The cancellation rate in localities is expected to be more than 90 per cent by the end of the month. Major tourist hotpots in the country have confirmed that the cancellation rate of tourist bookings has reached more than 80 per cent. … [Read more...] about Tourism sector takes steps to recover market amid new COVID-19 outbreak
Where is retail market
Shares gain on large-caps
Notable gainers included insurer Bao Viet Holdings (BVH), FPT Corporation (FPT), PetroVietnam Gas JSC (GAS), Masan Group (MSN), steel maker Hoa Phat Group (HPG), Vingroup (VIC) and Mobile World Group (MWG). … [Read more...] about Shares gain on large-caps
Many companies largely rely on joint ventures
An automobile assembly line at Ford Vietnam Co's factory in northern Hai Duong Province. Ford Vietnam is a joint venture between Ford Motor Group based in Michigan, US (75 per cent) and Song Cong Diesel Company (25 per cent), a subsidiary of the Viet Nam Engine and Agricultural Machinery Corporation (VEAM). — VNA/VNS Photo Tran Viet … [Read more...] about Many companies largely rely on joint ventures
HCM City puts solutions in place to implement EVFTA
Over the past three decades, the EU, excluding the UK, has been behind 909 licensed and certified projects throughout Ho Chi Minh City, totaling capital of US$3.17 billion. Most notably during the first half of the year, 54 European projects received newly-granted investment certificates, whilst the first seven months of the year saw the southern city’s export turnover stand at an estimated US$2.7 billion with import turnover at US$1.5 billion. … [Read more...] about HCM City puts solutions in place to implement EVFTA
Housing sector targets this year’s growth of beyond 8%
The ministry will closely monitor the country’s real estate market and provide regular updates on the market and work hand in hand with the Ministry of Finance to fine-tune real estate-related financial and tax policies. It will also partner with the State Bank of Vietnam to tighten stricter controls on credit services. It plans to join hands with relevant ministries and agencies to deal with challenges in State budget allocation for the key housing programmes. The Ministry will work more on stabilizing prices of construction materials and fuel the development and production cutting-edge building materials that help reduce costs of construction. This year, a score of proper measures will be taken to spur the development of the affordable housing in urban areas and low-cost housing for workers at industrial parks and undertake affordable housing projects. … [Read more...] about Housing sector targets this year’s growth of beyond 8%
