Lawyer Nguyen Van Hung of HCM City Bar Association pointed out that although the Investment Law has specific provisions on the extension of projects, law enforcement remains weak. Many projects have been delayed for up to 10-15 years, and have not been handled well by localities. … [Read more...] about Provinces call for investment in real estate projects
Real estate
VN-Index surges one percent, led by blue chips
The oil and gas sector recorded no losing tickers this session. POW of Vietnam’s second-biggest electricity generator PetroVietnam Power shot up 4.3 percent, PLX of petroleum distributor Petrolimex added 0.6 percent, and GAS of energy firm PetroVietnam Gas kept its opening price. … [Read more...] about VN-Index surges one percent, led by blue chips
State-owned Vinalines to divest capital from 13 firms in 2020
Hanoi (VNA) – The State-owned Vietnam National Shipping Lines (Vinalines) plans to divest capital from 13 member companies this year. The corporation will reduce its ownership in six businesses and divest all of its capital from seven others. With this divestment plan, the liquidation of vessels and impact of its shrunken market share in temporary import for re-export services, the firm forecasts its consolidated revenue this year will decrease by 14.5 percent from 2019 to over 10.31 trillion VND (444.26 million USD). Since 2013, when Vinalines began restructuring, the firm has divested capital from many companies, cutting the number of its subsidiaries from 73 to 35. Notably, it has divested all capital invested in enterprises operating in other sectors like banking, securities, insurance and real estate to focus on its main business sectors of seaports, sea transportation and maritime services. Divestments from poorly-performing subsidiaries have helped slash the … [Read more...] about State-owned Vinalines to divest capital from 13 firms in 2020
$156 million medical campus set up in Ho Chi Minh City
HAMC is a state-of-the-art healthcare system incorporating a medical training centre, a network of general practice clinics and pharmacies, senior living/nursing homes, a rehabilitation centre, and a world-class hospital of 462 beds According to Roger Waterhouse, chairman of the Real Capital London, more than 40,000 patients visited Singapore for health treatment. “This figure shows the high potential of the Vietnamese market for high-quality healthcare services,” he said. … [Read more...] about $156 million medical campus set up in Ho Chi Minh City
VN stocks up as large-caps return
The strong growth of large-cap stocks made investors more optimistic about the potential recovery of the market in the short term, Thành Công Securities Co (TCSC) said in its daily report. … [Read more...] about VN stocks up as large-caps return
