Việt Nam News

The property market is “struggling and risks falling into a slump,” Lê Hoàng Châu, chairman of the HCM City Real Estate Association, has warned.

Banking and manufacturing stocks cushioned the market yesterday.

Việt Nam has so far invested over US$2.93 billion in Cambodia, becoming the top ASEAN investor and one of the five biggest foreign investors in the country.

Vietnamese businesses were advised to to adopt green practices to secure sustainable growth in textile and garment export to Canada, where Việt Nam ranks second among the exporters of such products.

Việt Nam’s budget collection in the first 10 months of this year stood at VNĐ1.46 quadrillion (US$58.7 billion), surpassing the estimate by 3.7 per cent, and up 16.2 per cent year-on-year, the Ministry of Finance reported.

The project area is located in Quang Châu Commune, Việt Yên District, Bắc Giang Province with investment capital of VNĐ996 billion (US$42 million).

Vietnam Airlines Group, which comprises Vietnam Airlines, Pacific Airlines and Vietnam Air Services Company (VASCO), has completed online check-in systems at all domestic airports.

Petrolimex (Vietnam National Petroleum Group), the domestic largest fuel trader, said they have extended operational hours to meet market demand. 

Prime Minister Phạm Minh Chính’s official visit to Cambodia from November 8-9 and his attendance at the 40th and 41st ASEAN Summits and related Summits from November 10-13 are expected to help boost bilateral trade cooperation which has reported positive growth over the recent past.

The MoIT said the refineries must also streamline their procedures to hand off products quicker to retailers, including those without a signed contract, to ease out of the fuel shortage. 

The collective economy in Tiền Giang Province has recovered strongly in the first 10 months of the year, greatly contributing to local socio-economic development and poverty reduction, according to the Tiền Giang Cooperative Alliance.

In 2021, Vĩnh Hoàn Corporation's aquacultural byproducts and collagen/gelatin products raked in over VNĐ2.2 trillion, of which the latter contributed VNĐ642 billion.

Those changes have shown that the modern commercial infrastructure has been developed while the traditional market system has been upgraded, especially in rural markets. 

Passenger volume through Vietnamese airports reached more than 81 million passengers in the ten months of 2022, with 100 million forecast for the whole year. In 2019, the number was 120 million.

Many stocks unexpectedly received a large amount of capital inflows from foreign investors, especially some banking stocks, even though the market went down in October.

The liquidity of the whole banking system has remained good, Governor of the State Bank of Vietnam (SBV) Nguyễn Thị Hồng said

The market was still under strong selling pressure, with the VN-Index losing nearly 22 points. But foreign investors sized the opportunity for bottom-fishing.

The HCM City Department of Industry and Trade has asked businesses to prepare a wide range of essential goods commonly consumed during the upcoming Tết (Lunar New Year) holiday to ensure sufficient supply and stable prices.