Secretary for Financial Services and the Treasury, Christopher Hui and Chairman of the Newly Established Hong Kong Academy for Wealth Legacy, billionaire entrepreneur Adrian Cheng, share their views. Newly formed academy sits under the Financial Services Development Council (FSDC), sweetens deal and further strengthens Hong Kong‘s competitiveness as a leading …
Read More »Sluggish home demand recorded in HCMC
Only 143 apartments and houses were sold on the primary market in Ho Chi Minh City in May, a 98% plunge year-on-year, as demand for property continues to be sluggish. A total 138 apartments were sold directly from the developers last month in HCMC and the neighboring province of Binh …
Read More »Industrial property market slumps on economic woes
Signs of declining foreign direct investment and dwindling manufacturing activity are slowing down the industrial property market. In the first quarter the industrial property occupancy rate in the south declined by 8 percentage points year-on-year, according to real estate consultancy Cushman & Wakefield. The rates declined by 11 and 9 …
Read More »State budget revenue nears $33B in five months
State budget collection in the January-May period was estimated at over VND769.6 trillion (US$32.75 billion), equivalent to 47.5% of the estimates for the whole year, the Ministry of Finance reported on Thursday. According to the ministry, although the domestic revenue in the reviewed period was quite good compared to the …
Read More »Pepper exports increase 30%
Vietnam exported nearly 131,777 tonnes of pepper worth US$408.9 million in the first five months of this year, up 30% in volume but down 12.7% in value over the same period last year, according to the Vietnam Pepper Association. Of the figures, black pepper was 119,832 tonnes and white pepper, …
Read More »VN-Index closes week in the green
Vietnam’s benchmark VN-Index rose 0.56% to 1107.53 points Friday, closing the week with four out of five sessions in the green. The index closed 6.21 points higher after losing 8.22 points on Thursday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 30% to VND16.53 trillion ($703.93 million). …
Read More »Enhancing competitiveness vital for VN to climb up global value chain
Production at Samsung Electronics Việt Nam in Yên Phong Industrial Zone, Bắc Ninh Province. The opportunity to increase the competitive advantage in attracting investment in general, and FDI in particular, lies in enhancing national competitive capabilities. — VNA/VNS Photo Thanh Thương HÀ NỘI — Enhancing national competitiveness and capacity of …
Read More »PowerCred prepares for Southeast Asia expansion with Google Cloud and Searce
Through collaborations with Searce and Google Cloud, PowerCred achieved significant savings, ISO 27001 and Kominfo certifications, and enabled stronger security within six months SINGAPORE – Media OutReach Newswire – 6 December 2023 – PowerCred, a one-stop API suite solving complex lending and underwriting issues by helping lenders build a comprehensive …
Read More »Việt Nam among 10 biggest construction ceramic producing countries
Việt Nam among 10 biggest construction ceramic producing countries. — VNA/VNS Photo HÀ NỘI — Việt Nam is among the 10 biggest producers of construction ceramics and has the fourth largest ceramic tile output, according to Deputy Minister of Construction Nguyễn Văn Sinh. The ceramic industry contributes more than US$3 …
Read More »EU extends safeguard measures on steel from Vietnam
The European Union has extended its safeguard measures on steel imports from a number of countries, including Vietnam, for another 12 months until the end of June 2024. Eight steel products from Vietnam, including “stainless cold rolled sheets and strips” and “hot rolled sheets and strips,” will continue to be …
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