Business News

Deputy Prime Minister Vuong Dinh Hue last week arranged a phone call with US Treasury Secretary Steven Mnuchin to discuss a number of bilateral topics. High on the list was Vietnam’s currency and foreign exchange policy, which recently came into the spotlight as Vietnam ran the risk of being labelled as a “currency manipulator” by the US Treasury.

Vietnam’s new policies on industrial property such as industrial restructuring strategy, new legal frameworks for management of industrial zones and economic zones, have also opened many opportunities for industrial zone development across the country, thus facilitating businesses and investors to invest in this market.

As a Supporter of the LIN Annual Cross-Sector Conference 2019, (insert your name) is delighted to see such a fantastic line-up of representatives from organizations, companies, government and civil society that will talk partnerships, impact and sustainability with themes from leadership; CSR; Sustainable Development Goals (SDGs); supply chain; strategic philanthropy; community engagement; reporting and communications and more.

According to the municipal Department of Planning and Investment, the British Virgin Islands was the largest investor by pouring 71.59 million USD into the sector, accounting for 43.5 percent of realty investment. The Republic of Korea came second with 19.5 percent, followed by Japan (10 percent), Singapore (5.7 percent) and China’s Hong Kong (3.4 percent).

Hongkong Land announced the appointment of Coteccons as the main contractor for its latest luxury residential development, The Marq. “The Marq continues to represent our trademark quality being implemented in the Vietnamese property market,” said Robert Wong, chief executive of Hongkong Land.

Alpha King and CBRE Vietnam on May 10 signed a contract under which the latter will provide one-stop asset management services exclusively tailored for phase two of Alpha Hill Tower B, one of Alpha King Real Estate JSC’s establishment located in District 1, Ho Chi Minh City.

The Ministry of Construction has proposed reforming administrative procedures to create favourable conditions for the development of low-cost, compact social and commercial housing. This is one of the solutions suggested in the ministry’s latest report, submitted to the National Assembly ahead of its May session starting on May 20.

In the morning on May 2, at the session about tourism in the Vietnam Private Sector Economic Forum 2019, travel enterprises and functional authorities have discussed the barriers to development to attract 17-20 million international visitors by 2020. During the discussion, visa emerged as one of the major roadblocks to private sector representatives.