Business News

Investors of housing projects that lag behind schedule will be fined VND400-600 million each, according to the Government’s newly-issued regulations. The Government has issued Decree 16/2022/ND-CP on administrative sanctions against violations in the real estate sector.

Economic and industrial parks nationwide drew 539 foreign-invested and 615 domestic projects with a total registered capital of 12.8 billion USD last year despite COVID-19 pandemic, up 15 percent annually, reported the Ministry of Planning and Investment (MoPI).

In 2021, despite being affected by the COVID-19 epidemic, all three areas of agro-forestry and fisheries, industry and construction, and services posted higher growth rates compared to 2020.

In 2021, despite being affected by the COVID-19 epidemic, all three areas of agro-forestry and fisheries, industry and construction, and services posted higher growth rates compared to 2020.

The northern province of Vinh Phuc reaped more success in attracting foreign investment inflows in 2021 thanks to the synchronous implementation of solutions to hold direct dialogues and accompany investors and businesses to ease their difficulties.

In the third quarter of 2021, the Ho Chi Minh City condo market witnessed a sharp drop in both new launches (down 70.0 per cent on-year) to 1,600 units and sales volume (down 68.4 per cent on-year) to 1,582 units, a five-year low.

In spite of the prolonged pandemic, Dong Nai has lured nearly $1.1 billion in foreign direct investment (FDI) capital in the first 11 months of 2021.

The Vinh Phuc Industrial Parks’ Authority licensed 34 investment projects capitalized at US$928.99 million and allowed 21 domestic and foreign investment projects to increase their investment by VND5,015.41 billion (US$210 million) in the first nine months of 2021.