Volatile utopian real estate market

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

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

At last week’s AGM, privately-held Nam A Bank signalled its ambition to expand its footprint in the international market by establishing a wholly-owned commercial bank, or to set up a branch in a foreign country. Banks expanding share over borders, illustration photo/ Source: Nam A Bank This is part of the bank’s long-term strategy to diversify revenues, capitalise on other prospective foreign markets, and build a robust banking ecosystem. “This plan is in line with the upward trajectory of other financial institutions in a bid to support Vietnamese businesses in their international trade and investment activities,” said a bank representative. “We haven’t decided the exact location, but our target would be focused on the Asian market first.” Regarding its domestic network, Nam A Bank targets to open at least 20 new branches and transaction offices in various localities, such as Quang Ninh, Nghe An, Dak Nong, Binh Thuan, and Long An provinces. The bank’s AGM also … [Read more...] about Banks expanding share over borders