Savill Vietnam's spotlight for the second half of 2020 forecast unit prices to benefit further from infrastructure upgrades. Average asking prices have increased 4 per cent per year over the last five years. At the same time, infrastructure development eases living farther out. When complete, the metro and ring roads will see this trend accelerate. The framework for public-private partnerships was simplified in 2020. Political stability and speedier decision-making will see greater spending on key infrastructure projects. The GSO estimates that for every 1 per cent point increase in public investment, GDP will move up 0.06 per cent points. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 24
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KIDO Group has reported growth of nearly 48 per cent in net profit to VND418 billion (US$18.2 million) for 2020.
The main products it planned to focus on would be edible oil, ice cream and snacks in the mid- and high-priced categories, which offer high margins. … [Read more...] about KIDO Group has reported growth of nearly 48 per cent in net profit to VND418 billion (US$18.2 million) for 2020.
Bao Minh Insurance plans to divest from MBB
In the third quarter, MBB reported an increase of 6.1 per cent year-on-year to more than VND6,735 trillion in revenue. The bank’s profit after tax rose 8.3 per cent to VND2.357 trillion. In the first nine months of last year, the profit after tax climbed 6.4 per cent year-on-year to nearly VND6.332 trillion. … [Read more...] about Bao Minh Insurance plans to divest from MBB
Toyota recall cars distributed in Vietnam over fuel pump defect
Meanwhile, Lexus, the luxury vehicle division of Toyota, are recalling eight models, including RX350/450h, RX350L/450, NX200t/300h, ES350, GS200t, LX570, and LS500/500h for a check and replacement of fuel pumps. … [Read more...] about Toyota recall cars distributed in Vietnam over fuel pump defect
National Party Congress will guarantee present and future of Việt Nam: Cuban journalist
In the interview, the Prensa Latina correspondent also highlighted Việt Nam’s success as ASEAN Chair in 2020 despite the COVID-19 crisis. It held many teleconferences and phone talks with leaders of countries in the region and the world to coordinate the pandemic response strategy and maintain contact. … [Read more...] about National Party Congress will guarantee present and future of Việt Nam: Cuban journalist
