CONSTRUCTION MINISTRY TO FOCUS ON SOCIAL HOUSING
Deputy Prime Minister Trinh Dinh Dung asked the Ministry of Construction to pay attention to the development of social housing projects and homes for low-income earners while enhancing urban management and creating favourable conditions for construction businesses.
TEXTILES FIRM RACE TO LIST ON THE MARKET
Many textile and garment enterprises have improved operations to prepare themselves for the list on the stock market. Sông Hồng Garment JSC debuted on the Hồ Chí Minh Stock Exchange (HoSE) in late November by listing more than 47.6 million shares with the code MSH.
FDI FIRMS EXPAND IN LOCAL TEXTILE-GARMENT SECTOR
Vietnam had become increasingly appealing to large foreign investor groups in the textile and garment industry who wanted to seize opportunities when the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) takes effect in January next year, according to analysts.
VN LOOKS TO WELCOME 18 MILLION FOREIGN TOURISTS IN 2019
Viet Nam targets to cater for 103 million guests, including 18 million international guests in 2019, said Minister of Culture, Sports, and Tourism Nguyen Ngoc Thien. Minister Thien made the announcement later last week at a conference to review operation of the Viet Nam National Administration of Tourism’s performance in 2018 and sketch out its plans for 2019.
DA NANG GREENLIGHTS $606 MILLION LOGISTICS PLAN
The central city of Da Nang has approved a master plan for the development of its logistics infrastructure by 2030 with total investment of VND13.7 trillion (US$606 million).
MORE BANKS PERMITTED TO EXPAND CREDIT GROWTH
The State Bank of Việt Nam (SBV) recently decided to allow more commercial banks to expand their credit growth limits in 2018. The credit quota for Military Bank (MB) has been lifted from 15 per cent allocated at the beginning of the year to its new level of 17 per cent, the Bản Việt Securities Company reported.
OVERSUPPLY OF HIGH-END REAL ESTATE
In the first 10 months of 2018, the real estate market in the whole country showed signs of decrease both in supply and volume of transactions. Especially, the sign of reduction was very clear in the two big cities of Hanoi and Ho Chi Minh City, said the Ho Chi Minh City Real Estate Association (HoREA) in its latest report.
START-UPS EMBRACE LOGISTICS SECTOR
The logistics sector has been the bottleneck for Việt Nam’s economic development, but offers plentiful opportunities for local startup companies with the application of technologies.
