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Over 600,000 workers returning hometowns not working for FDI employers

Most of 600,000 workers who migrated to their hometowns in southern provinces work outside industrial zones and do not work for FDI enterprises, according to the preliminary report from labour ministry.

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Vietnam’s real estate developers in race for larger land banks

While COVID-19 pandemic posed challenges the economy, real estate developers saw opportunities to expand their land banks by actively acquiring new land for their mid and long-term expansion.

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Vietnam’s real estate hit by pandemic lockdown

Most of real estate sectors have experienced the most special quarter in decades with the impact of the COVID-19 pandemic, according to Vietnam Real Estate Market Research Report released by Colliers Vietnam.

News

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Ho Chi Minh City receives $5.1 bln remittances in nine months, up 22%

Remittances sent to Ho Chi Minh City in the first nine months of the year reached $5.1 billion, an increase of 22 percent from a year ago.

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Over 600,000 workers returning hometowns not working for FDI employers

Most of 600,000 workers who migrated to their hometowns in southern provinces work outside industrial zones and do not work for FDI enterprises, according to the preliminary report from labour ministry.

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PetroVietnam’s subsidiary to build two offshore wind power substations in Taiwan

A consortium consisting Denmark-based Semco Maritime A/S and PetroVietnam Technical Services Corporation has been selected to build two offshore substations for two wind projects in Taiwan.

Economy

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Public debt exceeds VND4 quadrillion, VND5 quadrillion threshold near

Public debt is anticipated to increase rapidly in 2022-2024, exceeding the VND4 quadrillion threshold and getting closer to VND5 quadrillion.

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Vietnam targets 2022 economic growth at 6-6.5 percent

The growth rate of gross domestic product was expected at about 6-6.5% in 2022, Prime Minister Pham Minh Chinh told legislators during the National Assembly meeting starting on Wednesday morning in Hanoi.

Companies

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Masan increases its 2021 cash dividend by 20% to VND1,200 per share

Masan Group has announced an increased to its cash dividend for the 2021 financial year by 20% to VND1,200 per share.

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Masan Group’s imprint at the Asian Corporate Excellence & Sustainability Awards 2021

On 19th November 2021, Masan Group received the Community Initiative Award at the Asian Corporate Excellence & Sustainability Awards (ACES) 2021.

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South Korea’s SK Group raises ownership at Masan’s subsidiary to 4.9%

The third-largest chaebol in South Korea has injected $340 million to Masan Group’s The CrownX, raising ownership in the company to 4.9%, according to a statement from the Vietnamese conglomerate.

Market

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Finance ministry announces roadmap to reorganise stock market

Minister of Finance plans to rearrange the securities trading market in a newly-promulgated Circular, a move towards the merging two national stock exchanges into one named the Việt Nam Stock Exchange.

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Masan gets approval to remove foreign ownership limit

Vietnam’s private conglomerate Masan Group has got approval from the State Securities Commission to raise foreign ownership limit to 100%, according to a statement posted on its website.

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Casino operator stock skyrockets despite sustained losses

Ticker RIC of the Royal International Corporation has surged 755 percent since January despite the company reporting losses for years.

Real Estate

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New trends identified for real estate market in 2021

Vietnam's real estate market is forming new trends with many prospects.

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Shophouse Metro Star is on right track to finish with Metro Line 1

A shophouse linking near Metro Station 10 of HCMC’s first metro line is on right track to finish. The shophouse accommodates all shopping and entertainment activities of residents and metro commuters.

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Vietnam’s real estate developers in race for larger land banks

While COVID-19 pandemic posed challenges the economy, real estate developers saw opportunities to expand their land banks by actively acquiring new land for their mid and long-term expansion.

World

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Jeff Bezos to Step Down as Amazon CEO; Andy Jassy to Take Over

The company announced changing roles as it reported that revenue in the fourth quarter soared 44% to $125.56 billion

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China failed to buy agreed amounts of U.S. goods under ‘phase one’ trade deal

China has so far failed to meet its committed purchases of U.S. goods under the “phase one” trade deal that it struck with the Trump administration.

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Signal and Telegram downloads surge after WhatsApp says it will share data with Facebook

Downloads of privacy-focused messaging apps Signal and Telegram got a boost as users looked for alternatives to Facebook-owned WhatsApp over concerns about changes to the service’s privacy policy.