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
Merger in banking sector
Việt Nam posts remarkable economic achievements in 2016-20 period
Looking back at Việt Nam’s external affairs over the past 35 yearsPersonnel procedures for upcoming Party congress 'transparent, democratic, objective': Party officialSingaporean scholar impressed by Việt Nam’s successes13th National Party Congress – new milestone in Việt Nam’s development processViệt Nam’s foreign policy greatly enhances the country’s position: expert … [Read more...] about Việt Nam posts remarkable economic achievements in 2016-20 period
VIMC strives to become regional brand name
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
