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.
Policy space for forex control
With pressure on the local currency still lingering, while resources and vehicles required to stabilize the forex rate are being exhausted, a big question arises over whether the monetary regulator still wields any policy space for forex control in the coming time Increasing pressure Since October
HSBC supports Vietnam for sustainability goals
HCMC – HSBC Vietnam and the Ministry of Natural Resources and Environment have signed a memorandum of understanding (MOU) to collaborate on the Environment, Social and Governance (ESG) agenda. Under the MOU signed on the sidelines of the ongoing 27th United Nations Climate Change Conference of the
Banks offer high rates to attract demand savings
HCMC – With the ratio of current account, savings account (CASA) having dropped sharply in the last nine months, many banks have raised interest rates for demand savings and deposits to attract more cash since the State Bank of Vietnam (SBV) recently hiked key interest rates. The CASA ratio is
Transport Ministry moots shortening toll collection period for Highway 51
HCMC – After 15 rounds of negotiations, the Department for Roads of Vietnam under the Ministry of Transport and the investor have yet to agree on when to stop toll collection on National Highway 51. Under the project agreement, the estimated toll collection period would last 20 years and six
HCMC businesses to recruit 43,000 workers in run-up to Tet
HCMC – The demand for new employees in HCMC is estimated to reach 43,000 in the last two months of this year, said Nguyen Van Lam, deputy director of the HCMC Labor, Invalids and Social Affairs Department. Job vacancies are mainly in the commerce-service and consumer goods fields, textile,
Vietravel Airlines launches its first int’l air service
HCMC – Local carrier Vietravel Airlines began offering tickets for regular international flights on its first international route linking Hanoi/HCMC with Thailand’s Bangkok from 11 a.m. today, November 11. The flights operated by the carrier on the Hanoi/HCMC-Bangkok route are scheduled to take
Corporate bond issues grind to a halt
HCMC – Corporate bond issues have virtually ground to a halt, with a zero-issue streak stretching from October to November 4, the Vietnam Bond Market Association (VBMA) said, citing data from the Hanoi Stock Exchange and the State Securities Commission. Bonds offered to the public have plunged
Gov’t approves investment in Tan Phu-Bao Loc expy project
HCMC – Deputy Prime Minister Le Van Thanh has approved a plan to develop the Tan Phu-Bao Loc expressway project under the public-private partnership format, the provincial government of Lam Dong announced yesterday, November 10. The 66-kilometer-long expressway will link Tan Phu District in Dong
HSBC helps Masan Group access US$600-million loan facility
HCMC – HSBC Vietnam has worked with several other banks to provide Masan Group Corporation, or Masan, and the Sherpa Company Limited, a subsidiary of Masan, with a US$600-million syndicated term loan to facilitate their investment. The loan aims to support Masan’s strategic long-term objectives
Fuel firms continue grappling with import woes
HCMC – A tight oil supply caused by Western sanctions against Russian exports and a surging demand for oil products of the EU have been blamed for Vietnam’s ongoing fuel shortages. The Vietnam Petroleum Association said it is increasingly difficult to import fuels, worsening gasoline shortages in
HCMC awaits green light for Can Gio transshipment port project
HCMC – A proposal to include the Can Gio international transshipment port project in the detailed planning for Group-4 seaports has been submitted many times, but there is still no response from the Transport Ministry, said a representative of the Saigon Port Joint Stock Company. The Saigon Port
