Property for sale dipton

Efforts to stimulate domestic consumer market continue as pandemic threatens exports The Ha Noi Department of Industry and Trade will organise five Vietnamese Goods Weeks this year to stimulate demand. Photo baodauthau.vn The Ministry of Industry and Trade will organise conferences to connect producers, suppliers and retailers, and events for producers and traders, especially small traders, to help take goods to residential areas, industrial parks and rural and mountainous regions, the Sai Gon Giai Phong (Liberated Sai Gon) newspaper reported. It will help encourage consumption by fostering the evening economy and holding fairs and exhibitions of products and services. It continues to implement the ‘Vietnamese people give priority to using Vietnamese goods’ programme. It will also promote the adoption of IT and foster e-commerce. The Ha Noi Department of Industry and Trade will organise five Vietnamese Goods Weeks this year to stimulate demand. To be held in … [Read more...] about VIETNAM BUSINESS NEWS APRIL 16

SOEs must complete the sale of shares within four months, photo Le Toan State-owned lender Agribank has been stuck for years with divestment efforts because its real estate assets could not be approved by the Ministry of Finance due to their large size and complex procedures. “At the end of last year, the Ministry of Finance also made a comprehensive assessment on the equitisation goal of state-owned enterprises. Specifically, only about 28 per cent of enterprises were equitised, which means that nearly three-quarters did not meet the plan. The main issue is that many large corporations’ land use rights remain unclear, as can be seen in the cases of VNPT and Agribank,” explained Chu Manh Hung, deputy head of the Equitisation Department at Agribank. “Since the equitisation plan during 2016-2020 has not been completed yet, Agribank will continue carrying out this task for the 2021-2025 period,” he added. “However, there are still major roadblocks hampering the process, … [Read more...] about Divestment slow off the blocks for banks

HANOI -- Vietnam’s biggest conglomerate Vingroup is looking to establish a second VinFast automobile plant in the country, according to documents submitted to local authorities which were reviewed by Reuters. The planned construction would be on a 3,700 acre plot in the northern central province of Ha Tinh, be developed by Vingroup’s Vinhomes property unit and house a new car plant and supported facilities, according to the documents, which were submitted to the Ha Tinh People’s Committee on April 13. News of the expansion comes after sources told Reuters that VinFast, Vietnam’s first domestic car manufacturer, was considering an initial public offering in the United States in a deal that could value the carmaker at about $60 billion. The new plant will be for producing and assembling cars and parts, the statement said. A Vingroup spokesman was unable to provide comment. “Local authorities and Vinhomes will meet and work together soon to finalise the plan,” a local … [Read more...] about Vingroup looks to establish second car plant in central Vietnam