Sweetmeat for Tet holidays sold at a supermarket. (Photo: SGGP)

Tet market: Enterprises increase promotional programs to boost consumption

There is only a week left before the peak business season of the year ends. The Tet market this year has seen fierce competition among producers by reducing the price of their products and giving valuable gifts, some products are even sold at cost prices in order to boost consumption.
Real estate supply drops

Real estate supply drops

According to the Department of Construction of Ho Chi Minh City, from the beginning of last year to now, it has verified 42 projects that are eligible to raise capital for future products of 23,046 houses, including 21,821 apartments, 883 houses and 342 villas, worth more than VND56.25 trillion.
Credit quality of real estate sector continues to be controlled

Credit quality of real estate sector continues to be controlled

Mr. Nguyen Hoang Minh, Deputy Director of the State Bank of Vietnam – Ho Chi Minh City Branch (SBV-HCMC Branch), reported to the State Bank of Vietnam (SBV) at a meeting on January 10 that the city’s banking industry’s capital mobilization nearly reached VND2.5 quadrillion last year, an increase of 13.5 percent compared to that in 2018, lower than the country’s total capital mobilization of 14.3 percent.
(Photo: SGGP)

HCMC targets US$ 17.5 billion in budget collection

Ho Chi Minh City was assigned to collect VND 405.83 trillion (US$ 17.5 billion) for the state budget in 2020, a rise of 1.68 percent compared to last year’s estimates, said Chairman of the municipal People’s Committee Nguyen Thanh Phong.