National Assembly approves adding birthplace info to new passports
HCMC – The National Assembly, the legislature of Vietnam, today, November 15, adopted a resolution that allows the addition of the place of birth (POB) field to new Vietnamese passports. In early July this year, the immigration department of the Ministry of Public Security began issuing brand-new
Steel industry woes may last until mid-2023
HCMC – Steel output and consumption have plunged in recent months, and the situation is predicted to linger until the second quarter of next year. The Vietnam Steel Association said in its latest report that output of finished steel products in October had slid 16.38% month-on-month and 28.7%
G20 Summit starts, discusses how to recover together
BALI – In his opening remarks at the Group of 20 (G20) major economies summit on Tuesday morning, November 15, on the tourist island of Bali, Indonesia, Indonesian President Joko Widodo said people are responsible for collaborating to save the world and mend the global economy. “We have no option.
Can Tho plans to import sand for expressway project
HCMC – The Mekong Delta province of Can Tho plans to import sand from Cambodia due to an inadequate supply of the material for the Chau Doc–Can Tho–Soc Trang expressway project. Last weekend, Deputy Minister of Construction Le Quang Hung worked with the provincial governments of Can Tho and Hau
High logistics costs erode competitiveness of Vietnam businesses
HCMC – High logistics costs have made the Vietnamese economy less competitive. According to Le Quang Trung, vice chairman of the Vietnam Logistics Business Association, import-export businesses are grappling with increasingly high logistics and transport costs. The cargo shipping time has
New Zealand PM meets top Vietnam leaders
HCMC – Prime Minister of New Zealand Jacinda Ardern yesterday, November 14, met with three top Vietnamese leaders after her talks with her Vietnamese counterpart Pham Minh Chinh, the local media reported. At a meeting in Hanoi with Ardern, Party General Secretary Nguyen Phu Trong highlighted
Vietnam rice prices gain top spot on global markets
HCMC – The export price of Vietnamese rice stands at the highest spot on global markets, some US$20-50 per ton higher than the rice prices of Thailand and India. In October, Vietnam’s 5% broken rice sold for US$425-430 per ton on average on global markets, the highest since last November,
F88 secures US$60 million loan
HCMC – Personal financial service provider F88 has secured a loan worth US$60 million, or nearly VND1.5 trillion, from two international financial organizations. Of the total, US$50 million is borrowed from CLSA Capital Partners via Lending Ark Asia Secured Private Debt Funds, and the balance from
German Chancellor meets Party General Secretary, holds talks with Vietnam PM
HCMC – German Chancellor Olaf Scholz today, November 13, met General Secretary of the Communist Party of Vietnam Nguyen Phu Trong and held talks with his Vietnamese counterpart Pham Minh Chinh, reported the local media. Party General Secretary Trong said he appreciated the outcomes of talks
Corporate investors take a blow
Non-core investment is never easy, especially in stocks. If one is not prudent enough to take profit and pull out of the market before it slumps, individual and institutional investors with a powerful analytical team can taste the bitter fruits. The blow As per the financial statement of SAM
The situation is now different
The State Bank of Vietnam’s (SBV) recent decisions to hike key interest rates, widen the trading band of the Vietnamese dong, and actively engage in open market operations have significantly contributed to ensuring macroeconomic stability and easing inflationary pressure The effectiveness of
Is it time for REITs?
Real Estate Investment Trusts (REIT) were established in Vietnam’s assets legal system in 2012. However, questions remain behind their unpopularity among investors in the domestic market. Real estate investment has recently stalled as credit growth limits have reduced banks’ loan access.
