Authorities to oversee prices of social homes
HCMC – The Ministry of Construction would inspect the real estate sector, particularly social housing projects that are offered at higher prices than normal, said the ministry at its quarterly press conference on April 24. With many social housing projects advertised to be sold at a price hundreds
Central bank eases control over corporate bond buybacks
HCMC – The State Bank of Vietnam (SBV), the central bank, is providing much-needed support for the illiquid corporate bond market by making it easier for local banks and branches of foreign banks to buy back corporate bonds. On April 23, the SBV issued Circular 03/2023, suspending Clause 11,
FPT Telecom wants to spend 87 million USD to invest in undersea fiber optic cable
FPT Telecom is expected to participate in the ALC undersea cable with a total investment of 87 million USD, of which 30% is equity.
Milk tea on the planes: Vietnamese company recovers strongly after covid
Last year, the company selling airline meals collected nearly 22 billion VND from selling milk tea, of which more than half were sold on airplanes in the last 6 months of the year.
Vietnam, Cuba beef up trade, investment partnership
National Assembly (NA) Chairman Vuong Dinh Hue and Cuban Prime Minister Manuel Marrero Cruz attended a Vietnam-Cuba business forum in Havana on April 21 (local time), as part of the former's ongoing official visit to the Latin American country.
Vinh Hao-Phan Thiet expy opened to traffic on May 19
HCMC – Mai Son-National Highway 45 and Phan Thiet-Dau Giay expressways will be opened to traffic on April 29 while Vinh Hao-Phan Thiet expressway will be put into service on May 19. On April 24, the Ministry of Transport issued an inauguration ceremony agenda for the eastern North-South Expressway
Retailers advised to seize opportunities in digital technology
Retailers must adapt and change, especially in modern technology, to survive and grow as consumers have more modern tools to choose goods on online as apposed to just brick-to-mortar stores.
Multiple realty firms exit market in Jan-Mar
HCMC – The number of real estate businesses pulling out of the market surged in the first quarter of this year while new market entrants dropped sharply, according to the Ministry of Construction, At a press conference on April 24, Hoang Hai, director of the Housing and Real Estate Market
Shrimp exports plunge in Q1
HCMC – Shrimp exports from January to March fell 37% over the same period in 2022 to US$600 million, showed data from the Vietnam Association of Seafood Exporters and Producers (VASEP). Shrimp exports in March contributed US$265 million to the first-quarter value, 33% lower than the year-ago
Positive outlook ahead for fruit and vegetable exports this year
With a number of export orders worth billions of US$ received during the first months of the year, there remains plenty of room for fruit and vegetable exports this year, according to details given by the Ministry of Agriculture and Rural Development (MARD).
South Korea restores Japan to trade white list amid warming ties
Seoul restores preferential trade status three years after neighbours restricted trade over historical grievances.
Vietnam-Israel FTA Negotiations Complete, Trade Boost Expected
In recent years, the two-way trade between Israel and Vietnam has shown promising growth, and the upcoming Vietnam-Israel Free Trade Agreement (VIFTA) is expected to further enhance it. We take a brief look at the current state of trade between these two countries and the potential benefits of this