- Experts suggest not pricing land 'following the market'
At the first workshop: "Land management and land price determination - Inadequacies from practice and through state audit activities" organized by the State Audit on the morning of October 18, some experts said that the State needs to determine land prices, decide on land prices to regulate the market, not to set land prices following the market. From there, improve national competitiveness in attracting investment, especially attracting FDI capital (according to Lao Dong).
- Public investment disbursement becomes more difficult due to lack of sand.
On the morning of October 18, the State Audit organized a seminar on public investment to point out bottlenecks and solutions. According to some delegates, in addition to old bottlenecks such as site clearance, appraisal and planning, public investment projects also face the problem of sand shortage (according to VnExpress).
- From tomorrow, large amounts of money will begin to be pumped back into the market.
Tomorrow (October 19), nearly VND10,000 billion of treasury bills that the State Bank issued on September 21 will officially mature, and the corresponding amount of VND will be pumped back into the system. For 20 consecutive sessions since September 21, the State Bank has issued treasury bills with a term of 28 days, with a total value of nearly VND255,700 billion (according to Nhip Song Thi Truong).
- Many fake Facebook accounts of Ho Chi Minh City Stock Exchange were discovered.
Ho Chi Minh City Stock Exchange (HoSE) has just informed that recently, HoSE has discovered a number of fake Facebook accounts of HoSE. HoSE recommends that investors when participating in social networking sites should pay attention and carefully read official information, be cautious to avoid being scammed in securities trading activities (according to Nguoi Lao Dong).
- Deputy Minister Phung Duc Tien: Livestock farming is losing money, 'eating' all the land books and cars
Our country's pig farming ranks 5th in the world, with the largest poultry herd in the world. However, Deputy Minister Phung Duc Tien pointed out the reality, in recent years there have been heavy losses, livestock farming has "eaten" all the land use right certificates, "eaten" all the vehicles. (See more)
- VinFast shares increased slightly
VinFast shares rose in the early session on October 17 on the US stock exchange. Accordingly, VinFast Auto's capitalization is at 15.67 billion USD, the electric car brand of billionaire Pham Nhat Vuong ranked 26th in the list of car manufacturers in the world. VinFast wants to expand to 50 markets by the end of 2024. (See more)
- Mr. Duc sells hotel in central Pleiku
Hoang Anh Gia Lai Group (HAGL) has just updated its business performance in the first 9 months of 2023. Accordingly, in the third quarter of 2023, HAGL's after-tax profit was VND 324 billion, a sharp increase of 3 times compared to the previous quarter thanks to the liquidation of assets worth VND 180 billion. Previously, on September 30, the Board of Directors approved a resolution to sell assets attached to land, which is the HAGL hotel project in Pleiku city, Gia Lai province.
- HDBank appoints deputy general director
HDBank has just appointed Mr. Tran Xuan Huy as Deputy General Director, Chief of Office of the Bank's Board of Directors, and Project Director, for a period of 1 year from October 16 (according to Lao Dong).
- Tycoon Le Xuan Truong is about to build a tourist area in Tam Dao National Park.
It is expected that from February 2024, Nam Tam Dao Joint Stock Company, with tycoon Le Xuan Truong as General Director, will deploy Eco-tourism Area No. 2 with a scale of 68 hectares, located in Tam Dao National Park. The total investment of this tourist area is more than 731 billion VND, of which the investor's own capital is 181 billion VND, the remaining 550 billion VND is capital mobilized from banks. (See more)
- Hanoi Vodka Company Owner Suffers Continuous Losses
According to a recently released report, the owner of Hanoi Vodka, Hanoi Alcohol and Beverage Joint Stock Company (Halico), continues to operate at a loss. Accordingly, sales and service revenue in the third quarter reached VND22.8 billion. After deducting expenses, after-tax profit was negative VND2.28 billion, while in the same period last year it only lost VND1.36 billion. This is the 26th consecutive quarter that Halico has operated at a loss. (See more)
The central exchange rate today increased by 3 VND. The USD price at commercial banks continued to increase, the selling price at some banks exceeded 24,700 VND. Meanwhile, the world USD price stagnated.
Oil prices on the world market today turned up after falling in the previous two sessions. Brent oil prices approached 92 USD/barrel, while WTI oil prices were close to 89 USD/barrel.
The stock market on October 18 continued its sharp decline from yesterday. The VN-Index lost
more than 18 points, almost lost the 1,100 point mark. The most tragic thing in the session was real estate stocks. A series of stocks hit the floor.
Today's bank interest rates show that HDBank, PG Bank and Nam A Bank have reduced their deposit interest rates for the second time since the beginning of October. Interest rates have dropped sharply in the context of approaching maturity of credit notes.
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