cheap commercial housing projects would be provided to low-income earners. The two new packages are expected to continue the VNĐ30 trillion housing stimulus package.

The Korean Ministry of Trade, Industry and Energy (MOTIE) and the Korea Trade-Investment Promotion Agency (KOTRA) held a Korean consumption goods festival in Hồ Chí Minh City yesterday.

Shares fell for a second day as foreign blue chip offloading pushed those stocks down and sinking oil prices caused energy sector  volatility.

Numerous stores in Việt Nam put up massive sales yesterday, in an attempt to follow the famous US Black Friday. The local shopping scene was not as hectic and anticipated as its US counterpart, though several brands did manage to cash in on the occasion.

Property experts forecast that the real estate market of Việt Nam would continue to be on a solid growth next year, driven by the improved macro-economy and policies.

HCM City has proposed the construction of two dry ports in the city’s High-tech Park in District 9 and Đông Nam Industrial Park in Củ Chi District. 

Việt Nam ranks first out of 10 Asian countries surveyed in relationship satisfaction, according to the inaugural Prudential Relationship Index, the first of its kind in Asia, which was released in HCM City on Wednesday.

With its sound and dynamic investment environment, the southern province of Bình Dương has remained the choice of many investors from all over the world.

The State Security Commission of Vietnam (SSC) issued a decision to fine the Saigon Alcohol Beer and Beverages Corporation (Sabeco) for alleged regulatory malpractice on the stock market.

After listing the đồng/dollar exchange rate at the cap regulated by the central bank yesterday, commercial banks this morning lowered their rate, in the wake of an affirmation from the central bank to be ready to sell the dollar to intervene in the forex market.

Central Thừa Thiên-Huế and Quảng Nam provinces and their neighbouring Đà Nẵng City  will offer optimal conditions to lure investment from European countries in hi-tech, tourism, logistics, health care and advanced farming.

Shares fell yesterday to end a three-day rally as investors tried to lock in profits and choppy crude prices resulted in a negative move for the energy sector.

HCM City Infrastructure Investment JSC yesterday signed a contract to sell US$40 million worth of convertible bonds to KEB Hana Banktrustee and Custodian Business, the first tranche in its plan of issuing $60 million bonds to raise funds for its projects, the HCM Stock Exchange-listed company announced.