PROPERTY MARKET: CAUTIOUS INVESTORS
In the first two months of 2017, the Vietnamese real estate market has not experienced major changes. It even witnessed a slight decline in deals from late 2016. The market development has fuelled investors with anxiety because many specialists have warned against potential hardships in 2017.
FDI IN REAL ESTATE EXPECTS BREAKTHROUGHS
According to statistics of the Foreign Investment Agency (FIA), Ministry of Planning and Investment of Vietnam, in January 2017, the country attracted US$1.4 billion of foreign direct investment (FDI), of which the real estate industry attracted US$297 million (21.2 per cent of the total FDI), ranking 2nd only to the processing and manufacturing industry.
BINH DUONG NEEDS 22,700 LABOURERS IN EARLY 2017
Enterprises in Bình Dương’s southern industrial hub are seeking 22,700 workers to participate in a job fair held on Sunday. According to Nguyễn Thanh Phương, deputy director of the local job service centre, participating firms need over 22,700 labourers - 21,000 manual workers and over 1,600 professionals.
FEE COLLECTION AT HAI PHONG PORTS IS LEGAL: PEOPLE’S COMMITTEE
The collection of fees for the use of infrastructure, service facilities and public utilities at all ports in northern Hai Phong City is as per the laws and regulations. The municipal People’s Committee released a document on Tuesday affirming that the collection had adequate legal foundation.
HCM CITY TO LAUNCH FIRST RIVER-BUS SERVICE
HCM City plans in June to launch the first river bus transport service connecting Bạch Đằng Wharf in District 1 with Thủ Đức District, and a second route in September from Bạch Đằng Wharf to District 8.
VIETNAM AIMS TO QUICKEN ELECTRICITY SECTOR RESTRUCTURING
Prime Minister Nguyen Xuan Phuc has approved a project on restructuring the electricity industry from 2016-2020, with a vision to 2025, to increase transparency and fair competition in the field.
VINALINES TO DEVELOP LOGISTICS CENTRE IN THE CAPITAL
Vietnam National Shipping Lines (Vinalines) plans to develop a large-scale logistics centre in the capital as part of its development strategy for 2020, thoibaotaichinhvietnam.vn reports.
NEW REGULATIONS ON LENDING ACTIVITIES OF FOREIGN CREDIT ORGANIZATIONS
The State Bank of Viet Nam has issued Circular No.39/2016/TT-NHNN stipulating lending activities of foreign credit organizations and bank branches for customers. Accordingly, lending activities of credit organizations for customers will be launched based on agreements between the credit organizations and customers suitable with the Circular mentioned above and related legal documents, including laws on environmental protection.
