Việt Nam News

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 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 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 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.

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.

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.

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

Credit would increase faster in the next few months thanks to new regulations on lending, experts have forecast.

Hà Nội Stock Exchange chairman Nguyễn Thành Long said the exchange reported fruitful results seven years after shifting from the stocks centre

The Ministry of Agriculture and Rural Development will review and evaluate the support and development for enterprises.

The number of securities trading accounts of foreign investors in Việt Nam increased significantly this year, announced the Việt Nam Securities Depository.

Southern Rubber Industry JSC, or Casumina (CSM), planned to issue 29.6 million bonus shares to increase its charter capital as of yesterday.

The Government aims to have one million businesses by 2020, up from the current 500,000, and will offer assistance in the early stage of startups, Deputy Prime Minister Vương Đình Huệ said at an international seminar held in HCM City yesterday.

After equitisation and restructuring, dozens of firms are considered sufficiently capable to contract for projects funded by overseas aid