- Hanoi apartments average over 50 million VND/m2

Regarding the housing market, CBRE said that Hanoi has a total supply of new apartments in 2023 reaching 11,400 units, the lowest level in the past 10 years, of which 90% are in the high-end segment. The average price of newly launched apartments increased by 14% year-on-year and reached about 50.8 million VND/m2 (according to VTV).

- Deputy Governor: SJC gold price is 20 million VND higher than world price, which is unacceptable!

At the press conference on the implementation of the banking sector's tasks in 2024 held on the morning of January 3, a representative of the State Bank of Vietnam (SBV) shared about the management of the gold bar market. The Deputy Governor of SBV said that it is unacceptable that the difference in gold price with the world price is up to 20 million VND/tael as in the past. The fact that the world gold price increases by 1 while the domestic price increases by 3 is unacceptable. (See more)

- Deputy Governor: VND will only depreciate by 2% in 2023

According to Deputy Governor Dao Minh Tu, in 2023, the value of VND will continue to be maintained, only losing about 2%, while in many large countries, the value of the currency will lose more than 10%. This is the figure announced by the Deputy Governor at the press conference to deploy the banking tasks in 2024. (See more)

- Why did the State Bank assign all credit targets at the beginning of the year?

Unlike previous years, for the first time, the State Bank has assigned the entire credit growth target of 15% from the beginning of 2024. This is a somewhat bold decision by the State Bank in providing capital to serve the economy. By assigning the entire credit growth target of 15% from the beginning of the year, the message of the State Bank is that commercial banks must be more decisive, stronger, and more responsible. (See more)

- Worried about power shortage, Ministry of Industry and Trade asks EVN to make monthly response plan

The Ministry of Industry and Trade has approved and issued a plan for electricity supply during the peak months of the dry season, requiring Vietnam Electricity (EVN) to develop plans and scenarios to control and respond to difficulties in electricity supply, with reserves to ensure response to extreme situations and incidents. During this year's dry season, the Ministry of Industry and Trade requires EVN to develop a monthly electricity supply plan (according to Thanh Nien).

- Ministry of Industry and Trade directs to strengthen inspection of petroleum business activities

Minister of Industry and Trade Nguyen Hong Dien has just signed and issued a Directive to implement the Prime Minister's Official Dispatch No. 1437/CD-TTg on focusing on implementing solutions to ensure adequate supply of gasoline and oil for production, business and consumption of people and businesses. In the Directive, the Minister of Industry and Trade requested the Domestic Market Department to closely monitor the implementation of the total minimum gasoline and oil source in 2024 of the main gasoline and oil traders (according to Nguoi Lao Dong).

- Proposal not to bid for projects that have not yet cleared the land

The Ho Chi Minh City Real Estate Association (HoREA) has just sent a document to comment on the regulations on bidding for projects using land in the draft Land Law (amended). Commenting on the regulations on bidding for projects using land in the draft Land Law, HoREA proposed not to bid for projects that have not yet cleared the land; to remove the regulation that the provincial People's Committee must carry out compensation and resettlement support to allocate land to the winning investor. (See more)

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HoREA recommends not to bid for projects that have not yet cleared land. (Photo: Hoang Ha)

- Unsuccessful auction of the hundred billion debt of tycoon Huy 'the engine'

On the afternoon of January 3, Agribank Nam Da Nang branch confirmed that the auction of the debt of Southern Machinery Installation Service and Trading Company Limited, whose director is Mr. Le Ba Huy (also known as Huy "the generator"), was unsuccessful. The bank announced the auction of the debt of more than 355 billion VND of tycoon Huy "the generator" with a starting price of 246 billion VND but it was... unsold (according to Tuoi Tre).

- Who is the joint venture contractor of the 16,000 billion Yen Xa wastewater project proposed for inspection?

The joint venture of An Xuan Thinh Construction and Trading Joint Stock Company - Song Da 9 Joint Stock Company has surpassed 2 contractors to win packages 3 and 4 of the Yen Xa Wastewater Treatment System Project (Hanoi). Currently, the progress of package 3 has only reached 18% of the construction volume of D400 sewer pipes, 62.5% of the construction of manholes and more than 76% of the separation wells. (See more)

- The trillion-dollar project related to the Chairman of Lam Dong province has just been arrested

The billion-dollar Dai Ninh Urban Area project of tycoon Nguyen Cao Tri was identified as being related to the bribery of the Chairman of Lam Dong Provincial People's Committee. After 13 years of being allocated land, Saigon Dai Ninh Company has not yet been fully invested and has been "inactive" for many years. Up to now, the project's progress has only reached nearly 10%. (See more)

- Two multi-level marketing companies in Ho Chi Minh City were fined 395 million VND.

The National Competition Commission has just announced that it has administratively fined two multi-level marketing companies, Kyowon The Orm Vietnam Co., Ltd. and Total Swiss Vietnam Co., Ltd., a total of VND395 million, for failing to comply with the law on multi-level marketing (according to Nguoi Lao Dong).

- A listed real estate company was fined nearly half a billion dong.

The State Securities Commission has just issued a decision to impose administrative sanctions in the field of securities and the securities market on the Construction Development Investment Corporation (DIC Corp - stock code DIG) with a total fine of 470 million VND for violations of information disclosure in the field of securities (according to Nguoi Lao Dong).

- In a perfunctory manner, a series of solar farm owners 'avoid' inspection teams

The People's Committee of Krong No District (Dak Nong) has just discovered that agricultural production under some solar power projects is only a temporary measure. Notably, when the inspection team arrived, the owners of the units were not present despite being sent invitations and called in advance. (See more)

The stock market on January 3 recorded the VN-Index increasing by 12.45 points to 1,144.17 points. Most sectors performed positively, especially the banking group.

The central exchange rate on January 3 was 23,848 VND/USD, up 38 VND compared to the previous session. The USD price at commercial banks on January 3 increased slightly, listed at the end of the session at 24,150 VND/USD (buy) and 24,520 VND/USD (sell). The international USD price also increased.

Today's gasoline and oil prices on January 3 in the international market tend to recover after plunging nearly 2% in the first trading session of 2024.

Today's gold price on the world market reversed and decreased, while the domestic SJC gold bar price increased by 500,000 VND, up to 75.5 million VND/tael, although it is still far from the historical peak recorded at the end of 2023.

Bank interest rates on January 3 continued to witness a series of banks reducing deposit interest rates. After only the first two working days of the new year 2024, 5 banks announced interest rate reductions.