CREDIT GROWTH RATE ESTIMATED AT 2.28 PER CENT IN Q1
The central bank reported that in the first three months of 2019, exchange rates and the foreign exchange market remained stable, supported by the abundant foreign currency supply, good liquidity in the market, and credit organisations’ continued purchase of foreign currencies from their clients. These have created optimum conditions for the SBV to continue buying foreign currencies to add to foreign exchange reserves, it noted.
FRESH POLICIES COME INTO FORCE SINCE APRIL
Tontine member is a person aged at least 18 years of age. With regard to a person aged from fifteen to under eighteen, if the private property is real estate or movable property required for registration to participate in the tontine, he/she must obtain the consent of his legal representative (Article 5).
MINISTRY PROPOSES LOWERING CIT FOR SMES
The ministry said that SMEs played a significant role in the country’s socio-economic development and were recognised to be the driver for economic growth, citing statistics that Việt Nam had more than 600,000 firms, nearly 500,000 of them were private firms with 96 per cent of being small and micro scales.
LONG AN PROVINCE SEEKS FUNDS FOR TRANSPORT PROJECTS
In addition, the ministry has directed units to carefully inspect and propose investment for projects such as Belt Ring Road No.2 and No.3, and HCM City- Long An- Tiền Giang expressway, which play an important role in socio-economic development of the province and nearby cities.
PUBLIC DEBT A BIG RISK FOR VN'S ECONOMY, SAY EXPERTS
According to Professor Dat, Vietnam’s economic performance has showed positive signs with last year’s GDP growth rate at 7.08 per cent, the highest rate in the last ten years. The primary contributions to growth come from Foreign Direct Investment, the processing and manufacturing industry, domestic consumption and a trade surplus.
CENTER FOR VISA APPLICATIONS TO EUROPE LAUNCHED
The new joint Belgium, Germany and Italy Visa Application Center was inaugurated in Da Nang city on March 22. The centre is located at the ACB Building in Phuoc Ninh ward of the city’s Hai Chau district. Applicants in central Viet Nam no longer have to travel to either Ha Noi or Ho Chi Minh City to apply for visas.
HAWEE LEADERS FORUM
“Why joining us?”: As you know, staying in touch with the latest leadership framework and investing in developing leadership capabilities for your organization should be one of the most important responsibilities as an Entrepreneur or Executives, but we leaders all have moments which we are caught up in the day to day business, can’t find the time, energy and mind to focus on what’s most important and getting things done. At HAWEE we decide to work together and find a way to move leaders forward.
GLOBAL REAL – INTERHOME AND LENNAR ATTRACT HOMEBUYERS FROM VIETNAM
Lennar is one of the biggest real estate developers in the US. Interhome and Lennar will organise a seminar with the theme “Sharing new views on the US real estate market” on March 23, 2019 in Ho Chi Minh City. This seminar will share information on high-quality property projects, as well as investment opportunities of owning and doing business in US-based properties.
