HCM CITY TO COMBAT LAUNDERING IN REAL ESTATE
They were also told to send reports on suspicious transactions and reports on cash transactions worth VND300 million (US$12,800) or more to the Department of Housing and Real Estate Market Management under the Ministry of Construction and the State Bank of Viet Nam's Anti-Money Laundering Department.
EXPORT EARNINGS FROM COMPUTERS AND ELECTRONICS OUTPACE APPAREL INDUSTRY
As an indication of Vietnam’s entering the ranks of countries with more industrialized economies, Vietnam’s export earnings from computers, electronic products and their spare parts are now ranked second in revenues, with traditional textiles and garments falling behind to third place.
NEWEST AIRLINE TO TAKE FLIGHTS FROM JULY 2020
Thang told Vietnam News Agency’s reporter on August 21 that under the CAAV’s document on the establishment of Vinpearl Air submitted to the Ministry of Transport, the 202.6-million-USD airline will increase the number of its aircraft to 36 by 2025, adding six to its fleet each year.
FOREIGN FUNDS PUMPED INTO VIETNAM LOGISTICS MARKET
In July, Vietnam Maritime Corporation (VIMC) signed a joint venture contract with its Japanese partner, Suzue, on shipping and logistics business. Sumitomo Corporation recently cooperated with Suzuyo and a Japanese public-private investment fund to spend nearly US$40 million buying a 10% stake of Gemadept Corporation of Vietnam.
BALANCING BENEFITS BETWEEN EMPLOYEES AND EMPLOYERS
Numerous opinions on the draft Labor Code from specialists, businesses and associations have been collected by the Vietnam Chamber of Commerce and Industry (VCCI) to submit to the Government.
REAL ESTATE MARKET: POSSIBLE RISK OF BUBBLE BURST?
According to market performance data released by the Association of Vietnam Realtors, the first quarter of 2019 witnessed 14,047 successful property deals in Hanoi, Ho Chi Minh City and some localities (like Da Nang, Khanh Hoa and Quang Nam), of which apartments and low-rise buildings accounted for 94%.
JLL VIETNAM: INVESTORS LOOK FOR M&A PROPERTY IN VIETNAM
Investors are looking for industrial and logistics assets through joint ventures with local industrial developers and/or acquisition of land and operating real estate, Jones LaSalle Vietnam Co Ltd (JLL Vietnam) said in a statement.
REAL ESTATE M&A ATTRACTIVE TO INVESTORS
The company further said mergers and acquisitions (M & A) in real estate is a bright spot in the market. The shortage of high-tech assets, modern warehouses and strong demand from businesses are promoting the potential of domestic industrial realty market.
