HCM CITY REAL ESTATE MARKET REMAINS ON GROWTH PATH
The HCM City property market is expected to remain strong this year thanks to the country’s robust economic growth last year. According to American real estate services firm John Lang LaSalle, mergers and acquisitions in the sector will continue to attract great interest among international investors, especially Japanese, Singaporean, Chinese and South Korean companies, and could reach record levels of almost US$2 billion, up from $1.5 billion last year.
PROPERTY MARKET 2018: GREAT OPPORTUNITY FOR BUSINESSES
Driven by growth momentum of the property market in 2017 and coupled with the miraculous rally of the stock market, the property market will continue a positive prospect for 2018. Particularly, in 2018, the Government will complete mechanisms, characteristics and development orientations for three special administrative economic zones - Van Don (Quang Ninh province), Van Phong (Khanh Hoa province) and Phu Quoc (Kien Giang province) in addition to the adoption of specific mechanism for the economic development of Ho Chi Minh City.
PROPERTY MARKET GETS $77.6MN IN FDI IN JANUARY
Foreign investors pumped in a total of US$77.6 million in the real estate market in January, according to statistics of the Foreign Investment Agency. The real estate sector ranked third among 19 sectors with foreign direct investment (FDI) in January, attracting 6.2 per cent of the total registered FDI.
LOCAL BANKS INVEST MORE IN LONG-TERM BONDS
Commercial banks have been active in the bond market, buying more 30-year Government bonds which they earlier considered risky, according to Forbes Vietnam.
POLICIES EFFECTIVE SINCE FEBRUARY, 2018
A string of policies on business income, social insurance, logistics, digital signatures, unbaked materials come into effect from February, 2018.
CẦN THƠ SEEKS INDUSTRIAL PARK INVESTORS
he Mekong Delta City of Cần Thơ’s Trade and Investment Promotion Centre plans to promote investment in the Việt Nam – Japan Industrial Park this year, according to Nguyễn Khánh Tùng, director of the centre.
FOREIGN EXCHANGE MARKET TO BE STABLE IN 2018
Commercial banks are optimistic about the foreign exchange market in 2018, noting that the market would be stable with the Vietnamese đồng devaluing slightly by some 0.5-1 percentage points to VNĐ22,710 to VNĐ22,950.
TRANSPORT MINISTRY TO SPEED UP PROJECTS IN 2018
The Ministry of Transport’s main task this year is to speed up transport projects, Deputy Minister Nguyễn Ngọc Đông said on Thursday. He was speaking at a meeting to review 2017 and set goals for 2018.
