- New proposal on building mini apartments
The Ministry of Construction has just reported on the acceptance, revision and completion of the draft revised Housing Law to be submitted to the Government. In this report, the Ministry of Construction proposed two options for developing individual housing with multi-storey and multi-apartment designs (also known as mini apartments). The Ministry of Construction proposed that mini apartments built for sale or lease purchase must establish a housing investment project to ensure planning, population, technical and social infrastructure indicators.
- Proposing 6 contents in the salary reform roadmap from July 1, 2024
The Government has proposed a roadmap for salary reform for cadres, civil servants, public employees and armed forces with 6 contents (expected to be implemented from July 1, 2024) including: building 5 new salary tables; allowance regime; bonus regime; salary increase regime; funding sources for implementing salary regime; salary and income management. (See more)
- Consider adding capacity for investors participating in the auction
The draft Land Law (amended) prepared for consideration by the National Assembly has clearly stated the cases of auctioning land use rights when the State allocates land with land use fees collected, or leases land with one-time payment for the entire lease term. The draft stipulates the cases of auction, auction conditions, responsibilities of individuals and organizations as well as responsibilities of People's Committees at all levels (according to Thanh Nien).
- Vietnam spends 2.73 billion USD to import cashew nuts
Vietnam currently holds the world's number 1 position in cashew nut exports. However, our country also spends a large amount of money to import cashew nuts to serve the needs of processing for export and domestic consumption. By the end of September this year, our country imported 2.33 million tons of cashew nuts, worth 2.73 billion USD. Compared to the same period last year, imported cashew nuts increased sharply by 42.1% in volume and 16.2% in value. (See more)
- 120,000 billion VND credit package disbursed sluggishly
Although it was implemented since April 2023 with many meetings and instructions from departments and branches, up to now, the VND120,000 billion credit package for social housing development and worker housing has only disbursed a very small part. Experts recommend expanding the lending target to the mid-priced commercial housing segment instead of focusing on social housing (according to Tien Phong).
- EVN Hanoi changes meter reading closing date, will electricity bills increase?
EVN Hanoi has changed the meter reading closing date, the reading date in 21 districts will be implemented from November 30, instead of spreading from the 3rd to the 20th of each month as before. In response to the question of whether changing the meter reading date will increase the amount of money people have to pay, a representative of Hanoi Electricity Corporation (EVN Hanoi) said that the electricity usage of each level will be adjusted according to the actual number of days of the reading period. Therefore, the actual electricity cost that people pay will not change. (See more)
- Request to consider the monopoly of insurance distribution in banking
The State Bank of Vietnam (SBV) has advised commercial banks to consider conducting insurance agency activities with more than one life insurance company. This is one of the notable contents in the official dispatch recently sent by SBV to commercial banks on a number of issues related to credit granting activities, internal control/audit work and insurance agency activities. (See more)
- Banks handle 128.8 trillion VND of bad debt
According to the State Bank of Vietnam, in the first 7 months of 2023 alone, the entire system handled VND128.8 trillion of bad debt, an increase of 46.3% over the same period last year. In addition to handling bad debt on the balance sheet, the results of handling bad debt determined according to Resolution 42 also achieved positive results. (See more)
- The famous dumpling brand in Ho Chi Minh City has changed owners.
In just 3 months, Kido Group increased its ownership of Tho Phat Company to 68% and quickly brought Tho Phat into the ready-to-eat food market such as char siu, chicken curry... With this 68% stake, Kido will take charge of product development techniques and diversify Tho Phat's product portfolio (according to Ho Chi Minh City Law).
- Vinaconex gave up investing in a super project in Cat Ba, taking home 2,200 billion
According to the information just announced, Vinaconex Tourism Investment and Development Joint Stock Company (Vinaconex) terminated the cooperation contract with the project owner in Cat Ba. This tycoon will be refunded 2,200 billion VND. (See more)
- Thien Minh Tourism lost the ability to pay bonds
Thien Minh Tourism JSC of Mr. Tran Trong Kien has temporarily suspended the Kite Air aviation project, focusing on hotel investment. However, this enterprise is slow in paying principal and interest on bonds, and is negotiating with bondholders to extend the term. (See more)
On the stock market , on October 10, VN-Index recovered for the third consecutive session. VN-Index increased by 6.33 points to 1,143.69 points. Order matching liquidity on HoSE was the highest in the past 5 sessions.
The bank USD price increased slightly today. The central exchange rate decreased by 6 VND compared to the previous session. The world USD price increased slightly. The USD price on the free market turned to decrease sharply.
Gold prices on the world market continued to increase sharply today due to investors' demand for shelter from Hamas' military attack on Israel. Domestically, SJC gold this afternoon skyrocketed, surpassing DOJI gold prices.
World oil prices today remain at the high level set at the beginning of the week. Brent oil prices are at 87 USD/barrel, WTI oil prices are up to 86 USD/barrel.
Today's bank interest rates show Viet A Bank reducing interest rates for the second time in October. Since the beginning of October, 13 banks have reduced deposit interest rates.
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