Rising investments real estate

The market in new urban areas is set to become more active Photo: Le Toan March has seen a flurry of activity in welcoming quality real estate products in Vietnam. Singaporean group CapitaLand Development, saw all of [email protected] West Lake booked up after being introduced to the market on March 19. The Elysian project developed by Gamuda Land is also reportedly being well observed by buyers due to the prestige of the developer, the good location, and high quality of the project. Domestic groups are also joining the rush. Nam Long Investment JSC said that the business is implementing a series of plans in 2023, in which priority is being given to ventures in large urban areas such as Waterpoint, Mizuki Park, Nam Long Can Tho, Nam Long Dai Phuoc, Akari City, and Izumi City. Meanwhile, Hung Thinh Land introduced the 9X An Suong project in the northwest of Ho Chi Minh City. In the southern province of Binh Duong, Phu Dong Group is about to open for sale an apartment project … [Read more...] about Positive real estate signs march ahead

On March 26, HoREA sent a document to Prime Minister Pham Minh Chinh to propose some solutions for credit and project transfers to remove difficulties in the real estate market. According to HoREA, Decree No.08/2023/ND-CP has had a positive impact on the confidence of the market and its investors. This is the legal basis to pave the way for a negotiated agreement between the companies that have issued upcoming bonds and the bondholders. The decree, dated March 5, focuses on amending, supplementing, and ceasing the effect of a number of articles in previous decrees on the private placement of corporate bonds and the trading of privately placed corporate bonds on the domestic market, along with the offering of corporate bonds on the international market. These mechanisms and policies will remove the difficulties businesses have issuing bonds that are about to come due and support bondholders, while at the same time creating favourable conditions for the transfer of … [Read more...] about HoREA proposes extension of repayment schedules for businesses

The Ministry of Planning and Investment (MPI) is urging a project steering committee to accelerate the transition of traditional industrial parks (IPs) to an ecological model as part of a nationwide eco-IP intervention initiative. Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc said, “The project has contributed to the replication of the eco-IP model in Vietnam, in line with the National Green Growth Strategy for 2021-2030, Vietnam’s commitment to the United Nations’ Sustainable Development Goals, and the net-zero emissions commitment to 2050.” Private sector urged to enter eco-IP arena, illustration photo. Developing eco-IPs is inevitable as many countries are applying the carbon tax mechanism on imported goods, the deputy minister added. “Meanwhile, many tenants in IPs are manufacturers for export, and they need a green certificate to export products. Thus, relevant parties continue to spread technical and financial support to many IPs at different … [Read more...] about Private sector urged to enter eco-IP arena

The CEO and Regional Head, Client Coverage, Americas, Standard Chartered, shared his view on Vietnam's significance for US businesses and why Vietnam is potential for foreign investors. Vietnam has gone from being a frontier economy in ASEAN to a flourishing, cost-effective industrial nation. Firms and investors looking for new markets to grow, source, or manufacture their products – especially in Asia – should consider Vietnam’s long-term potential and stay updated on its opportunities. Steven Cranwell, CEO and Regional Head, Client Coverage, Americas, Standard Chartered. Photo: Standard Chartered In recent years, Vietnam has benefited from the trade tensions between the US and China. With US companies adopting a ‘China plus one’ approach to their supply chains, the percentage of exports from Vietnam to the US has risen by approximately nine percent between 2018 and 2021. It is, however, important to note that Vietnam has been an alternative to China … [Read more...] about The significance of Vietnam for US businesses and why they should take notice: Standard Chartered

Prime Minister Pham Minh Chinh expressed his belief that the ambassador will contribute to improved bilateral relations, adding that the Vietnamese government will order relevant agencies to coordinate with and assist the diplomat to fulfill his duties. Implementing the foreign policy of independence, self-reliance, diversification, and multilateralization of external relations, and being a good friend, trustworthy partner, and responsible member of the international community, Vietnam wishes to intensify cooperation with Middle Eastern countries, of which Saudi Arabia is a major and influential nation, Prime Minister Pham Minh Chinh noted. Ambassador Mohammed Ismaeil A. Dahlwy highlighted the increasingly enhanced relations between the two countries, saying he hopes bilateral ties will continue to be promoted more strongly. Prime Minister Pham Minh Chinh and the Saudi Arabian Ambassador applauded the progress in cooperation in recent times. Saudi Arabia is now one of its leading … [Read more...] about Prime Minister Pham Minh Chinh receives Saudi Arabian ambassador

Prime Minister Pham Minh Chinh received Ambassador of Saudi Arabia to Vietnam Mohammed Ismaeil A. Dahlwy in Hanoi on March 29, highly valuing his guest’s activeness in helping strengthen friendship and cooperation. Prime Minister Pham Minh Chinh (R) and Ambassador of Saudi Arabia to Vietnam Mohammed Ismaeil A. Dahlwy (Photo: VNA) The PM expressed his belief that the ambassador will contribute to improved bilateral relations, adding that the Vietnamese Government will order relevant agencies to coordinate with and assist the diplomat to fulfil his duties. Implementing the foreign policy of independence, self-reliance, diversification, and multilateralisation of external relations, and being a good friend, trustworthy partner, and responsible member of the international community, Vietnam wishes to intensify cooperation with Middle Eastern countries, of which Saudi Arabia is a major and influential nation, PM Chinh noted. Ambassador Mohammed Ismaeil A. Dahlwy … [Read more...] about PM Pham Minh Chinh receives Saudi Arabian ambassador

Australian enterprises, participating in the Australia-Vietnam Energy Transition Business Forum held in Hanoi on Tuesday, said they are willing to help Vietnam develop systems and equipment to produce large energy-storage batteries domestically to reduce their prices. At the forum jointly held by the Australian Trade and Investment Commission (Austrade), the Electricity and Renewable Energy Authority under the Ministry of Industry and Trade, and the Vietnam Electricity Group (EVN), the energy transition of the two countries and Australia’s new energy technology and solutions were introduced. The event was among those to celebrate the 50th anniversary of the diplomatic relations between Vietnam and Australia. Building energy storage systems in Vietnam Renewable energy needs large storage equipment which meets safety standards and is eco-friendly. A typical solution in Australia is the energy storage battery. This is a feasible solution to optimize the renewable energy … [Read more...] about Australian firms willing to transfer energy-storage battery tech to Vietnam

Illustrative image (Photo: VNA) Hanoi (VNA) - The consumer price index (CPI) in the first quarter of 2023 increased 4.18% year on year, according to the General Statistics Office (GSO) under the Ministry of Planning and Investment. At a press conference on March 29, GSO Director Nguyen Thi Huong cited a number of major factors behind the rise, including the rising price of housing and construction materials (7.17%), which hiked the CPI in the period up by 1.35 percentage points. Meanwhile, a 4.41% increase in the price of food and foodstuff due to high demand during the Lunar New Year festival also caused a rise of 0.94 percentage point of the CPI. At the same time, education service prices surged 10.13% as some localities ended the tuition fee exemption and reduction scheme that aimed to ease people’s difficulties during COVID-19 pandemic. This also led to a 0.62-percentage-point rise in CPI in the period. price s of petrol, gas and post-telecom services. CPI … [Read more...] about CPI increases 4.18% in Q1

In 2008, the US investment bank Bear Stearns, on the verge of collapse, had to be rescued by J.P. Morgan. This marked the beginning of the global financial crisis of 2008, which sent the global economy into a deep recession and caused significant economic damage, including massive employment losses. Patrick Lenain, senior associate at the Council on Economic Policies Today, several banks are once again in trouble. As of March 22, four large banks were in distress. Silicon Valley Bank (SVB), a $212 billion US bank specialising in tech startups, collapsed when it was unable to meet deposit withdrawal requests and had to be taken over by federal regulators. A few days later, Signature Bank, another midsized US bank with assets of $110 billion, also suffered a severe liquidity crisis and was seized by federal regulators. This was followed by First Republic Bank with assets of $205 billion, which was hit by rating downgrades and a tumbling share price and had to be … [Read more...] about Developments for Vietnam to watch in midst of bank crisis

Local experts suggest it is necessary to coordinate with employers in the recruitment, organization of training, and retraining of employees to overcome the shortage of qualified workers and contribute to the recovery of production and business activities. Hanoi's authorities will come up with specific solutions to improve the quality of labor and link vocational training with labor market demand, targeting 73.2% of skilled workers by the end of 2023. Submunicipal authorities, experts, and people have shared with Hanoimoi Newspaper the labor market outlook and proposals to address problems related to recruitment and vocational training problems in the city. Local workers are learning sewing skills at the Hanoi Center for Employment Service. Photo: Hanoimoi Newspaper Director of Hanoi Department of Labor - Invalids and Social Affairs Bach Lien Huong : Focus on linking vocational training with enterprises In recent years, vocational training … [Read more...] about Solutions to boost labor quality: Experts