Real estate firms’ profits plummet on pandemic woes
Property companies listed on the Hanoi Stock Exchange reported a 79.4 percent year-on-year fall in profits in the first half due to the Covid-19 outbreak.
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The Ho Chi Minh City People’s Committee announced the direction of the city's chairman Nguyen Thanh Phong to implement the government's decision on piloting smart city government and forming Thu Duc City.
The first seven months of the year witnessed foreign direct investment (FDI) into Vietnamese real estate stand at $2.8 billion, according to figures released by the Ministry of Planning and Investment.
Vietnam has decided to cancel a $390-million loan from the Asian Development Bank meant to fund the second metro line in Ho Chi Minh City.
Property companies listed on the Hanoi Stock Exchange reported a 79.4 percent year-on-year fall in profits in the first half due to the Covid-19 outbreak.
The government will seek advices from foreign investors, representatives from tech, finance, real estate firms on building the city, which will be merged from 3 eastern districts of Ho Chi Minh City.
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