Apartment buildings in Hoang Mai District, Ha Noi. Mid-end apartments remained the most popular products offering to the Ha Noi market in the second quarter of this year.— VNS Photo Doan Tung The domestic property market has continued to show steady increases in the second quarter of this year. This, according to the Ministry of Construction, is because of a lack of new supply due to the COVID-19 pandemic. The ministry said in the second quarter, housing prices in Ha Noi and HCM City continued to increase by 2-7 per cent quarter on quarter due to the low new supply, while many localities saw a slight rise of 3 per cent. House prices in Hai Phong, Binh Duong and Dong Nai increased by 5-9 per cent quarter on quarter. Rental prices for serviced apartments and offices continued to fall at a rate of between 1-3 per cent. In some big cities, rental prices for retail space decreased by 10-30 per cent quarter on quarter. Regarding the land plot segment, the ministry said that at …
VIETNAM BUSINESS NEWS JULY 19
Shares to move sideways with low liquidity The market will continue to move sideways this week with low liquidity to gradually form a strong enough accumulation base before returning to the uptrend, analysts said. The VN-Index was maintaining the recovery span from the support area of 1,286-1,261 points with low liquidity, which was a typical sign for an accumulation period, said analysts from SSI Securities Joint Stock Company (SSI). “The current bottom-fishing demand is still weak, so it was likely that the VN-Index will continue to move sideways with low liquidity,” they said. “The VN-Index may return to the uptrend if the index surpasses the resistance area of 1,340 points with the volume rising to the 50-day average,” they said. The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) inched 0.42 per cent higher to close last Friday at 1,299.31 points. The southern market index had lost 3.6 per cent last week. An average of 599.9 million shares were …
Central city lures investment in mid COVID-19 hit
An engineer monitors a production line at a circuit board factory at Da Nang IT Park. The central city's IZs and IPs have still lured investment in spite of the coronavirus outbreak. — Photo courtesy of Trung Nam Group The US’s Vector Fabrication Inc has been scouting locations in central Viet Nam for a Micro-Electro-Mechanical Systems (MEMS) factory with an estimated investment of US$60 million, according to the Head of the Da Nang Hi-tech Park and Industrial Zones Authority (Da Nang HPIZA), Pham Truong Son. Son confirmed to Viet Nam News, that the city’s People’s Committee has asked the board for an introduction to the park for the US investor from California. It’s a positive recovery sign for foreign investment in the city during the coronavirus pandemic that has hit the city and many provinces in Viet Nam, Son said. Despite the outbreak of COVID-19 in the city, potential foreign and domestic investors have been eyeing establishing manufacturing factories at the central …
Continue Reading about Central city lures investment in mid COVID-19 hit →
Central Da Nang city lures investment in mid COVID-19
An engineer monitors a production line at a circuit board factory at the Da Nang IT Park. The central city's IZs and IPs have still lured investment in spite of the coronavirus outbreak. (Photo courtesy of Trung Nam Group) Da Nang - The US’s Vector Fabrication Inc has been scouting locations in central Vietnam for a Micro-Electro-Mechanical Systems (MEMS) factory with an estimated investment of 60 million USD, according to the Head of the Da Nang Hi-tech Park and Industrial Zones Authority (Da Nang HPIZA), Pham Truong Son. Son confirmed to Vietnam News, that the municipal People’s Committee has asked the board for an introduction to the park for the US investor from California. It’s a positive recovery sign for foreign investment in the city during the coronavirus pandemic that has hit the city and many provinces in Vietnam, Son said. Despite the outbreak of COVID-19 in the city, potential foreign and domestic investors have been eyeing establishing manufacturing factories …
Continue Reading about Central Da Nang city lures investment in mid COVID-19 →
Vietnam’s homemade COVID-19 vaccine to be registered for approval in August
Among the four coronavirus vaccines under development in Vietnam, Nano Covax is slated to be registered for emergency approval next month as an effort to make the first made-in-Vietnam vaccine available soon amid rising COVID-19 cases. The registration of the vaccine is expected to be done between August 15 and 20, as announced at a meeting held on Friday between Prime Minister Pham Minh Chinh and representatives from the ministries of Health, and Science and Technology, and from the COVID-19 vaccine developers in Vietnam. In the near future, four vaccines will be manufactured in Vietnam, of which two are domestically developed and the others are made based on technology transfer, the meeting was told. Of these vaccines, Nano Covax, developed by Ho Chi Minh City-based Nanogen Pharmaceutical Biotechnology JSC, has seen the fastest development progress, with the phase-3 trial results available between August 4 and 19, said a report at the meeting. Local experts will coordinate …
Continue Reading about Vietnam’s homemade COVID-19 vaccine to be registered for approval in August →