Business News

The index of industrial production (IIP) in April was estimated to increase by 3.6 per cent on month and by 0.5 per cent over the same period last year, according to the General Statistics Office (GSO).

In the provincial planning 2021-2030, Hau Giang aims to be an industrial production and logistics centre. On April 27, the meeting on appraising the planning of Hau Giang province 2021-2030 took place under the chair of Deputy Minister of planning and Investment Tran Quoc Phuong, vice chairman of the provincial planning appraisal council.

On April 27, the meeting on appraising the planning of Hau Giang province 2021-2030 took place under the chair of Deputy Minister of planning and Investment Tran Quoc Phuong, vice chairman of the provincial planning appraisal council.

Many property developers are planning asset and stock sales as they look to slash debts, restructure business and stay afloat, which is expected to lead to a surge in M&A deals in the market. The real estate’s present worst period will offer an opportunity for Khai Hoan Land Group JSC to embarked on big M&A deals, its General Director Dinh Thi Nhat Hanh said.

This was expressed by Prof. Ngo Tri Long, leader of the Ministry of Finance's Price Research Institute, during a seminar on the revitalisation and sound development of capital for the domestic real estate sector. The event, held on April 19, was organised by the Vietnam Financial Consulting Association (VFCA).

The ministry also proposed the abolishment of regulations on a fixed term of apartment ownership in the draft law, and the supplementation of regulations related to the term of use and the demolition of old apartment buildings.

The real estate market is still in a downturn, facing difficulties with legal and capital bottlenecks, low liquidity, high inflation, high interest rates, and high prices. According to a Q1 report by the Vietnam Association of Realtors, market liquidity in the first quarter of 2023 declined sharply compared to the first half of 2022 when the absorption rate was only about 11 per cent.

Binh Dinh province defines that developing industrial zones and economic zones is one of the new engines of growth and development. In order to attract investment capital and develop economic zones and industrial zones, the province has created many competitive advantages thanks to the open investment environment, simple and streamlined administrative procedures.