Việt Nam News

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.

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 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.

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.

The total capital demand of the domestic coal sector by 2030 would be around VNĐ269 trillion (US$11.9 billion), 2.5 times less compared with the previous master plan.

Shares extended gains to four days in a row yesterday as investors continued to collect large-cap stocks, particularly shares to be sold by the Government.

The eight-month trade surplus was totally contributed by the foreign-invested sector, which posted an export surplus of $15.18 billion, while the domestic sector witnessed a deficit of $12.73 billion

The construction of a 37MW wind power plant began in Phước Dinh Commune, Thuận Nam District in south central Ninh Thuận Province yesterday.

The Sài Gòn Silicon Park JSC yesterday began construction of the VNĐ480 billion (US$21.6 million) Sài Gòn Silicon City Centre.