Housing finance
Vietnam’s depressed property market has led to calls for government intervention in credit markets to help overextended property developers and to stimulate demand for housing. Lessons from international experience suggest that there is scope for government action to improve the operation of the
Tasting fish noodle soup of Quy Nhon
Visitors to Quy Nhon should try the fish noodle soup, a specialty that has contributed to the culinary culture of this coastal city. As a coastal city, Quy Nhon always has an abundant source of fish. Quy Nhon fish noodle is special as it is processed right from fresh fish caught from the sea. The
Hindrances to FDI inflows
Vietnam is among the destinations receiving huge investment shifts from China and has taken the lead in the race for FDI capital against potential competitors such as China, Indonesia, India, and Mexico. However, the country still finds it difficult to attract FDI due to international political
Proposed time limit for apartment ownership gets thumbs down
HCMC – The National Assembly Standing Committee has not thrown its weight behind the time limit of apartment ownership as proposed in the draft of the revised Housing Law. Earlier, the Government proposed apartment ownership be terminated when it expires or when authorities order apartment
Vietnam remains promising market for Queensland meat exports
HCMC – Vietnam has imported over 37,000 tons of beef from Australia since 2020, with the northeastern state of Queensland being a key supplier, according to the Trade and Investment Queensland-Vietnam (TIQ Vietnam) Office. “The volume of Australian beef imported into Vietnam over the years
Auto importers in Vietnam seek 50% cut in registration fee
HCMC – The Vehicle Importers Vietnam Association (VIVA) has submitted a request to the Government seeking approval for a 50% reduction in registration fees for imported automobiles, matching the fee structure proposed for locally-made cars. VIVA, which has 12 members, made the above proposal in
Bamboo Airways begins selling Hanoi-Ca Mau flight tickets
HCMC – Local carrier Bamboo Airways today, March 17, began selling tickets for the air service connecting Hanoi City and Ca Mau Province in the Mekong Delta. Round-trip flights will be available on Tuesdays, Thursdays and Saturdays, starting April 29. One-way tickets start from around VND769,000.
Steel output and consumption dive in Jan-Feb
HCMC – Though the economic outlook in January and February has brightened, steel production, domestic consumption and exports plunged, according to the Vietnam Steel Association (VSA). In the first two months of 2023, the output of finished steel products fell 16.3% year-on-year to nearly 4.3
Real estate developer Novaland names new director
HCMC – Dennis Ng Teck Yow has been appointed general director of local property firm Novaland, succeeding Nguyen Ngoc Huyen today, March 17. Yow earned a Master of Business Administration in banking and finance from the University of Hull in the United Kingdom. He previously worked as general
DataStax partners with FIMO to empower Vietnam’s smart city expertise
HCMC – DataStax, the real-time data company, has signed a memorandum of understanding (MoU) with FIMO, a research center in smart city solutions, to improve Vietnam’s information and communications technology (ICT) workforce on March 16. FIMO aims to harness DataStax’s solutions, including the
Greenization gains ground in business employment
HCMC – Half of the green job demand since 2022 has come from the manufacturing sector, followed by the energy, agriculture and technology industries, according to employment solutions firm ManpowerGroup Vietnam. Cutting back on sustainability spending could make a business less appealing to the
FDI sector’s foreign trade down in Jan-Feb
HCMC – Sharp drops in new orders led the foreign direct investment (FDI) companies achieving only US$68.2 billion in import and export value in the first two months of this year, falling by US$9.15 billion against the same period last year. Recent data of the General Department of Vietnam Customs