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Intellasia East Asia News. The HCM City Real Estate Association has proposed social housing lending rates be lowered to 3-3.5 per year to create favourable conditions for low-income earners to afford homes. This was highlighted in the association’s document recently submitted to the government about its recommendations for completing social housing policies as Vietnam was developing a project on […]
Intellasia East Asia News. HCM City’s plan to ban motorbikes from the city centre will not work, given inadequate public transport and asynchronous planning. “The plan to charge cars and remove motorbikes from downtown HCM City by 2025-2030 in order to resolve the city’s congestion crisis is not feasible,” Ngo Vietnam Son, traffic expert and CEO of Ngo Viet […]
Intellasia East Asia News. Experts have called for greater efforts to increase the competitiveness of products, enterprises, and the nation at large, amidst radical challenges from signed and pending free trade agreements. The free trade agreements (FTA) which Vietnam signed and has been negotiating are expected to further boost access for domestic firms and their products to overseas markets. […]
Intellasia East Asia News. Vietnamese shares advanced on March 4 with the strong growth of large-cap stocks such as Vingroup (VIC), Vinhome (VHM), PV Gas (GAS), Vinamilk (VNM), and Vincome Retail (VRE). The VN Index on the Ho Chi Minh Stock Exchange (HoSE) edged up 14.36 points to close the trading day at 993.99 points. More than 235 million […]
Intellasia East Asia News. The export of marine products is expected to rise by 17 percent to 3.5 billion USD this year despite likely hurdles, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). According to Nguyen Thi Thu Sac, vice Chairwoman of VASEP and head of its marine products committee, tuna exports still have room to […]
Intellasia East Asia News. Business magazine Forbes Vietnam revealed on March 4 its list of the 50 most influential women in Vietnam in 2019, 20 of whom are entrepreneurs. The selected entrepreneurs include general director of Nutifood Nutrition Food JSC Tran Thi Le, general director of Saigon Trading Group (Satra) Le Minh Trang, and Chairwoman of HD Bank and […]
Intellasia East Asia News. Vietnam’s newest carrier Bamboo Airways is carrying out its plan to conduct flights on 37-40 air routes in 2019 with the aim of expanding its network across Vietnam, according to general director Dang Tat Thang. Besides, international flight plans to Asia, Europe and Oceania could be implemented right from the second quarter of this year […]
Intellasia East Asia News. The Vietnam National Oil and Gas Group (PetroVietnam) has reported an estimated revenue of 111.8 trillion VND (over 4.8 billion USD) in the first two months of 2019, surpassing its target by 8 percent. The group said it contributed an estimated of 14.4 trillion VND to the State budget in the reviewed period, exceeding the […]
Intellasia East Asia News. The Management Authority for Urban Railways of HCM City (MAUR) has once again proposed the city government advance VND39 billion (US$1.7 million) from the city’s budget to pay employees their salaries and allowances. MAUR stated in its proposal that it had submitted a similar proposal in November last year. Since January 31, employees of the […]
Intellasia East Asia News. The Danang International Airport will see the T3 terminal, with a capacity of 30 million passengers per year, being put into operation this year. The airport currently has two passenger terminals: T1 for domestic transport and T2 for international trips, accommodating a total of 14 million passengers per year. As such, when in place, the […]
Intellasia East Asia News. HCM City-based property firms’ expansion to neighbouring provinces is not only intended to take advantage of the movement of people out of the city but also part of their sales strategy. Major markets such as HCM City are now restricting new high-rise property projects, while the city’s available land is shrinking. In addition, Vietnam’s urbanisation […]
Intellasia East Asia News. Vietnam is in the early stages of developing renewable energy sources and needs to introduce more incentive policies to attract more investment, experts have said. Deputy minister of Industry and Trade Hoang Quoc Vuong said that the rapid increase in energy demand and consumption, at around 10 per cent per year, had negative impacts on […]
Intellasia East Asia News. Although Vietnam is a leading exporter of cashew nut, the country’s export value remains modest as many enterprises are still dependent on imported materials. In 2018, Vietnam’s cashew export revenue hit 3.52 billion USD, but up to 70 percent of cashew materials for processing were imported, leading to high costs. According to the Vietnam Cashew […]

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