Vinhomes Central Park (Source: Vinhometancang.com)
Hanoi (VNA) – The new exchange rate mechanism will not make any remarkable impact on t𓃲he Vietnamese real est♋ate market, assured an expert from the CBRE Vietnam.
The Vietnamese dong remains stable compared to other foreign currencies in the region, CBRE Vietnam Deputy Director Nguyen Hoai An explained, adding that Vietnamese still account for 90 percent of investors in the real estate sector, and domestic capital flows dominate the market.
According to the CBRE experts from Singapore and Hong Kong, Vietnam’s exchange rates remain stable and positive among other Southeast Asian countries’.
They attributed Vietnam’s property market attractiveness to growing population that leads to increased demand for housing.
The State Bank of Vietnam decided on January 3 that it will announce a central rate for the VND and the USD on a daily basis, serving as reference rate for credit institutions and foreign bank branches to set their own rates. Banks in Vietnam are allowed to trade the dollar within a three percent range above or below the central rate.-VNA
The number of newly-established real estate firms has seen a year-on-year increase of 77.8 percent, the highest rate among all sectors, according to the Vietnam Real Estate Association.
Real estate has reeled in 2.32 billion USD in foreign direct investment (FDI) as of the fourth quarter this year, ranking third among sectors that attract FDI.
The State Bank of Vietnam (SBV) will issue a new mechanism on foreign exchange management next year to cope with changes in the market, especially the global market.
The Vietnamese property market is entering 2016 after witnessing recoveries of firms in 2015, driven by macroeconomic improvements and policies of openness.
The margin limit for exchange rates remains at +/-3, Deputy Governor of the State Bank of Vietnam Nguyen Thi Hong told a press conference in Hanoi on January 4.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Vinhomes Central Park (Source: Vinhometancang.com)
