14,000 billion unallocated public investment; review sand auction

- There is still over 14,000 billion VND of unallocated public investment capital.

There are only more than 2 months left until the end of the 2023 public investment disbursement period. However, there are still dozens of ministries, sectors and localities that have not allocated all of the estimated investment capital of over 14,000 billion VND to works and projects according to the plan. If the disbursement is not timely as planned, it will have a significant impact on growth in many regions and localities (according to VTV).

- Prime Minister requests review of unusually high auction of 3 sand mines

Prime Minister Pham Minh Chinh has just signed and issued Official Dispatch No. 1087 on strengthening the management of auctions of mineral exploitation rights for common construction materials.

The dispatch stated that in Hanoi recently, the auction results for the right to exploit three sand mines in Lien Mac (Bac Tu Liem district), Chau Son and Tay Dang - Minh Chau (Ba Vi district) were many times higher than the starting price, with unusual factors, of special concern to public opinion, which could create an effect on socio-economic development and the construction materials market. The Prime Minister assigned the Chairman of the Hanoi People's Committee to direct the review of the entire process of surveying, assessing mine reserves, preparing documents and organizing the auction of the right to exploit the three sand mines mentioned above (according to Tuoi Tre).

- Buying Vietnamese rice, a country becomes the second largest customer of Vietnam, surpassing China

Preliminary statistics from the General Department of Customs show that in the past 10 months, Vietnam exported 7.05 million tons of rice, with a turnover of 3.95 billion USD. Compared to the same period last year, rice exports increased by 15.9% in volume and increased sharply by 34% in value.

Vietnamese rice 285.jpg — Over the past 10 months, Vietnam's rice exports have increased sharply (Photo: Hoang Ha)

Notably, the Philippines accounted for 35.7% of Vietnam's total rice export turnover in the first 10 months of 2023, holding the No. 1 position. Next are Indonesia and China, accounting for 13.8% and 12.9%, respectively. Notably, due to purchasing a large amount of rice from Vietnam over the past 10 months, Indonesia officially surpassed China to become the second largest customer of Vietnamese rice. In the same period last year, rice exported to the Indonesian market accounted for only 0.9% of our country's total export turnover of this item. (See more)

- Two organizations related to Ms. Dang Thi Hoang Yen transferred nearly 32 million ITA shares

Saigon - Mekong Urban Investment Joint Stock Company, an organization related to Ms. Dang Thi Hoang Yen, Chairwoman of the Board of Directors of Tan Tao Investment and Industry Joint Stock Company (stock code: ITA), reported that it had sold all 31.8 million ITA shares that the company owned from October 26 to November 10 through negotiation. On the other hand, Tan Dong Phuong Construction and Development Investment Joint Stock Company, also related to Ms. Yen, announced that it had successfully purchased the same number of ITA shares that Saigon - Mekong Urban Investment Joint Stock Company sold from October 30 to November 10 (according to Nguoi Lao Dong).

- Shares of the company owning the 5-star hotel Pao's Sapa are about to be delisted

CTX Holdings - Constrexim is considered a real estate giant with many high-end projects, including Pao's Sapa Hotel. However, this business is facing difficulties, its shares have not been traded for the past year and are about to be delisted. (See more)

- Despite high prices, apartments are still sought after

Although the land market is gloomy and apartment prices are sky-high, in recent months, consumers are still looking to buy and invest. The reason is assessed as the limited number of projects, while although apartment prices are high, consumers can still "bear the heat" and that is the real housing demand of the people (according to VTC News).

Gold price today, November 12, on the world market decreased for the second consecutive week. Weekly, world gold price decreased by 2.8%.

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