Vietnamplus

As many as 706 enterprises, 85 percent of 832 listed companies on the Vietnamese stock market, generated profits during the third quarter of this year.

Cambodia’s real estate sector experienced strong growth in the first half of the year, with robust market absorption for landed housing and condominiums.

News and World Report of the US has ranked Vietnam eighth among 29 best economies to invest in, and first among the Association of Southeast Asian Nations (ASEAN) in the list.

Vietnam needs to renew its real estate market to attract more foreign investors and increase the quality of foreign direct investment (FDI) in the sector, according to experts.

A total of 117 trillion VND (5.03 billion USD) worth of corporate bond notes were raised in the first eight months of 2019, according to SSI Securities Corporation’s research unit.

Ho Chi Minh City has attracted 4.19 billion USD in foreign direct investment (FDI) so far this year, up 21.7 percent year-on-year.

Ceramic industry operators worldwide will display technology innovations at the ASEAN Ceramics 2019 in Thailand to develop their potential and enhance competitiveness in the international market.

More positive signs would appear in Ho Chi Minh City’s property market in the year-end months despite difficulties in the first half of the year, said Chairman of the HCM City Real Estate Association Le Hoang Chau.

The Ministry of Construction has recently requested the Departments of Construction in cities and provinces to urge enterprises in the real estate sector to report suspicious transactions and cash transactions worth 300 million VND (13,000 USD) and above.

Bond issuance is becoming an ideal channel for real estate firms to raise capital as credit policies for property development are gradually being tightened, experts said.

The real estate sector has announced a number of joint venture projects with the Republic of Korea (RoK) and Japan in the past three years.

The State Bank of Vietnam (SBV) will hold its benchmark refinancing and discount rates at 6.25 percent and 4.25 percent, respectively, in addition to maintaining its 14 percent credit growth target for the remainder of 2019, experts forecast.

The domestic real estate market in the second half of this year is not expected to witness significant changes in price due to stability in supply, according to experts.

Singaporean employers have revealed bright prospects for their hiring plans in the third quarter of the year, according to a survey conducted by recruitment company ManpowerGroup Employment.

Ho Chi Minh City attracted 2.77 billion USD in foreign direct investment (FDI) in the first five months of 2019, up 49 percent year-on-year, reported the municipal People’s Committee.

Ho Chi Minh City attracted 2.77 billion USD in foreign investment in the first five months of this year, with 46.7 percent of the capital poured into real estate.

The real estate market has slowed in the first months of 2019, which experts attributed to limited bank credit sources for the market.

The risk of money laundering in Vietnam is at “average high” level, and that of terrorist financing at “low” level, according to a recent report released by the State Bank of Vietnam (SBV).

The risk of money laundering in the banking sector may be primarily related to money laundering originated from embezzlement.

The State Bank of Vietnam (SBV) bought 8.35 billion USD from credit institutions between the beginning of this year and April 17 to build up the nation’s foreign reserve.