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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

The general goals set for next year focus on efficient prevention and control of the Covid-19 pandemic, people’s health protection, and socioeconomic recovery and development. The plan also looks at macroeconomic stability, inflation control, strong promotion of economic restructuring associated with growth model innovation, improved productivity, quality, efficiency, autonomy and competitiveness, and strong domestic market development. … [Read more...] about Legislature approves 6 percent GDP growth target for 2021

Proprietary investment saw revenue of VND9 billion and profit before tax of VND514 billion, an increase of 20 per cent and 30 per cent. In the final quarter the company increased its holdings in TCB, VPB, MBB, and IJC, and reduced its position in SCR and DIG. … [Read more...] about Viet Capital Securities revenues, profits up sharply

Starting this April, Trung Nguyen will launch a new retail system, modelling on its franchised system of coffee shops. It is in various stages of negotiations with hundreds of shop owners around the country with the aim of turning them into convenient stores or groceries bearing the brand name of G-7 Mart owned by Trung Nguyen. … [Read more...] about Private train venture routed in tourism