VIMC REPORTED ALL-TIME HIGH PROFITS, RESTRUCTURING CONSIDERED
The Vietnam Maritime Corporation (VIMC) reported its profit exceeding US$130 million in 2022, for the second year in a row. While the final figure was still not yet made public while under audit, VIMC, the country's largest State-owned maritime logistics corporation, said 2022 had been a good year for business.
BINH DUONG: THOUSANDS OF FACTORIES TO BE MOVED FROM RESIDENTIAL AREAS
About 2,900 businesses and factories in residential areas of the southern province of Binh Duong will be re-located into industrial zones and clusters in the locality from 2024-2030, according to a plan sketched out by the provincial People’s Committee.
CENTRAL BANK NOT TIGHTEN REAL ESTATE CREDIT: DEPUTY GOVERNOR
The State Bank of Vietnam (SBV) has never issued any documents or statements ordering credit for real estate be tightened, Deputy Governor Dao Minh Tu said on February 8. Real estate is a sector contributing considerably to the economy, and this market is linked with other sectors, he told a meeting on real estate credit.
DEMAND FOR INDUSTRIAL LAND FOR RENT REMAINS HIGH
The demand for industrial land for rent in Vietnam will remain high this year thanks to policies promoting investment in the country, experts said. Due to short supply, rental prices for industrial land are expected to continue to rise by an average of 8-20% year-on-year in 2023, depending on the region, according to a report by the SSI Securities Corporation.
RAFT OF DEALS TO BRIGHTEN UP FOREIGN FUNDING PICTURE
Minister of Industry and Trade Nguyen Hong Dien has also handed over a decision approving the investment policy for a project to build a combined gas turbine thermal power plant using liquefied natural gas, with a total investment of $2.1 billion in the south-central province of Ninh Thuan.
REAL ESTATE STRONGLY APPEALING TO FOREIGN INVESTORS
The real estate sector ranked second in the list of industries attracting FDI in 2022, with more than US$4.45 billion, accounting for 16.1% of total registered investment capital. According to the Foreign Investment Agency, Ministry of Planning and Investment, in the past year, foreign investors poured funds into 19 industries out of a total of 21 national economic sectors.
INTELLASIA FINANCE & BUSINESS NEWS - FEBRUARY 14, 2023
1. High interest rates compound business woes
2. Banks hold nearly USD8 billion of corporate bonds
3. Vietnam urged to ensure exports to Asian, African markets in 2023
4. Foreign investors continue to make significant investments in Vietnam
5. VARS hopes constraints on real estate will be lifted
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VIETNAM TENDERS DAILY- FEBRUARY 13, 2023
1. Electric engine fire pump supply
2. Air cushion transport vehicle supply
3. Wellhead assembly supply
4. Materials, mechanical equipment supply
5. Girders and accessories supply
----and more news
