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Real estate prices in Ho Chi Minh City skyrocketed during the second quarter of this year to hit record highs, with some villas in the city currently on sale for VND700 billion (US$30 million), according to statements given at a conference on Tuesday. At the 'Money Flow and Real Estate Trends in Late 2022' conference hosted by Cafeland , a real estate website, Vo Huynh Tuan Kiet, director of housing project marketing at CBRE Vietnam, shared that houses and villas in urban areas in the east of the city are currently on the market for prices ranging from VND200 million ($8,580) to $400 million ($17,200) per square meter. Regarding housing supply, Kiet said that the number of available apartments in Ho Chi Minh City soared to 12,000, up from about 1,000 in the first quarter of this year. The supply in the second quarter is nearly equal to that in the third quarter of 2019, a sign that the market is making a serious comeback. These apartments, however, are primarily high-end and … [Read more...] about Housing prices in Ho Chi Minh City hit record highs

The Vietnam – Europe Business Forum takes place in HCM City on June 30. (Photo: VNA) HCM City (VNA) – Ho Chi Minh City is calling for investment into 197 projects in ten key areas, including infrastructure development, agriculture, industry, trade and services, healthcare, tourism, education and housing, an official told the Vietnam – Europe Business Forum in the southern largest economic hub on June 30. Dao Minh Chanh, Deputy Director of the municipal Department of Planning and Investment, said EU countries are investing in 2,724 projects in HCM City, mostly in the fields of manufacturing and processing, retaile and wholesale, motor and automobile repair and maintenance, and information and communications. Worth a total of 7.69 billion USD, they account for 10.27% of FDI in the city, he said. HCM City has constantly improved its business climate and adopted various incentives to encourage more FDI , he said, adding that most notably among the incentives include … [Read more...] about HCM City calls for EU investment in nearly 200 projects

He said Caodaism is a religion coming into being in Vietnam, and during its development process, it has helped diversify the country’s traditional culture and uphold solidarity when encouraging its dignitaries and followers to stand side by side with the nation. During the resistance wars for national independence as well as national development and defence efforts at present, Cao Dai followers have always upheld their patriotic spirit and contributed to national liberation and construction, he noted, adding that the Party and State always appreciate their dedications. The Party and State have paid great attention to and given support for religious activities, including those of Caodaism. They have been working to ensure people’s right to freedom of religion and create conditions for religious followers and dignitaries to practice their religions properly, according to the State leader. President Phuc expressed his hope that Cao Dai churches and organizations will remain united … [Read more...] about President highly values Cao Dai followers’ contribution to country

On June 30, the project started to revise and select eligible and qualified businesses to receive support packages for the second intake of 2022, running from April 1 to June 30. The USAID IPSC, with a total budget of $36 million, is currently Vietnam's largest private-sector technical assistance project funded by the United States Agency for International Development (USAID). The project aims to support businesses to overcome the pandemic, improve their capacity in governance, technology, financial access, innovation, and market access, and promote a favourable business investment environment. USAID IPSC targets to support 5,000 small and growing businesses. USAID IPSC officially launched and opened registration on January 18. The applicants go through selection processes (the first in April, the second in July, and the third in November), to receive support packages. In 2022, USAID IPSC offers six different support packages for businesses based on overall project … [Read more...] about Hundreds of businesses to receive support from USAID IPSC Project

Customers conduct banking transactions at a Vietcombank branch. The bank tops the list of the 10 most prestigious commercial banks in Viet Nam in 2022. — Photo baochinhphu.vn The Vietnam Report JSC has recently published the list of the top 10 prestigious banks in Viet Nam in 2022. The 10 banks honoured as the most prestigious commercial banks in the country are Vietcombank, VietinBank, Techcombank, Military Bank, VPBank, ACB, BIDV, TPBank, VIB and AgriBank. Meanwhile, the list of the 10 most prestigious private joint-stock banks comprises Techcombank, VPBank, ACB, TPBank, VIB, HDBank, Sacombank, SHB, OCB and MSB. The banks have been ranked based on three criteria: financial capacity shown on the latest financial statement, credibility on media evaluated by the Media Coding method, and stakeholder opinions collected in a survey in June. The survey also showed that 48 per cent of bank customers think the banking industry has been playing a leading role in the country's … [Read more...] about Vietnam Report announces Top 10 prestigious banks

Deputy PM Vu Duc Dam inspects the treatment of dengue fever at the Hospital for Tropical Diseases. (Photo: SGGP) Deputy Prime Minister Vu Duc Dam made a field trip with his delegation to inspect the prevention of dengue fever and vaccination against Covid-19 in Ho Chi Minh City on June 30, accompanied by Standing Deputy Minister of Health Do Xuan Tuyen and Vice Chairwoman of HCMC People's Committee Phan Thi Thang. Dengue fever cases increased by 172.5 percent MD-Dr. Nguyen Van Vinh Chau, Deputy Director of the Department of Health of HCMC, informed that by June 29, the cumulative number of dengue cases in the city was 20,952, an increase of 172.5 percent compared to the same period last year, including ten deaths. Districts with high dengue cases include Binh Tan, Binh Chanh, District 12, Hoc Mon, Thu Duc City, Cu Chi, and Tan Phu. It is because the work of killing mosquito larvae and mosquitoes has not become a habit in people's awareness and actions. Besides the … [Read more...] about Covid-19 might recur if people neglect vaccination: Deputy PM Vu Duc Dam