Accordingly, in June, Novaland finalised the transfer of the entirety of stakes in a joint-stock company in the form of capital contribution and picked up more than VND1.7 trillion ($73.9 million) in profit. Another transaction that the company made in the first half of 2020 also brought VND795 billion ($34.57 million) to its profit. … [Read more...] about Novaland keeps place on Vietnam Sustainability Index
Most distressed real estate markets
HCM City-Long An roads to be widened to cope with growing traffic
Meanwhile, HCM City has urged the Ministry of Transport to speed up construction of ring roads No 3 and No 4 at a cost of more than VND154 trillion ($6.6 billion) to reduce congestion in and around the city and strengthen its links with neighbouring provinces. … [Read more...] about HCM City-Long An roads to be widened to cope with growing traffic
Support a prerequisite for Vietnamese groups to make major mark in Singapore
For Vietnam, outward investment has been on an upward trend in recent years, but the majority of capital mostly concentrates in Laos and Cambodia in the ASEAN. Vietnam has a close relationship with Singapore and increasingly investing in this country. Significant examples are FPT Group investing in IT, and Petrolimex pouring money into oil and gas. They are typical companies that have successfully invested in Singapore but are still small- and medium-sized, which shows that Vietnam has not had much capital to invest in Singapore. … [Read more...] about Support a prerequisite for Vietnamese groups to make major mark in Singapore
Top 10 most valuable brands worth US$8.1 billion
The ranking was classified by industry. Most of the companies have operating time of more than 10 years. The food and beverage and financial services industries continue to dominate the list with nine representatives each. They were followed by real estate, IT, and retail. … [Read more...] about Top 10 most valuable brands worth US$8.1 billion
Post-pandemic focus for new investments
Imitating some of these jurisdictions’ best practices could further help boost Vietnam’s attractiveness. For instance, more favourable taxation (only of locally sourced income), elimination of excessive bureaucracy (reduction of documents which need to be notarised, for example), and an even wider use of English in public administration, as well as closer partnership with the EU and the ASEAN Economic Community would help in those cases where Vietnam alone cannot entirely replace other destinations. … [Read more...] about Post-pandemic focus for new investments
