A trade promotion conference between Vietnam and India was held on December 12 in Ho Chi Minh City, aiming to foster trade and industrial cooperation among the business communities of the two countries.
While the gloomy outlook also haunted the city's apartment market with sales plunge, investors are seeking houses in existing residential areas with available social infrastructure such as markets, and schools to buy.
Correction of stock market in recent months has caused speculative stocks to plummet. Many investors have moved out of the stock market due to poor speculation and hot stocks introduced by securities with the nickname A7.
After the market recovered for three consecutive trading sessions at the end of last week and stopped falling free during the week, many investors have felt less worried. Current market movements have partly brought hope to investors.
Mr. Tran Van Lau, Chairman of the People's Committee of Soc Trang Province, on May 16, said that the province had been urgently taking action to resolve difficulties and problems in wind power projects in the area.
Many individual investors lost their money when the stock market dropped sharply in April this year. This has led to an analysis of the workings of securities companies, and ways to bring about more transparency in their dealings.
Prime Minister Pham Minh Chinh, on the afternoon of April 22, chaired a conference on developing a safe, transparent, efficient, and sustainable capital market to stabilize the macro-economy and ensure major balances of the economy.
While the South and East of HCMC have strongly developed, the city's Northwestern area has not yet developed its potential and advantages. The municipal government has called for investment in projects in Cu Chi and Hoc Mon in the region to turn the area into a modern ecology city.
Ho Chi Minh City authorities are currently consulting experts and investors on the establishment of a Vietnam International Finance Corporation (IFC) to promote its growth as the economic hub of the country.