Property developer Tan Hoang Minh Group, whose bond issuances worth VND10 trillion (US$437 million) authorities have canceled, said it would sell apartment projects to raise funds to refund investors. “We are selling them to refund investors as soon as possible,” Do Hoang Minh, acting chairman and CEO of the group, …
Read More »New incentives on taxes and land rental fee expected to take effect in April
A signboard of Phố Nối A Industrial Park in the northern province of Hưng Yên. The Ministry of Finance has proposed a six-month extension for the payment of fees for leasing land and water surface for businesses in 2022, starting from May 31. Photo baodautu.vn HÀ NỘI — Two decrees on …
Read More »Police request localities to suspend Trịnh Văn Quyết’s assets
Police search FLC Group headquarters. VNA/VnExpress News Photo HÀ NỘI — The Investigation Police Agency has sent a written request to several localities to suspend the transfer, purchase and sale of assets and shares under the ownership of former FLC Chairman Trịnh Văn Quyết and related persons. The move aimed to serve …
Read More »Hanoi to open second night-time food zone
Authorities in Hanoi plan to launch its second food zone in Ba Dinh District in the fourth quarter of this year to boost its night-time economy. Ba Dinh District People’s Committee stated the entire Dao Ngoc-Ngu Xa area covering seven streets in Truc Bach Ward would be closed off from …
Read More »Authorities freeze FLC ex-chairman’s asset
The Ministry of Public Security has ordered localities to suspend all trading activities concerning FLC ex-chairman Trinh Van Quyet’s real estate and shares after arresting him for alleged stock manipulation. All details concerning assets held by him and his two sisters Trinh Thi Thuy and Trinh Thi Minh Hue, who …
Read More »Capital mobilisation through corporate bonds may decrease sharply
FiinRatings data shows that the size of bond credit is currently at VNĐ273.9 trillion (US$12 billion) at the end of 2021. VNA/VnExpress News Photo HÀ NỘI The scale of capital mobilisation through corporate bonds is forecast to decrease sharply, but there will be a drastic change in quality, according to …
Read More »VN-Index dips as trading value hits nine-week low
Vietnam’s benchmark VN-Index dropped 0.34 percent to 1,472.12 points Thursday with trading value plunging to the lowest since February 7. The index stayed in the green throughout the morning but it started to fall during the afternoon, closing 5.08 points lower. Trading value on the Ho Chi Minh Stock Exchange …
Read More »Central economic zone poised to become high-class tourist, entertainment center
The government has set a target of turning Van Phong Economic Zone in the central coastal Khanh Hoa Province into a luxury tourism and entertainment hub with unique products. Under adjustments made to a general construction plan (with vision towards 2040) for the economic zone signed by Deputy Prime Minister …
Read More »Cryptocurrency Coin98 to be listed in world’s second biggest exchange
Coin98 is set to become the second Vietnam blockchain app after Axie Infinity to have its cryptocurrency listed on Coinbase, one of the world’s largest cryptocurrency exchanges. The U.S.-based Coinbase, the second biggest exchange after Binance, said in a recent blog that the Coin98 token (C98) is one of the …
Read More »HCM City leaders work with leading Asian corporations, calls for investment to rebuild economy post COVID-19
Chairman of the city People’s Committee, Phan Văn Mãi (fourth from right) meets with leaders of some leading Asian corporations in HCM CIty on April 13. — VnExpress News Photo HCM CITY — HCM City leaders and officials have held a meeting with some leading Asian corporations to discuss …
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