Capital gains when selling a house

At the meeting She made the state at a today meeting on the housing development program for the period 2016-2025 with the participation of Chairwoman of the People's Council Nguyen Thi Le and Chairman of the People's Committee Phan Van Mai. Speaking at the meeting, Director of the Department of Construction Tran Hoang Quan said that from 2016 to 2020, the floor area of the city increased by 53.7 million square meters. Self-built houses play the main role with an increase of 38.5 million square meters of floor space while commercial housing accounted for the second largest proportion, reaching 13.98 million square meters of floor and social housing increased by 1.23 million square meters of floor space. Regarding social housing, in the 2016-2020 period, Ho Chi Minh City completed and put into use 19 projects, with 1.23 million square meters of floor space, reaching 69.2 percent of the set target. In the first quarter of 2022, a social housing project has been completed and put … [Read more...] about HCMC reviews land fund for construction of worker accommodation, social housing

Agricultural circular model gains traction - illustration photo Nghiem Xuan Thanh, Secretary of Hau Giang Party Committee, last week worked with a joint venture between THD Vietnam Project Development JSC and THD Vietnam Agricultural Mechanised Construction JSC to discuss plans to develop an agricultural complex under the circular economic model worth around $1.74 billion. The complex combines two components – the first is a $943.5 million project based on the agriculture-industry-energy (AGINE) model, with the main focus on high-tech organic agriculture in rice cultivation, linking the agricultural processing industry to food products and the production and use of renewable energy. The second model, known as GreenDevi, has an investment capital sum of $782.6 million and represents green development characteristics in agricultural production, including livestock cultivation, circular production and processing without environmental waste, and maximum use of renewable energy to … [Read more...] about Agricultural circular model gains traction

Tôn Thanh Trà, General Director of Chợ Rẫy-Phnom Penh Hospital, gives a health check-up to a patient at the hospital in Phnom Penh, Cambodia. — VNA/VNS Photo HÀ NỘI — One evening, doctors at Chợ Rẫy-Phnom Penh Hospital received a red alarm from the Emergency Department. A female patient had arrived in the emergency room in a state of confusion. She had trouble speaking and paralysis on the right side of the body. After examination and the necessary tests, doctors diagnosed the patient as suffering a stroke caused by atrial fibrillation and tachy-brady syndrome. After consultation, it was decided the patient needed a permanent pacemaker. The surgery was performed that night. It was incredibly successful. The patient was in stable health condition and discharged from the hospital four days later, to the joy of family and relatives. This was one of the thousands of timely life-saving cases that Vietnamese doctors successfully performed at the Chợ Rẫy- Phnom Penh Hospital in … [Read more...] about Vietnamese doctors gain Cambodian people’s trust

A worker operating a production line inside a Duc Giang Chemical plant in Hung Yen Province. In 2022, Duc Giang Chemical Group Joint Stock Company (DGC) sets a target of VND12.1 trillion in revenue and VND3.5 trillion in profit after tax. — Photo ducgiangchem.vn Thanks to their good growth potential and attractive valuation, chemical stocks are being included in the portfolios of investors. The stock market last week recorded four out of five declining sessions, of which the first session of the week recorded the strongest decline with the VN-Index losing more than 57 points. Some investors see this as an opportunity to hunt for cheap stocks. Pham Dinh Cong from Ha Noi told tinnhanhchungkhoan.vn that he had taken the opportunity to buy some stocks in the past week, prioritising the enterprises with good financial status and growth potential, such as the chemical group. According to ACB Securities Company (ACBS), in May 2022, the industrial production index of the chemical … [Read more...] about Chemical firms see growth potential thanks to rising selling prices

Facilities of Binh Son Refining and Petrochemical Company Limited (BSR) in the central province of Quang Ngai. BSR rose 2.8 per cent on Wednesday. Photo bsr.com.vn Vietnamese shares rose on Wednesday, propped up by a slew of banking and energy stocks. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index increased 1.27 per cent, to 1,218.10 points. The benchmark increased 1.46 per cent, to close Tuesday at 1,202.82 points. More than 588.4 million shares were traded on the southern bourse, equivalent to VND14.4 trillion (US$619 million). Market breadth was positive with 136 losers and 326 gainers. Banking stocks were darlings of the market with gainers including Military Bank (MBB), Techcombank (TCB), Bank for Investment and Development of Viet Nam (BID), VietinBank (CTG), Viet Nam International Commercial JS Bank (VIB), Saigon-Hanoi Commercial JS Bank (SHB), Tien Phong Bank (TPB) and Vietcombank (VCB). Energy stocks gained ground with gainers such as Viet Nam National … [Read more...] about Shares extend gains, bolstered by bank and energy sectors

FPT Corporation's software programmers. FPT lost 4.3 per cent Thursday. — VNA/VNS Photo Danh Lam Vietnamese shares ended Thursday in a sombre mood amid increasing selling pressure which caused the VN-Index to retreat from the 1,200-point mark. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index decreased 1.68 per cent, to end at 1,197.60 points. It had increased 1.27 per cent, to end Wednesday at 1,218.10 points. More than 510 million shares were traded on the southern bourse, equivalent to VND11.3 trillion (US$485.6 million). Market breadth was negative with 371 losers and 89 gainers. Banking stocks lost ground with losers including Military Bank (MBB), Techcombank (TCB), Bank for Investment and Development of Viet Nam (BID), VietinBank (CTG), Viet Nam International Commercial JS Bank (VIB), Saigon-Hanoi Commercial JS Bank (SHB), Tien Phong Bank (TPB) and Vietcombank (VCB). Energy stocks suffered selling pressure with losers such as Viet Nam National Petroleum Group … [Read more...] about Shares end lower as selling pressure increases

Sabeco's beer production line. The beverage producer is not on the divestment list of SCIC this year. (Photo courtesy of Sabeco) Hanoi (VNS/VNA) - In 2022, the State Capital Investmevnt Corporation (SCIC) is expected to divest from 101 member companies. In the list of divestments this year, large enterprises such as Tien Phong JSC, Bao Viet Group, Sabeco, Vinatex and FPT Corporation, are not mentioned. However, it does include many notable companies, including Hai Phong Thermal Power JSC, Binh Minh Plastic JSC, Vinaplast Corporation, Seaprodex, EVN TPC Quang Ninh, Viettronics Corporation, CoTraco Quang Ninh, Vinacontrol, FICO, Thăng Long JSC, VIWASEEN, and Licogi. Recently, SCIC divested from Vinh Long Real Estate JSC, Saigon Machinery Spare Parts JSC, Thang Long JSC, and Ben Tre Construction Material JSC. Of which, the auction of Thang Long JSC’s shares could not take place due to a lack of investors. SCIC will auction a lot with a volume of more than 2 million VXB … [Read more...] about SCIC has no plans to divest from large enterprises this year

Cổ Loa Temple is one of the relics that has attracted the city's attention to invest in its preservation. Photo nhandan.vn Hà Nội's recent decision to mobilise vast financial sources to protect its heritage sites is promising to blow a new breath of life into hundreds of historical and cultural monuments after many years of effort without success. The capital city's authorities have pledged to boost the public investment plan for 2021 - 2025 by pouring over VNĐ14 trillion (US$602 million) into restoring and embellishing a total of 579 relic sites in the area. According to the municipal People's Council, the sum is a significant part of its financial supplementation plans for a five-year term and the allocation for 2022, including investment plans in building and renovating public schools, upgrading the health system, as well as restoring and upgrading heritage sites from 2022 to 2025 and the following years. Vice Chairman of the Hà Nội People's Committee Chử Xuân … [Read more...] about Investment ready for Hà Nội’s relic restoration

Gloom has set in in many localities including Bao Loc (the Central Highlands province of Lam Dong), Dac Nong, Binh Phuoc, Ba Ria-Vung Tau, and Binh Thuan, whose real estate markets used to be hot a few months ago.— Photo datxanhgiatrithuc.com Tran Trung Thanh, a real estate broker in Binh Thuan and Ba Ria-Vung Tau provinces, said since the beginning of April demand for agricultural lands has seen a sharp slump. The number of people who want to sell land is higher than those who want to buy, he said. Gloom has set in in many localities including Bao Loc (the Central Highlands province of Lam Dong), Dac Nong, Binh Phuoc, Ba Ria-Vung Tau, and Binh Thuan, whose real estate markets used to be hot a few months ago. Even the housing segment has shown signs of slowing down in many localities due to falling demand on both the primary and secondary markets. HCM City is a typical example. The country’s economic hub always has high demand for housing and faces a serious shortage of … [Read more...] about Real estate market slumps as banks cut off funds

Ring road plan to transform market - Illustrative photo (Source: VNA) The government has asked the National Assembly (NA) to consider and decide on the policy for investing in the ring roads to be located in the country’s two biggest cities. Tran The Anh, sales director of Thang Loi Group, said that the land fund in inner cities is increasingly exhausted and prices are high, with investors turning to suburban real estate. “There is a thirst for houses for those living and working in Ho Chi Minh City in particular,” The Anh said. “The shifting trend of investors and individual financiers is also creating a new vitality for the real estate market in the suburbs.” One of the issues discussed by NA delegates and experts is how to exploit the land fund around the two ring roads, which will soar in value. Already in many places, the price of land in the area has increased dozens of times over. “Because the two routes will open up a vast land fund, the management of auctions of … [Read more...] about Ring road plan to transform market