Dang Hung Vo, former Deputy Minister of Natural Resources and the Environment, acknowledged that the trend of investing in real estate projects in satellite cities and provinces is a given. “Once inner-city land funds become unavailable, it is inevitable that real estate developers move to the surrounding areas. As for end-users, when infrastructure develops and roads are convenient, living in neighbouring urban areas is a very good choice,” Vo said. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 24
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VIMC strives to become regional brand name
Since the beginning of 2020, the Covid-19 pandemic has had a considerable impact on the maritime market, freezing global trade and travel and leading to sharp decreases in shipping revenues. In this context, VIMC’s development plan focuses on three fields - seaport operations, shipping and logistics services. The corporation aims to reach shipping volume of over 18 million tonnes, cargo volume at seaports at nearly 139 million tonnes, revenue of VND10.771 trillion, and consolidated profit of over VND1.23 trillion. … [Read more...] about VIMC strives to become regional brand name
Ninh Binh proposes construction of local airport within 10 years
According to the draft master plan on the development of the national airport network to 2030 with a vision to 2050, the Civil Aviation Administration of Vietnam has proposed to have 26 airports by 2030, 14 of which will be international airports. The number could reach 30 by 2050. … [Read more...] about Ninh Binh proposes construction of local airport within 10 years
Experts warn of correction in trading this week
Oil and gas group also suffered, such as Vietnam National Petroleum Group (PLX), down 3 per cent, Binh Son Refining and Petrochemical (BSR) falling 5.6 per cent, PetroVietnam Oil Corporation (OIL), dropping 6.3 per cent, PetroVietnam Drilling & Well Service Corporation (PVD), losing 6.6 per cent, PetroVietnam Technical Services Corporation (PVS), down 7.9 per cent, PetroVietnam Construction Corporation (PVC), down 9.6 per cent, PetroVietnam Coating Corporation (PVB), declining 10.4 per cent. … [Read more...] about Experts warn of correction in trading this week