Land price has reduced fever in HCMC outskirts after city leaders required police agency to investigate land price fever and tackle brokers for spreading false rumors to rocket the prices and make profit.
The Vietnamese stock market has reached nine year peak with the strong purchase from foreign sector, who has posted the net purchase of VND3,478 billion (US$153 million) on two bourses in the first quarter.
The stock market will likely continue its losing streak this week as investors stay cautious ahead of the US Federal Reserve’s meeting. The sharp drop in oil prices during the last three sessions will also be a dampener, analysts say.
Stock market capitalization had so far reached VND2,260 billion (US$99.13 million) equivalent to 50.3 percent Gross Domestic Product and up 16 percent over last yearend, the highest level after 20 years of the market establishment, reported chairman of the State Securities Commission (SSC) of Vietnam Vu Bang.