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BANKING / FINANCE / INSURANCE / TAX

WORLD BANK OFFERS NEW CREDIT TO DEVELOP URBAN CENTRES

The World Bank (WB) Board of Executive Directors yesterday approved a US$194.36 million credit plan to help four secondary cities in Việt Nam build critically-needed municipal infrastructure and strengthen urban planning.

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INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

VNA PLANS US$80 MILLION LOGISTICS PROJECT IN CAN THO

The Mekong Delta is the country’s largest agricultural production area and has seen growing demand for air cargo transportation, especially for high-value items for export. In 2017, the volume of goods transported from the region through Tan Son Nhat airport in HCMC exceeded 70,000 tons.

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VIETNAM ECONOMY INVESTMENT

BUILDING MATERIAL PRICES ON THE RISE

Statistics from the association showed that steel producers using electric arc furnaces for production were affected most by the power tariff hike. The total steel output from companies using electric arc furnaces accounts for 65 per cent of the country’s total steel output.

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MEMBER CORNER / PROMOTIONS

AN UNFORGETTABLE EVENING FOR FOOD LOVERS

The Reverie Saigon’s R&J Lounge & Restaurant, the city’s premier Italian fine dining venue, will host a very special culinary event on 13 and 14 June as part of the ‘Fine Dining Lovers by S. Pellegrino and Acqua Panna’ series.

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VIETNAM ECONOMY INVESTMENT

MOC: RULES FOR CONDOTELS, OFFICETELS COMING THIS YEAR

Minister of Construction Pham Hong Ha said at the Tuesday meeting of the National Assembly that his ministry and the Ministry of Natural Resources would complete regulations relating to condotel and officetel this year.

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VIETNAM ECONOMY INVESTMENT

FIRST VENTURE SUMMIT OPENS IN HN

The 2019 Viet Nam Venture Summit opens in Ha Noi on June 10, attracting the presence of representatives of foreign funds to discuss new development trends and make specific financial commitments.

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PROPERTY / INDUSTRIAL ZONE

YEAR-END PROPERTY MARKET TREND: POSITIVE SHIFT TOWARD MORE SUSTAINABILITY

Vietnam’s real estate market will positively shift toward more sustainability from now until the end of 2019, according to real estate experts. However, tightening property credits by the banking system will make investors more cautious, resulting in more selective development.

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LEGAL UPDATE / POLICY

POLICY KEY TO BOOSTING VIET NAM’S DIGITAL ECONOMY, SAY EXPERTS

The Ministry of Industry and Trade (MoIT)’s key task is to evaluate the building and adjustment of policies to support the development of the digital economy, according to Deputy Minister Cao Quốc Hưng.