Hanoi: 80 percent of new landed property supply located in the east

Vinasun has voiced its opposition to the conclusion of the Vietnam Competition Council (VCC) that the merger between ride-hailing firms Grab and Uber in the country showed no signs of economic concentration.

The Ministry of Industry and Trade has transferred the jurisdiction over State capital at 11 out of 12 loss-making megaprojects to the Commission for the Management of State Capital at Enterprises.

Tenders for building three sections of the North-South Expressway project have attracted a total of 27 investors, including 18 firms from South Korea and China.

Major local conglomerate Vingroup has established its own air carrier called Vinpearl Air with charter capital of VND1.3 trillion.

Vietnam’s banking system is becoming more susceptible to shocks as household leverage continues to increase, but near-term risk appears limited amid the benign operating environment and strong economic growth.

Cao Xuan Ninh, chairman of Vietnam Export Import Bank (Eximbank), has tendered his resignation after only one month in the job. The HCMC-based bank has been plagued with leadership disputes.

Customs officers of Haiphong City have discovered a batch of sport shoes shipped from the Port of Xiamen in China to Vietnam bearing “Made in Vietnam” labels, Thanh Nien newspaper reported.

Investigators in the capital city of Hanoi have accused Chairman of Muong Thanh Group, Le Thanh Than, of cheating his clients in a housing project.

Hanoi office rental maintains upward trend

Vietnam now has to ensure fair competition, national treatment for foreigners and nationals equally as well as no quantitative restrictions in foreign trade.

The car sales in Vietnam are forecast to reach 500,000 units per year in 2020 and 1 million per year by 2030, with a turnover of US$12 billion each year.

Thousands of fake motor parts imitating the two leading motorcycle manufacturers Honda and Yamaha were found by Lang Son province authorities, showing that counterfeit and fake goods are growing into a serious social issue.

As the State Bank of Vietnam (SBV) has ordered tight control over real estate loans by credit institutions, property firms and developers have to seek alternative ways to raise their capital.

At the Viet Nam Industrial Construction Corporation (Vinaincon)’s annual general meeting this year a report from its supervisory board said the company achieved only 77.5 per cent of its revenue target in 2018.

Stakeholders urged to consult arbitrators in PPP project disputes

Vietnam’s benchmark VN-Index has risen since the ratification of the EU-Viet Nam trade agreement on the back of listed firms whose exports would be boosted by the deal.

In case GrabFood continues to charge 20-25 per cent commission for local vendors, it may lose ground to Go-Viet and Now.

Vietnamese businesses are further participating in the global value chain and reaching out to the world market.

The abundant potential for tourism and renewable energy development has turned Vietnam’s central region into an investment hotbed.