business

The Vietnamese real estate market continues to be stable with supply on the rise compared to 2017 (Photo: VNA) Hanoi (VNA) – Economic experts and representatives from a range of firms gathered  together at a teleconference on investment trends and opportunities in Vietnam’s real estate market, held in Hanoi on December 11. Participants focused on analysing, predicting, and coming up with solutions to help develop the real estate market in a balanced, stable, and sustainable manner; as well as help investors and the public better understand the upcoming market trends of 2019. Nguyen Manh Ha – Vice Chairman of the Vietnam Real Estate Association (VNREA), the event’s organiser – said that statistics from the association shows that the Vietnamese real estate market continues to be stable with supply on the rise compared to 2017. Beside Hanoi and Ho Chi Minh City, other localities such as Dong Nai, Binh Duong, Bac Ninh, Bac Giang, and Phu Tho have … [Read more...] about Conference discusses Vietnam real estate market trend

The electric cable production line of Vinacap, a joint venture between VNPT and EVN. (Photo: VNA) Hanoi (VNA) – Export of electric wire and cable earned Vietnam nearly 1.6 billion USD in the January-November period, up 24.7 percent compared to the same period last year, according to statistics of the Ministry of Industry and Trade. The figure for November alone was 150 million USD. High growth was seen in the export of the products to China, Japan and the Republic of Korea this year. China alone spent 530.79 million USD to import electric wire and cable from Vietnam in the first 10 months of the year, an increase of 39.1 percent year on year. Meanwhile, the value of shipments to the RoK went up by 34.46 percent, and that to Japan, by 21.46 percent. At present, Vietnam has more than 200 enterprises producing and exporting electric wire and cable. -VNA … [Read more...] about Export of electric wire, cable surges

Foreign tourists at Lao Cai province (Source: VNA) Lao Cai (VNA) - Budget collection of the northern mountainous province of Lao Cai in 2018 is estimated at over 8 trillion VND (nearly 342.49 million USD), surpassing the assigned target by 41.7 percent and up 6.3 percent against the previous year, the provincial People’s Committee reported on December 11. The province’s domestic collection reached 5.6 trillion VND (nearly 239.60 million USD), equivalent to 100 percent of the estimate and representing a year-on-year increase of 8.3 percent. Meanwhile, import-export activities contributed 2 trillion VND (over 85.5 million USD) to the local budget, up 7.2 percent year-on-year. Export-import taxes collected at the Lao Cai border gate as of December 10 hit 1.58 trillion VND, up 19.6 percent. The locality’s total export of agricultural products reached 541.7 million USD, rising 259.3 percent. Vice Chairman of the provincial People’s Committee Nguyen Huu … [Read more...] about Lao Cai’s 2018 budget collection hits over 8 trillion VND

Deputy Prime Minister Vuong Dinh Hue (right) shakes hand with Chairman and Founder of Clermont Group Richard F Chandler. (Source: SGP) Hanoi (VNA) – Deputy Prime Minister Vuong Dinh Hue called on Singapore’s Clermont Group to share its experience with and provide consultations for Vietnam in building and developing an ecosystem for fintech and digital banking. At a working session with Richard F.Chandler, Chairman and Founder of Clermont Group, in Hanoi on December 11, the official suggested the group consider direct provision of services in the fintech and digital banking sectors in Vietnam. Although the Vietnamese Government and the Prime Minister have no plans to establish more wholly foreign-owned banks, they encourage foreign investors to participate in restructuring weak banks and then become an entity holding 100 percent of capital in line with domestic legal regulations, he stressed. Hue asked Clermont to select banks for restructuring through the State Bank … [Read more...] about Clermont Group urged to help VN build fintech, digital banking ecosystem

ICD My Dinh (Photo: nhandan.com.vn) Hanoi (VNA) – Hanoi is expected to become one of the country’s three major logistics hubs that meet international standards, said a municipal official. Nguyen Thanh Hai, Deputy Director of the municipal Department of Industry and Trade, said Hanoi has launched a project on managing and developing logistics services in the locality by 2025. Accordingly, the city will build two logistics centres in its north and south, each spanning from 20 to 50ha and connected with inland container depots (ICD) and seaports like Hai Phong, Hon Gai and Cai Lan, and airports, coach and railway stations, and industrial parks. A specialised logistics centre will also be constructed at Noi Bai International Airport. The sector is expected to contribute 9-11 percent of the city’s gross regional domestic product (GRDP) by 2025 when two logistics centres, two ICDs, an international container port and other facilities are put into operation. Tran Duc … [Read more...] about Hanoi aims to become national logistics hub