HCMC to revive pending real estate projects

After a recent meeting held between Ho Chi Minh City leaders and real estate business owners, a number of pending housing investment projects are set to revive.

A corner of Thai Nguyen iron and steel factory.

Slow pace in restructuring of state owned enterprises

Privatization and Divestment from State Owned Enterprises (SOEs) is one of the more effective strategies to restructure the economy, and one which will create a huge positive influence on the public sector. However, so far the effectiveness of this process has been limited given the slow pace of progress.

PGBank is one of the few banks that posted a negative deposit growth in 6M/2019.

Deposit raising main target of most banks

In the first half of 2019, the deposit growth was lower than in the same period last year. Some banks even posted a negative growth in their deposits. The deposit raising competition is expected to be even more fierce in the second half as most banks are under pressure to raise funds for lending as well as to meet the requirement of State Bank on the ratio of short term deposits to long term loans.

Symbols in front of HCMC Stock Exchange. Photo: Quang Trong

Locating Vietnam Stock Exchange

On 7 January 2019, the Prime Minister issued a Decision 32/QD-TTG, approving the plan to establish the Vietnam Stock Exchange based on a parent-subsidiary model and the reorganization of the Ha Noi Stock Exchange (HNX) and the Ho Chi Minh Stock Exchange (HOSE). As per this Decision, HNX and HOSE will be turned into two subsidiaries of the Vietnam Stock Exchange, which means there will be three stock exchanges in Vietnam, one parent company and two subsidiaries.

Illustrative photo.

Conflicting regulations impede investment projects

Over the last few years, the government has put in much effort in improving the legal framework for a robust business environment. Earlier, the government had issued Decision 35 on a new business development strategy and also encouraged increased business competitiveness through Decision 19 and Decision 02.

SCB representative presented flowers to artists participating in the program “Cai Luong-Hundred Years of Origin”.

Benevolent patronage sustaining Cai Luong

It is believed that without strong financial patronage, you cannot achieve a peak in the arts. The art of Cai Luong is an active example. If there is no support from sponsors, Cai Luong will find it difficult to sustain itself and stay relevant for future generations.

State Bank of Vietnam.

Hard for Vietnam to Cut Lending Interest Rate

Many central banks across the globe have followed FED and cut their interest rates. However, this trend is not expected to impact Vietnam’s monetary policy, meaning there will be no interest rate cut like in other countries.