Business News

Strong economic growth since 2015 has created a thriving domestic property market that is likely to continue next year, said Construction Minister Pham Hong Ha.
The Minister told the first annual Vietnam Real Estate Forum in Hanoi this week that the market’s growth had made significant contributions to the country’s socio-economic development.

Many commercial banks in Vietnam have achieved profit of trillions of dong and are on the right track for the whole year’s target. Tendency of retail customers and consumer loan development takes place at all banks, creating a driving force for increasing profits.

Hindrance on granting house ownership certificates to overseas Vietnamese should be removed to encourage the investment into the local real estate market, Ho Chi Minh City People’s Committee said.

The 17th edition of Viet Nam International Textile & Garment Industry Exhibition and Viet Nam International Textile & Apparel Accessories Exhibition, or VTG 2017 will be held in HCMC from November 22 - 25 with the participation of 400 exhibitors from 14 countries and territories.

The General Department of Customs said aviation procedures for entries and exits of aircrafts at all international airports nationwide would be connected to the National Single Window system from November 15.

Credit cardholders will not be allowed to withdraw cash worth of more than VND5 million for domestic transactions and no more than VND30 million for foreign currency.

HCM City plans to put projects under the Build-Transfer (BT) investment model under more scrutiny by auctioning land instead of offering it in exchange for infrastructure.

Profits of many commercial banks this year will hit the highest levels since 2012 thanks to rising capital demand, experts have forecast. Financial reports from banks showed that although two months still remain until the end of the year, many banks have already met profit targets set for the whole of 2017.