Chairman of Bình Dương People’s Committee Võ Văn Minh (left) handed over an investment licence to the representative of LEGO Group, which will develop a $1.32 billion manufacturing plant in the province.— VNA/VnExpress News Photo Chí Tưởng HÀ NỘI — Disbursement of foreign direct investment to Việt Nam rose by 7.8 per cent …
Read More »With tourism hit, condotel buyers find themselves in hot water
Condotel buyers are struggling since Covid-19 has meant there is little demand to rent or buy their property while they still have to pay interest on bank loans. Thuy of Ho Chi Minh City bought a condotel in the central coastal town of Cam Ranh (Khanh Hoa province) for VND1.6 …
Read More »FLC Group loans are lawful, safe: Sacombank
Sacombank’s head office in HCM City’s District 3. FLC Group loans at Sacombank are legally compliant and safe. — Photo courtesy of the bank HCM CITY — Its loans to FLC Group Joint Stock Company are legally compliant and safe, Sacombank has said. The announcement follows the arrest of …
Read More »‘Geological museum’ in An Giang attracts attention
Tuc Dup Hill in southern An Giang Province is a well-known tourist attraction due to its historical significance and natural beauty. Tri Ton – Tinh Bien in An Giang Province is an ancient area with beautiful scenery and abundant natural resources. Tuc Dup Hill, in particular, has been compared to …
Read More »Shares tumble under sell-offs, FLC group locked in the floor
Investors at Bảo Việt Securities Co’s brokerage house in Hà Nội. The VN-Index edged down 0.48 per cent to close yesterday at 1,490.51 points. — VNA/VnExpress News Photo Trần Việt HÀ NỘI — Shares tumbled on Wednesday on both national stock exchanges, driven by massive selling in the afternoon …
Read More »VN-Index slips near 1,500 points
Vietnam’s benchmark VN-Index slipped 0.48 percent to 1,490.51 points Wednesday, struggling to return to the 1,500 range as negative market news keep investors alert. The index stayed in the green most of the morning but started to dip before the lunch break and closed over seven points lower after rising …
Read More »Stock watchdog tells investors to ‘stay calm’ after FLC chairman arrest
Vietnam’s stock watchdog State Securities Commission of Vietnam (SSC) has advised investors to “stay calm” after the chairman of real estate developer FLC was arrested for market manipulation. “The State Securities Commission of Vietnam advises investors to stay calm and analyze all macro factors and actual operation of businesses to …
Read More »PRO Vietnam to collect, recycle 3,000 tons of waste
PRO Vietnam’s vision is that all product packaging produced and distributed in Vietnam by its members will be recycled and restored by 2030. Packaging and recycling organization PRO Vietnam recently hosted its 2022 annual member meeting in Ho Chi Minh City to conclude former activities and map out future plans. …
Read More »Land-related procedures a burden: property companies
Land administrative procedures are burdening property developers and stalling projects, industry insiders complain. A real estate project requires 36 approvals from government agencies, and could sometimes go up to 120, Nguyen Quoc Hiep, chairman of GP Invest, said at a forum held Monday to discuss the changes required to real …
Read More »VinFast to build first EV factory in North America
President Biden revealed the news in a tweet from his official White House Twitter account. HÀ NỘI — US President Joe Biden yesterday announced Vietnamese automaker VinFast will build a multi-billion dollar plant in North Carolina, creating thousands of jobs. A memorandum of understanding (MoU) has been signed on the …
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