How long can banks hold checks

Dang Hung Vo, former Deputy Minister of Natural Resources and the Environment, acknowledged that the trend of investing in real estate projects in satellite cities and provinces is a given. “Once inner-city land funds become unavailable, it is inevitable that real estate developers move to the surrounding areas. As for end-users, when infrastructure develops and roads are convenient, living in neighbouring urban areas is a very good choice,” Vo said. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 24

According to Phan Hoc Hai, in charge of the sanitary worker team under the Ho Chi Minh City Urban Environment Co. Ltd., his team scoops up between seven and 13 metric tons of garbage released into the canal on a daily basis. … [Read more...] about Saigon’s prettiest canal defaced by huge refuse volume

However, the corporation implemented drastic and comprehensive restructuring measures. Those included increasing debt purchase of banks according to market principles, switching debts to contributed capital, paying debts by investments that VIMC is in need of divestment, thoroughly handling bad debts and ineffective assets, saving costs, accepting some businesses to file for bankruptcy, focusing on market development and improving efficiency of trade activities. Thanks to greater efforts, VIMC has made profits totaling more than VND1 trillion from seaport services per year since it was equitized, helping it overcome numerous difficulties in maritime transportation. Seaports have become ‘gold mines’ for partners and investors who want to own VIMC’s stocks by investing in the parent company. … [Read more...] about VIMC strives to become regional brand name

In the interview, the Prensa Latina correspondent also highlighted Việt Nam’s success as ASEAN Chair in 2020 despite the COVID-19 crisis. It held many teleconferences and phone talks with leaders of countries in the region and the world to coordinate the pandemic response strategy and maintain contact. … [Read more...] about National Party Congress will guarantee present and future of Việt Nam: Cuban journalist