Corporate bond issuances

Illustrative image (Photo: VNA) Hanoi (VNA) – The Ministry of Construction will pay attention to urban planning and management in 2023 , according to Minister Nguyen Thanh Nghi . Specifically, the ministry will focus on improving the quality of planning to match the mindset, vision, and forecasting while ensuring feasibility. It is necessary to exercise strict control in the stages of planning appraisal and adjustment, as well as strengthen local inspection and guidance activities, and rectify local authorities’ capacities and conduct in planning issues. At the same time, legal regulations and management tools will continue to be perfected to strictly control the process of synchronous urban development – one that goes in tandem with industrialisation, modernisation, rural development, enhancing the competitiveness of urban areas, effectively using resources, especially resources from land, from urban space development, stated Nghi. According to the minister, in … [Read more...] about Urban planning, management – a focus in 2023: construction minister

Government bond is an important source of revenue for the state budget and supports the development of the capital market. The Vietnam State Treasury (VST) is expected  to raise VND400 trillion (US$17 billion) by issuing Government bonds via auctions at the Hanoi Stock Exchange (HNX) in 2023. Government bonds remain a key source for the state budget. Photo: Viet Dung Under the plan, the agency is set to issue bonds worth VND108 trillion ($4.6 billion) in the first quarter of this year. This would include bonds with five to seven-year maturity of VND8 trillion (US$341.5 million), 10-year maturity of VND45 trillion (US$1.9 billion), 15-year maturity of VND45 trillion (US$1.9 billion), 20-year maturity of VND5 trillion (US$213.2 million) and 30-year maturity of VND5 trillion (US$213.2 million). VST noted adjustments may be made to stay in line with the actual situation of the market and Gov’t expenditure needs, especially the disbursement progress of public … [Read more...] about Vietnam State Treasury to raise US$17 billion through Gov’t bonds in 2023

Bui Thanh Nhon, chairman of the board at Novaland The group's latest information was updated with a focus on comprehensive restructuring activities and consolidating a strong and experienced workforce for the incoming activities. According to the latest announcement, Novaland has adjusted the number of board members from seven to five members and re-elected others. Accordingly, Nhon was officially elected as chairman and legal representative of the group. According to the restructuring plan, Novaland will streamline the apparatus with a clearer separation and decentralisation to operate independently as well as clearly assigned rights and responsibilities between the board of directors, executive board, and each individual. With the support and advice of professional partners, Novaland is drastically and comprehensively restructuring the group with effective and focused management solutions ensuring the interests of related customers and stakeholders. Novaland has been … [Read more...] about Chairman re-elected at Novaland

At the ceremony, Phuc, 69, said that as the prime minister during the 2016-2021 term, he was responsible for letting several officials, including two deputy prime ministers and three ministers, commit violations that caused severe consequences. "Being aware of my responsibility to the Party and the people, I summitted a request to resign from all positions and to retire. During the extraordinary meetings of the Central Party Committee and the National Assembly, I had raised this issue unequivocally and clearly," he said. "My family, my wife and children did not earn personal gains or commit corruption related to Viet A, and have never met Viet A director, and these have been clearly concluded by the Central Inspection Commission," Phuc said, referring to the test kit scandal of Viet A Technology Corporation that involved many government officials. On January 17, the Central Party Committee agreed to let Phuc stop serving as a member of the Politburo and the committee , … [Read more...] about Former president Nguyen Xuan Phuc formally hands over work

According to the Foreign Investment Agency (FIA), under the Ministry of Planning and Investment (MPI), close to $1.7 billion worth of foreign capital poured into Vietnam last month. While this figure was down 19.8 per cent on-year, partly due to the timing of the Lunar New Year, January still saw positive signs. Some 153 new foreign-invested projects, valued at $1.2 billion, were granted licences, up 48.5 per cent in number and 3.1 times in value compared to the same period last year. “We can consider this a signal confirming the confidence of overseas financiers to expand their interests in Vietnam,” said Do Nhat Hoang, director of the FIA. This confidence is also reflected in the amount of new projects that were granted investment registration certificates or signed an MoU in the first month of the year. Bac Giang People’s Committee have granted several investment certificates and MoUs for a number of internationally funded projects with total registered capital of about … [Read more...] about Strong figures for FDI in January

Deputy Prime Minister Vu Duc Dam pays homage to heroic martyrs at the Kim Son martyr cemetery in Gia Lam district, Hanoi, on May 20 (Photo: VNA) Hanoi (VNA) – The first portal on war martyrs, war martyrs’ graves and cemeteries nationwide is set to make debut this July, expected to facilitate the public’s access to relevant information and search for the graves of their relatives who laid down their lives for the sake of the country. Deputy Prime Minister Vu Duc Dam paid homage to heroic martyrs at the Kim Son martyr cemetery in Gia Lam district, Hanoi, and examined the portal building progress on May 20. He said the database of martyrs and their graves has been compiled on paper by the Ministry of Labour, Invalids and Social Affairs (MOLISA) and the Ministry of National Defence. However, there haven’t been any ways to identify hundreds of thousands of graves that lack information. With a widespread network of more than 12,000 transaction points and 43,000 post office … [Read more...] about Portal on war martyr-related information to open in July

The demand for Vietnam’s IP land rentals will sharply grow in 2023 thanks to policies promoting a return to investing in the Southeast Asian country. The industrial property segment is predicted to continue to be a bright spot in Vietnam’s real estate market in the coming years after reaching impressive growth in 2022, local insiders said. Benefiting from the ex isting land bank Many IP developers earn profit from developing IP projects. Photo: Cong Hung A recent report on the industrial real estate industry of VNDIRECT Securities predicted that by 2023, the net profit of listed IP developers is expected to grow by around 12% year-on-year. "We see more challenges for IP developers in the next two years due to the slow project approval process and limited funding sources. However, this is likely to turn into opportunities for developers that own ready-to-lease land banks, such as Becamex IDC Corporation (BCM)," the report noted. "We believe that … [Read more...] about Vietnam’s industrial property – promising segment in 2023

HCM City Power Corporation (EVNHCMC) has announced a plan to implement 44 power projects this year. The 16 key projects include 110KV and 220KV power projects that will enter operation this year. HCM City to carry out 44 power projects this year This is part of the city’s plan to boost public investment this year. Bui Hai Thanh, deputy general director of EVNHCMC, has said that the firm would closely cooperate with concerned agencies to take drastic measures to ensure the projects were completed on time. HCM City will also invest into 60 other power projects in the coming years. Prime Minister Pham Minh Chinh previously urged HCM City to speed up the disbursement of public investment to further boost economic growth. The city has established three teams to support projects allocated with large capital in 2022 and asked the municipal departments and grassroots authorities to promptly lift hindrances to disbursement. HCM City topped the nation in terms of … [Read more...] about HCM City to carry out 44 power projects this year

Accor Vietnam intends to double the number of international-standard hotel s in Vietnam. - Illustrative image (Photo: baodautu.vn) Hanoi (VNA) - Accor Vietnam and IHG Hotels & Resorts – the world’s leading hotel businesses operating in Vietnam announced that they intend to double the number of international-standard hotels in the Southeast Asian nation in the next five years. Representatives of Accor and IHG said Vietnam is a very attractive country to invest in, and foreign investment has been quite robust over the past few years. There is huge potential for developing the hotel sector in the Southeast Asian nations. Xavier Cappelut, Vice President of Operations of Accor Vietnam, said the firm has plans to welcome 41 more hotels and resorts in its chain in Vietnam within the next five years. The hotel market received a great number of domestic visitors from the first half of 2022 due to the loosening of pandemic regulations, he said, adding that the demand has … [Read more...] about World’s leading hotel groups to double down on investment in Vietnam