INDUSTRIAL PRODUCTION GAINS STABLE GROWTH IN SEVEN MONTHS
Industries achieving high production growth in the reviewed period included coke coal and refined mining products (48 per cent), metal (40 per cent), ore exploitation (17 per cent), rubber and plastic production (16 per cent) and motor vehicles (12 per cent).
ESTATE MARKET EXPECTED POSITIVE GROWTH IN YEAR-END MONTHS
At a seminar in HCM City earlier this week, Châu said it was not a rosy picture in the property market. Since March 7, 2017, when the Prime Minister requested the projects using State-owned land to be reviewed, the market has faced considerable challenges and difficulties.
CITY SPEEDS UP DEVELOPMENT OF LOGISTICS SECTOR
According to the Việt Nam Logistics Business Association, more than 70 per cent of the country’s 3,000 logistics firms are in the city, mainly operating in shipping and delivering, transportation, warehousing, ports, loading and unloading, distribution, customs clearance and integrated logistics services.
HCM CITY: OFFICE MARKET CONTINUES STABLE GROWTH
Rental prices of the two grades rose due to the limited supply. The average price of Grade A in the second quarter was 46.7 USD/m2/month, up 0.9 percent against the previous quarter and 2.9 percent over the same period last year. Meanwhile, the monthly price of Grade B was 23.5 USD/m2, an increase of 0.3 percent compared with the previous quarter and 4.7 percent year-on-year.
FOREIGN INVESTORS CONTINUE TO POUR MONEY INTO DONG NAI
The southern province of Dong Nai lured more than US$1.14 billion in foreign direct investment (FDI) in the first seven months of this year, easily surpassing its target for the entire year, according to the provincial Department of Planning and Investment.
VIETNAMESE VESSEL FLEET RANKS 30TH WORLDWIDE
Average vessel age of Vietnamese ones is 15.6 years old, lower than the world’s ones of 20.8 years old. Especially, the number of Vietnamese containers increased from 19 in 2013 to 39 in 2019.
OPPORTUNITIES FOR FOREIGN SECURITIES COMPANIES
The Vietnamese stock market entered the second half of the year with many positive developments. The chance of being upgraded by FTSE Russell is stimulating investor confidence more than ever and this also attracts great interests from foreign securities companies.
GOV’T GIVES GREEN LIGHT FOR NEW CORPORATE INCOME TAX PROPOSAL
The Ministry said once the proposal is approved, State budget revenues will be reduced by VND 9,200 billion/year but in the long run, the proposal will help SMEs to increase funding for business expansion.
