The population is aging
By the end of this April, Vietnam’s population has reached 100 million, according to the United Nations Population Fund (UNFPA). What are advantages and challenges? Recent statistics showed that Vietnam has the 15th largest population in the world. On March 17, UNFPA said that Vietnam would soon
The May fear factor
Data in the past showed that the market performance in May was not always the worst. In recent years, the “selloff in May” phenomenon seems no longer a significant concern. So, is the fear of May exaggerated? The past was not too bad After a rise of 3.7% in March, the VN-Index reversed course and
NA Standing Committee turns down blanket VAT cut
HCMC – The Government’s proposal for lowering the value added tax (VAT) from 10% to 8% has been endorsed to go before the National Assembly (NA) at its next sitting, but the NA Standing Committee has declined a blanket tax reduction for all goods and services. If the NA issues a new resolution
Two more expressways to be opened to traffic next week
HCMC – Two more expressways as part of the big-ticket North-South Expressway project will be opened to traffic on May 19, according to the Ministry of Transport. Nha Trang-Cam Lam expressway has a total length of over 49 kilometers in the central coastal province of Khanh Hoa, and requires a total
HCMC-Chon Thanh expressway proposed
HCMC – A construction plan for the HCMC-Chon Thanh expressway project has recently been proposed by Binh Duong Province, one of the two southern provinces through which the road passes. As planned, the expressway project will have three sections, with one in HCMC (two kilometers), one in Binh
Indonesia emerges as third largest buyer of Vietnamese rice
HCMC – Vietnam’s rice exports to Indonesia rocketed in the first four months of the year, according to data from the General Department of Vietnam Customs. Customs data showed that Vietnam shipped US$149 million worth of rice to Indonesia in the period, well above the US$58 million recorded in the
Heavy debt eats into wind energy companies’ profits
HCMC – High financial leverage and negative cash flow are weighing on wind power firms, making their debt five- or six-fold higher than equity. Trung Nam Dak Lak 1 Wind Power JSC, which owns the largest wind power plants in the country with a designed capacity of 400 MW, incurred a loss of VND860
Apple to open first online shop in Vietnam next week
HCMC – U.S. technology giant Apple Inc will open an online store, the first of its kind, in Vietnam, on May 18 to boost sales growth in emerging markets amid slowing sales in China. The Apple Store will offer the full line of hardware, accessories and services, especially shipping and personalized
Tenders invited for roads to Long Thanh airport project
HCMC – The Airports Corporation of Vietnam (ACV) is inviting tenders for a VND2,800-billion bidding package to construct two roads leading to Long Thanh International Airport. Package 6.12 includes building and preparing designs for roads No. 1 and No. 2, and has an execution duration of 900 days.
Central bank drains VND39 trillion from market this week
HCMC – Vietnam’s central bank net withdrew nearly VND39 trillion from the market and slashed interbank interest rates further as the banking system saw surplus liquidity due to slow credit growth. The State Bank of Vietnam (SBV) sold seven-day and 28-day government bonds worth a combined VND20
A list of cheap apartments under 1 billion VND/apartment in Hanoi
Cheap apartments in Hanoi under 1 billion VND will certainly be the choice of many middle-income and do not have savings households.
Stocks forming a short-term uptrend with strong liquidity
VN-Index continued to increase to approach the resistance level of 1,060 points with the highest liquidity in more than two weeks of the stock market, showing that investor sentiment is improving when the selling pressure of the block outside has cooled down significantly.