Vietnamplus

Ho Chi Minh City is expected to need an additional 160,000 social housing apartments in the next decade to meet its rising population and demand for affordable housing, according to the city’s Department of Construction.

The northern mountainous province of Dien Bien still lacks traditional craft villages that are recognised under the provisions of Decree No 52 from the Government on the development of rural sectors and traditional craft villages. Villages short of capital and with disorganised production and outdated technologies are failing to meet market demand.

The corporate bond market cooled in September and risks still persist for investors, according to securities companies.

The southern coastal province of Ba Ria - Vung Tau has asked the Government to allocate capital from the central budget to speed up progress of national key projects in the province over the next five years.

Leaders of banks predicted bad debts will not only cause bad impacts in the short term but also in the long run when the COVID-19 pandemic is pushed back, especially in 2021.

The railway sector will have to face huge financial pressure if it replaces expired locomotives and carriages.

TH Group on September 18 began the construction of a high-tech, concentrated dairy cow project in Mo Rai commune, Sa Thay district, the Central Highlands province of Kon Tum.

The Malaysian government has decided to raise the subsistence allowance for fishermen back to 300 RM from 250 RM a month, Prime Minister Tan Sri Muhyiddin Yassin said on September 17.

The Government’s Decree 81, which comes into effect on September 1, will help raise the corporate bond market standards and remove low-quality issuers to better protect investors.

Indonesia’s Financial Services Authority (FSA) has revised the country’s credit growth down to just 4 percent this year compared to 2019 - far from the initial 11 percent.

Many private enterprises said they want to invest in building renewable energy infrastructure, but Vietnam still lacks mechanisms to encourage private enterprises to participate in this activity.

Companies are looking to raise debts from bond issuance before the amended Law on Securities takes effect next January.

Sacombank and 15 other banks have signed credit contracts to provide preferential loans for corporate customers to support them in their efforts to restore and expand business and production after the COVID-19 pandemic.

Once the National Assembly approves the switching of investment format of the North-South Expressway to public investment, the Ministry of Transport (MoT) will open bidding in September so that the project can be kicked off in October or November this year.

State-owned lender Bank Rakyat Indonesia (BRI), in cooperation with ride-hailing service provider Grab, has launched a low-interest loan facility for the latter’s drivers and merchant partners who have been impacted by the COVID-19 pandemic.

The Ministry of Transport has recently proposed the Government to consider and approve the option of increasing BOT toll fees in order to remove difficulties for the investors who suffered revenue losses.

The most serious impact of COVID-19 on firms is the lack of cash flows, which directly hits their survival.

Real estate business and housing construction in Ho Chi Minh City have been hit hard by the COVID-19 pandemic, with significant decreases recorded in supply and demand, according to market watchers.

The company would have to close and stop production if any inhouse COVID-19 infection case.

The Jakarta Manpower, Transmigration and Energy Agency said on April 6 that a total of 162,416 workers in Jakarta, the capital of Indonesia, have been laid off and forced to take unpaid leave due to COVID-19 pandemic.