Soft ground levels, complex underground pipework, frequent flooding, and lack of incentives are all hindering investors from jumping into underground real estate development and construction in HCM City, despite promising prospects in some areas. Ho Chi Minh City Department of Planning and Architecture is finalising an underground space development plan, focusing on the central area of […]
Read MoreThe domination of foreign ocean carriers and intermediate parties has been causing chaos in seaborne-freight costs, driving exporters and manufacturers into deadlock. Ho Duc Lam, chairman of the Vietnam Plastics Association, expressed his concern for the over 3,000 plastics manufacturers as they have been suffering under the pandemic and in exporting cargo overseas due to […]
Read MoreBank of Ayudhya Plc said on Wednesday that it will acquire SHB Finance in Vietnam from Saigon-Hanoi Commercial Joint Stock Bank for 5.1 billion baht. “We are very pleased to announce that we have signed agreements with SHB to acquire a 100% stake in SHB Finance, SHB’s consumer finance subsidiary,” Bank of Ayudhya President Seiichiro […]
Read MoreThe acceleration of the vaccine rollout should help Vietnam’s economy to return to its pre-pandemic growth level next year. The Vietnamese GDP growth is set to expand by 4.8% in 2021, and reach the pre-pandemic GDP growth rate of 6.5-7% from 2022 onward. World Bank’s (WB) Senior Economist Dorsati Madani revealed the figures at the […]
Read MoreCommercial banks have continuously announced lending interest rate reductions to support and accompany customers to overcome the adverse impacts of the COVID-19 pandemic. Vietcombank was the latest to announce a rate cut for loans from August 18, 2021 to December 31, 2021 for all businesses and individuals severely affected by the pandemic in 19 southern provinces […]
Read MoreCompanies in industrial parks (IPs) and export processing zones (EPZs) in HCM City will continue to operate despite stricter COVID-19 prevention and control measures being applied for two weeks starting on Monday. The HCM City Industrial Parks and Export Processing Zones Authority (HEPZA) has asked companies to continue the ‘three on-site’ model (work, eat, and rest at workplaces) or the ‘one route, two destinations’ model (workers […]
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