Savill Vietnam's spotlight for the second half of 2020 forecast unit prices to benefit further from infrastructure upgrades. Average asking prices have increased 4 per cent per year over the last five years. At the same time, infrastructure development eases living farther out. When complete, the metro and ring roads will see this trend accelerate. The framework for public-private partnerships was simplified in 2020. Political stability and speedier decision-making will see greater spending on key infrastructure projects. The GSO estimates that for every 1 per cent point increase in public investment, GDP will move up 0.06 per cent points. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 24
Why do banks put holds on checks
VIMC strives to become regional brand name
However, the corporation implemented drastic and comprehensive restructuring measures. Those included increasing debt purchase of banks according to market principles, switching debts to contributed capital, paying debts by investments that VIMC is in need of divestment, thoroughly handling bad debts and ineffective assets, saving costs, accepting some businesses to file for bankruptcy, focusing on market development and improving efficiency of trade activities. Thanks to greater efforts, VIMC has made profits totaling more than VND1 trillion from seaport services per year since it was equitized, helping it overcome numerous difficulties in maritime transportation. Seaports have become ‘gold mines’ for partners and investors who want to own VIMC’s stocks by investing in the parent company. … [Read more...] about VIMC strives to become regional brand name
Public guests get first look of Hanoi’s third metro tra
An information screen on the train for the metro line 3 of Hanoi, January 23, 2021. Photo: Pham Tuan / Tuoi Tre Visitors are seen on the train for the metro line 3 of Hanoi, January 23, 2021. Photo: Pham Tuan / Tuoi Tre Visitors are seen doing a photo shoot on the train for the metro line 3 of Hanoi, January 23, 2021. Photo: Pham Tuan / Tuoi Tre Visitors are seen at the S1 terminal of Hanoi, January 23, 2021. Photo: Pham Tuan / Tuoi Tre Like us on Facebook or follow us on Twitter to get the latest news about Vietnam! … [Read more...] about Public guests get first look of Hanoi’s third metro tra
Toyota recall cars distributed in Vietnam over fuel pump defect
Meanwhile, Lexus, the luxury vehicle division of Toyota, are recalling eight models, including RX350/450h, RX350L/450, NX200t/300h, ES350, GS200t, LX570, and LS500/500h for a check and replacement of fuel pumps. … [Read more...] about Toyota recall cars distributed in Vietnam over fuel pump defect
Singaporean scholar impressed by Việt Nam’s successes
The scholar expressed his impression on the number of COVID-19 infections and fatalities in Việt Nam that remained very low in comparison with those in other countries in Southeast Asia and the world, given its population of nearly 100 million. … [Read more...] about Singaporean scholar impressed by Việt Nam’s successes
