Techcombank ho chi minh city international marathon

The hype over the development of Thu Duc city proposal and upcoming metro line coming into operation will attract property developers to invest development in this new urban area. Besides that, land speculators will too be attracted to this investment opportunity. Therefore, a hike in land value in proposed Thu Duc city especially properties with close proximity to metro stations are expected. … [Read more...] about East Ho Chi Minh City development ramps up

The awards will focus on brands in four key industrial (food processing, chemical rubber, mechanics. and information technology) and nine main service sectors (finance - banking - insurance; commerce; travel; transportation, port and warehouse; post and telecommunications, ICT; real estate; advisory; science and technology, health; education and training). … [Read more...] about Ho Chi Minh City Brand Awards launched, to become annual feature

HCM City (VNA) – Foreign direct investment (FDI) pledges for Ho Chi Minh City fell 30.5 percent year-on-year to 3.8 billion USD during January-November, according to the municipal statistics bureau. The global economy has been battered by the coronavirus pandemic, and investors unable to travel due to restrictions, the bureau further said. In the 11-month period, 865 new projects were granted investment registration certificates, a year-on-year decline of 26.8 percent. Total registered capital fell to 500 million USD, down 65 percent. Regarding additional capital, 235 projects registered to adjust their capital, down 16.7 percent, while the total capital topped 476 million USD, down 38 percent as compared to the same time last year. More than 2.83 billion USD was poured into 3,401 capital contribution and share purchase deals by foreign investors, a decline of 13.6 percent. Since the pandemic continues its complicated developments, the municipal People’s Committee has … [Read more...] about Pandemic takes toll on HCM City’s FDI attraction

HCM City (VNS/VNA) – Ho Chi Minh City is set to roll out a second COVID-19 aid package worth 12 trillion VND (517 million USD) exclusively for small and medium-sized enterprises (SMEs). Le Minh Tan, Director of the city Department of Labour, Invalids and Social Affairs, said that preferential loans would be offered to employers to maintain production, retain workers and ward off bankruptcy with priority given to micro and small-sized enterprises. “Unlike the previous package under the Government’s Resolution 12, the second package will provide SMEs with easier access to preferential credit, and not require a 50 percent cut in payroll or fall in revenues [to qualify]. “Instead, businesses can borrow to maintain their production and [retain] employees if their revenues declined by just 20-30 percent from the fourth quarter of 2019.” The package would involve the active participation of commercial credit institutions, he said. The city’s credit … [Read more...] about HCM City unveils 517 million USD aid package for SMEs

Hanoi (VNA) – Ho Chi Minh City lured 3.25 billion USD in foreign direct investment (FDI) in the first nine months of 2020, down 28 percent over the same period last year, reported the city Department of Planning and Investment. According to the department, 407.4 million USD was poured into 719 newly-licenced projects, while 283.8 million USD was added into 163 underway projects, and 2.56 billion USD was invested in 2,911 share trading deals. Trade was the leading sector in FDI attraction with more than 751 million USD, accounting for more than 23 percent of the total. It was followed by property sector with 726.8 million USD, and science-technology with 685.5 million USD. The department revealed that in the future, the city will prioritise three areas to call for investment: smart city, highly interactive and innovative urban area to the East HCM City, and regional and international financial centre construction./. … [Read more...] about HCM City lures 3.25 billion USD in FDI in nine months