Việt Nam’s real estate prices over the past five years rose by 59 per cent, higher than the rate in many developed countries such as the US (54 per cent), Australia (49 per cent), Japan (41 per cent) and Singapore (37...
The retail prices of petrol were revised upward on November 28 afternoon following the latest adjustment by the Ministries of Industry and Trade and Finance.
The Ministry of Construction''s statistics showed that in major cities including Hà Nội and HCM City, apartment prices continued to increase in the third quarter of this year by around 4-6 per cent or 22-25 per cent from the beginning...
SJC gold bullion rose by VNĐ1 million per tael (US$39.56 per tael) from the previous session to VNĐ88 million for buyers and VNĐ90 million for sellers.
HCM City authorities have d land prices to over VNĐ687 million (US$27,000) per square metre in central districts and VNĐ2.3 million on the outskirts, up four to 38 times compared to previous rates.
Traders attribute the price increase and the sustained high levels over recent months to China’s shortage of domestic areca nut supply, leading to an uptick in imports from Việt Nam.
Amending tax policies related to the real estate market will be among solutions to prevent speculation and swing trading in an effort to stabilise land and housing prices, the Ministry of Construction said at a press conference on Thurday.
A scarcity in supply has drawn the attention of corporations and businesses involved in processing and importing to focus on cocoa-growing regions in Việt Nam.
The average electricity retail price has been increased by 4.8 per cent to VNĐ2,103.11 (US$0.085) per kWh, triggering concerns about its impact on residential and business lives.
Steel production in China decreased to 77.9 million tonnes in August from nearly 83 million tonnes in July. Its steel imports dipped by 9 per cent year-on-year in July.
Gold prices may see some minor increases in the coming months but in the long run, the precious metal will likely lose its appeal, said industry experts and policymakers.