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VN growth target remains elusive The annual growth goal of 6.7 per cent is likely to remain beyond reach despite an improved economic performance in the second half of the year, says Nguyễn Đức Thành, Director of the Việt Nam Institute for Economic and Policy Research (VEPR). He was speaking at a conference held on…

Top APEC finance officials review priorities NINH BÌNH — Senior financial officials of the 21-nation Pacific Rim APEC grouping reviewed the progress of their recent co-operation activities and will submit the outcome of their talks to the Finance Ministers Meeting in October. The officials’ two-day meeting which ends today in Ninh Bình focuses on the…

City sci-tech market to boost innovation HCM CITY —  The municipal administration plans to have 70 per cent of industrial production enterprises in HCM City invest at least eight per cent of their pre-tax profits in developing and applying new technologies by 2020. City sci-tech market to boost innovation. Officials said the plan reflects the awareness…

Residential service fees unrealistic HÀ NỘI — Service fees at residential buildings in Hà Nội, ranging from VNĐ700 (3 US cents) to VNĐ16,500 (72 cents) per square metre, under the capital’s newly-issued decision are thought to be unrealistic. The decision, approved by vice chairman of the capital People’s Committee Nguyễn Doãn Toản late last week,…

FDI to Việt Nam to increase say officials HÀ NỘI – Foreign direct investment (FDI) inflow to Việt Nam is expected to increase in 2017, said Đỗ Nhất Hoàng, director of the Foreign Investment Agency under the Ministry of Planning and Investment. The most important task for Việt Nam was to select projects proper for the country’s development plans, such…

Central VN woos Euro investors ĐÀ NẴNG — Central Thừa Thiên-Huế and Quảng Nam provinces and their neighbouring Đà Nẵng City  will offer optimal conditions to lure investment from European countries in hi-tech, tourism, logistics, health care and advanced farming. Representatives of the three localities addressed a business forum oganised by the Euro Chamber of…

Housing market keeps developing HCM CITY – The housing market will continue to develop, especially the mid-range apartment and townhouse segments, thanks to the improved quality of the country’s economic growth, experts told a conference in HCM City yesterday. Lê Anh Tuấn, head of research at Dragon Capital Group Limited, told the conference titled “Real-estate:…

Transparency essential to real estate growth HCM CITY – It is necessary for housing developers, contractors, banks and State agencies to co-operate in disclosing information about real estate projects to avoid panicking buyers, experts have said. Experts made their comments during a recent online conference held in HCM City by café land, discussing how to understand mortgaged…

Social houses increasingly abused officials HÀ NỘI – “Why do you want to buy a low-priced social house when you already own a house?” “Because I qualify and I can afford it.” The answers surprised me. Several people whom I know already own a house applied to buy low-priced social houses, too. Yet social houses…

Mortgaged projects safe for buyers experts HÀ NỘI – Taking out mortgages for property projects is a normal practice among developers, and laws would protect the interests of buyers who have bought mortgaged property products, according to experts. Recently, the HCM City Department of Natural Resources and Environment published a list of 77 apartment projects…