Real estate market sees slow decline in inventories
The real estate sector reported a reduction of 1.45 trillion VND (63.6 million USD) in inventory in February from December, 2016 to an estimated 29.6 trillion VND (1.3 billion USD).
Hanoi (VNA) – The real estate sector reported a reduction of 1.45trillion VND (63.6 million USD) in inventory in February from December, 2016 toan estimated 29.6 trillion VND (1.3 billion USD), according to the Departmentof Housing and Real Estate Management under the Ministry of Construction.
Most of the inventory is residential land for projects located far from citieswith insufficient infrastructure. This land totalled more than 3.5 millionsquare metres, worth some 13.6 trillion VND (596.5 million USD).
This was followed by town houses with 3,726 units worth 8.1 trillion VND (355.3million USD). Unsold apartments stood at 3,613 units, equivalent to 5.2trillion VND (228 million USD). Inventory in commercial land was nearly 697,000square metres valued at 2.6 trillion VND (114 million USD).
Unsold properties in Hanoi were estimated at 5.538 trillion VND (242.89 millionUSD) while Ho Chi Minh City saw total inventory value of 5.518 trillion VND (242.02million USD).
To ensure transparency in the market, the two cities have announced propertyprojects qualified to sell property. From September, 2015 to February, 2017,some 54,512 apartments were available in Hanoi while 32,420 units were eligiblein Ho Chi Minh City.
The Department also said that transaction prices were stable in the two citiesthanks to abundant supply.-VNA
Low-cost housing projects planned by the municipal administration should have the same quality of construction and infrastructure as their commercial counterparts.
Real estate transactions stalled in February due to the Lunar New Year holiday, according to the Ministry of Construction’s Management Agency for Housing and Real Estate Market.
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.
Illustrative photo (Photo: VNA) 
