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A corner of Phu Quoc (Photo: VNA) Hanoi (VNA) – Attracting large capital for urban development is essential for Phu Quoc city, which houses Phu Quoc island – Vietnam's largest off the southern province of Kien Giang, serving its diverse and sustainable growth after years of investing in the entertainment-resort tourism industry. A survey by the Vietnam Institute of Real Estate Studies ( VIRES ) showed that, in the past 3-5 years, over 90% of investors participated in the market’s tourism-resort realty segment. However, at the moment, the focus of investment has shifted to urban projects boasting transparent legality, with over 60% of investors interested in this segment. The vast majority of them chose long-term investment, expecting that the projects’ prices will increase many times in the coming years. Vice president of VIRES Pham Nguyen Toan noted Phu Quoc is gradually transforming itself into a profitable investment and settlement destination. He also singled out … [Read more...] about Phu Quoc welcomes increasing investment in urban development

Double digit export growth According to the Hanoi People’s Committee, the export turnover of goods in June 2022 reached about US$1.517 billion, up 6.8 percent from May 2022 and 17.5 percent from June 2021. In the first half of this year, the commodity exports turnover reached US$8.3 billion, up 17.1 percent over the first half of 2021. Some key items with increased export turnover in this period included textile and garment, reaching US$1.22 billion, up 29.6 percent; computer components and peripherals, US$1.072 billion, up 20.2 percent. The total import turnover of goods hit US$3.675 billion in June and US$20.5 billion in the first six months of 2022, the latter of which is 24.5 percent higher than the same period in 2021. Among the items of highest value were machinery, equipment and spare parts reaching US$2.996 billion, down 5.6 percent; petroleum US$2.934 billion, 2.8 times higher than the same period in 2021; computers, electronic goods and components at US$1.535 … [Read more...] about Hanoi helps firms implement trade deals

A customer buys vegetable at a supermarket in HCM City. — VNA/VNS Photo The HCM City Department of Industry and Trade has implemented measures to manage prices, supply and demand of goods in markets in a bid to keep inflation under control. The department is calling on supermarkets and convenience stores to forecast market demand, closely coordinate with key suppliers to develop plans, and store and prepare abundant goods at stable prices. Markets should implement preferential discounts on key products and other essential commodities while sharing other costs to reduce the pressure of increasing retailing prices to consumers, the department said. When there are signs of scarcity of goods or lack of supply in the system, it is recommended that supermarkets and convenience stores report to relevant authorities for timely coordination, the department said. The department is also requiring enterprises participating in the market stabilisation programme to actively prepare their … [Read more...] about HCM City seeks to manage stable prices, supply and demand of food

The school opening day is set at the appointed time after the Covid-19 pandemic has been controlled. The Hanoi Department of Education and Training has decided that the academic year of 2022-23 will start on September 5 as usual, according to a decision issued by Vice Chairman of Hanoi People's Committee Chu Xuan Dung. The decision will be applied to educational facilities from kindergarten to high schools, as well as centers for continuing education. Ceremonies to kick off the school year city-wide are scheduled for September 5, with the first and second semesters planned to be completed before January 16 and May 25, respectively. “The school opening day is set at the appointed time after the Covid-19 pandemic has been controlled. However, educational institutions will have to strictly implement measures to prevent and control the Covid-19 disease in accordance with the protocols as the pandemic threat remains,” Dung said. He noted that inaugural ceremonies held for … [Read more...] about Hanoi’s students to begin new academic year on September 5

Customers at BIDV's trading office. The bank's shares climbed 4.59 per cent on Monday, leading the rally. —Photo courtesy of BIDV The market ended mixed on Monday, with benchmark indices gaining points on the return of cash flow improving general sentiment. The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) added 11.84 points, or 0.94 per cent, to 1,274.2 points. The index opened the new week on a positive note as risk asset demand was higher. The market’s breadth was positive with more stocks increasing, while liquidity also rose over the previous session. Accordingly, matching value on HoSE jumped 15 per cent to nearly VND14 trillion (US$596.8 million), equivalent to a matching volume of 586 million shares. The market benchmark rallied for the second straight session, boosted by the uptrend of large-cap stocks. The 30 biggest stocks tracker VN30-Index closed the trading day at 1,293.79 points, up 2.83 points, or 3.1 per cent. Twenty-two stocks of the VN30 basket inched … [Read more...] about Return of cash flow lifts investor sentiment