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Morning Digest
The Saigon Times Daily
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Morning Digest

The Saigon Times Daily

Condo buildings are seen in HCMC's Binh Thanh District. HoREA says no grounds for property crisis for now - PHOTO: TL

No grounds for property crisis for now, says HoREA

Following worries that the property market is entering the ten-year crisis cycle, a representative of the HCMC Real Estate Association (HoREA) said that there are not sufficient grounds to conclude a property crisis will recur.

VNA to build logistics center in Cantho City

National flag carrier Vietnam Airlines (VNA) on Friday signed an agreement with Can Tho City People’s Committee for building an aviation logistics center project in the city, covering an area of some 27 hectares near Can Tho International Aiport. The project aims to improve  transportation and trading activities, as well as promote logistics services in the Mekong Delta region.

Mekong Capital divests investment from Asia Chemicals

Mekong Enterprise Fund II, a unit of Mekong Capital, has completely divested its investment from Asia Chemicals Corporation (ACC) and fetched US$8.9 million, a 2.6-fold increase over the initial investment after seven years.

FastGo expects to grab ride-hailing market share of 30-40%

FastGo Vietnam Co Ltd expects to gain a market share of 30-40% in the local ride-hailing market within two years, a representative of the company said at the launching ceremony of FastGo, a ride-hailing app, on August 10.

State-owned shipbuilder SBIC may lose VND2.8 trillion

The State-owned Vietnam Shipbuilding Industry Corporation (SBIC) said in its first-half production and business report that the holding company may incur a net loss of over VND2.8 trillion (US$124 million) while its revenue is estimated at VND2.32 trillion this year.

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Deputy Editor-in-Chief: Pham Huu Chuong
Managing Editor: Nguyen Van Thang.
Assistant Managing Editor: Pham Dinh Dung.
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