News

Chinese companies are accelerating investment in Viet Nam – but some local businesses are voicing concerns.

Banks have been told to pay more attention to property lending, following the policy of the State Bank of Vietnam (SBV) to revise upward the credit risk coefficient applied to loans for buying houses worth over VND3 billion.

The local stock market is forecast to move in the range of 940 and 965 points next week when major local and world economic events take place, according to BIDV Securities JSC.

Realty credit has soared compared with that of last year. Realty inventories have piled up, signaling rising risks. While inventories are hardly surprising, it remains to be seen how firms will deal with huge debt and rising inventories.

The departures of the 24-hour convenience store chain Shop & Go, the e-commerce site Robins.vn and now the supermarket chain Auchan mirror the fierce competition in Vietnam’s retail market. Those players who are financially weak or unclear about consumers’ fast changing shopping habits will leave sooner or later.

"Decree 20 also gives the tax authorities the power to use internal databases for TP assessment purposes in the case of a taxpayer being deemed non-compliant with the requirements of the decree."

University students are coming up with creative ways to promote financial literacy in Vietnam, aiming to help their peers get a hold of their personal finances.

Vietnam’s increasing demand for energy, and the country’s large opportunities in wind energy, has caused many investors to turn their attention to Vietnam over the past few years.

Indochina Strategic, Indochina Capital’s real estate advisory arm, was recently recognised as one of Vietnam’s best property consultancy firms at the IPAX Asia Pacific Awards in Bangkok.