Maximum deposit 5% of selling price; Real estate Tet bonus at record low

- Real estate project investors are only allowed to collect deposits of no more than 5% of the selling price.

On the morning of November 28, with 465/469 delegates voting in favor, the National Assembly passed the amended Law on Real Estate Business. Before the National Assembly voted to pass the law, the draft law had new regulations on deposits and payments for future housing purchases (on paper).

Specifically, real estate project investors are only allowed to collect deposits of no more than 5% of the selling price, lease-purchase price of houses, construction works, and construction floor area in construction works from customers when the houses and construction works have met all the conditions for putting into business according to the provisions of this law. (See more)

- Real estate businesses give unprecedented low Tet bonuses

This year, the real estate market is in deep trouble, many businesses have no revenue. Accordingly, the Tet bonus for real estate businesses is forecast to be at an unprecedented low, many businesses are struggling to pay salaries for employees (according to Tien Phong).

- Ministry of Industry and Trade proposes electric vehicle charging stations to be paid for at business electricity prices

The Ministry of Industry and Trade has proposed to add a group of customers using electricity for the purpose of charging stations and electric vehicle posts. There are 3 options for electricity prices for electric vehicle charging activities according to the draft decision regulating the retail electricity price list (according to Thanh Nien).

- Attracting foreign investment increased

According to the Ministry of Planning and Investment, foreign direct investment (FDI) attraction in 11 months reached nearly 29 billion USD, up nearly 15% over the same period last year. In 11 months, the realized capital of FDI projects reached 20.25 billion USD, the highest in the period 2018-2023. (See more)

- Tightening anti-transfer pricing, domestic enterprises worry about thin capital

Regulations against transfer pricing and thin capital do not have much impact on FDI enterprises. Meanwhile, domestic enterprises face difficulties and risk of capital shortage. (See more)

- Chinese Minister of Commerce talks about removing restrictions on Vietnamese lobster exports

Regarding the problem of exporting Vietnamese spiny lobsters, according to the Chinese Minister of Commerce, the competent authorities of the two countries need to promptly carry out inspections and assessments of enterprises and growing areas so that spiny lobsters can be exported to China. (See more)

- Weather forecast for specialized areas, hydroelectric dams release flood

With in-depth weather forecasts for major growing regions across the country, farmers can proactively plan their crops in the most effective way, ensuring both good harvests and good prices. (See more)

- Over 1 million farming households in the West participate in growing high-quality rice.

Deputy Prime Minister Tran Luu Quang has just signed a decision approving the Project "Sustainable development of 1 million hectares of high-quality and low-emission rice cultivation associated with green growth in the Mekong Delta by 2030". (See more)

- Before Ms. Truong My Lan was arrested, SCB bank won 72 'best' awards

three of the 2022 prizes 1667.jpg — Three of the titles SCB received in 2022.

In just 8 years, from 2015-2022, SCB has been awarded 72 "prestigious" awards by domestic and international organizations with the phrases "top", "best in Vietnam". The fact that a bank is considered weak and monopolized by an individual like SCB but receives "a shower of awards" from domestic and international organizations causes many conflicting interpretations. (See more)

- Tycoon Dang Van Thanh's company wants to issue 500 billion VND in bonds

Thanh Thanh Cong - Bien Hoa Company of the family of "sugar king" Dang Van Thanh plans to issue 500 billion VND in bonds with an interest rate of 10.5%/year for the first 4 interest periods (according to Dan Tri).

Steel stocks increase sharply, group bosses rush to buy and sell big

Mr. Tran Ngoc Chu, Vice Chairman of the Board of Directors of Hoa Sen Group (HSG) registered to sell 1.5 million shares. The transaction is expected to take place from November 27 to December 22. HSG shares recovered strongly, increasing 32.5% after 1 month. (See more)

- Son La specialty fruit cannot be picked in time to sell, in Hanoi the most expensive is 1 million/kg

On the highlands of a mountainous district in Son La province, farmers are busy harvesting ripe, plump strawberries. This specialty fruit is being shipped to Hanoi at sky-high prices, some varieties cost up to 1 million VND/kg. (See more)

- Billionaire lobster farmers in Van Phong Bay are in dire straits.

People are in dire straits as lobsters raised in Van Phong Bay (Khanh Hoa) weighing 0.7-1 kg cannot be sold because China has stopped importing them. Meanwhile, cage owners have to hire workers, food costs a lot and the risks are high. (See more)

The price of gasoline and oil on the international market today, November 28, has not stopped falling. Oil prices have slid to the 80 USD/barrel mark.

The central exchange rate on November 28 decreased by 17 VND. The USD price at commercial banks today fluctuated little, closing the session listed at 24,050-24,420 VND/USD (buy - sell). The world USD price decreased slightly.

The stock market on November 28 recorded the VN-Index increasing by 7.37 points to 1,095.43 points. Trading today was somewhat more positive as liquidity improved significantly, but overall market sentiment remained relatively cautious as demand remained at a tentative level.

The world gold price today increased slightly, approaching the highest level in the past 6 months. The domestic gold bar price increased sharply, with some brands increasing by up to 1 million VND/tael, approaching the old peak. The gold ring price also increased rapidly, reaching the highest level ever.

Bank interest rates today, November 28, recorded two banks reducing deposit interest rates, BaoVietBank and BVBank. Since the beginning of November, 27 banks have reduced deposit interest rates.

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