- Apartment prices increase sharply

Although the real estate market has continued to stagnate since the beginning of the year, with many segments showing signs of decline or even "freezing", apartment prices have continued to increase. A report by Savills Vietnam shows that in just the past 4 years, apartment prices have increased by 77%. A survey of the Hanoi market shows that in the past 4 years, many apartment buildings have nearly doubled in price (according to VTC News).

- After the 'soft landing', the corporate bond market is warming up

The corporate bond market in 2024 will continue to improve its institutions and is forecast to enter a new phase of development, more effective, safe and sustainable after a difficult year. (See more)

- Vietnam ranks 43rd in the logistics performance index

According to the World Bank's report published in 2023, Vietnam ranked 43rd in the logistics performance index, among the top 5 countries in ASEAN. According to the Vietnam Logistics Services Association (VLA), Vietnam's current average logistics costs are at 16.8-17% of GDP, much higher than the world average of 10.6%. Meanwhile, domestic logistics infrastructure still has many limitations, lacks synchronization and connectivity; seaport planning is still inadequate, there are no hub ports... (according to VTV Digital/VNA).

- Ministry of Finance requests localities to coordinate in managing the issuance of gasoline invoices

The Ministry of Finance has just sent an official dispatch to the Chairman of the People's Committee of provinces and centrally-run cities requesting coordination in directing the management and use of electronic invoices for petroleum business and retail activities.

- VCCI: Regulations restricting 'thin capital' are unreasonable, negatively impacting Vietnamese enterprises

After consulting with businesses and experts, the Vietnam Federation of Commerce and Industry (VCCI) has just sent the Ministry of Finance suggestions to amend and supplement Decree 132/2020/ND-CP on tax management for businesses with related-party transactions. VCCI affirmed that the Ministry of Finance's restriction on loan costs has a negative impact on the formation of domestic economic groups. (See more)

- 1,500 billion VND debt of real estate and assets, bank offers cheap price less than 1/10

The principal debt is over 567 billion VND, including accrued interest, the debt value is up to 1,500 billion VND. However, the bank only hopes to collect 142 billion VND from selling this debt. (See more)

- Exclusive sale of gold bars at high prices, giant SJC makes surprisingly modest profits

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Domestic SJC gold price is tens of millions of VND/tael higher than world gold price.

SJC is the exclusive enterprise that produces SJC gold bars. This brand has a selling price 10-18 million VND/tael higher depending on the time compared to other brands. However, this exclusive gold giant has unimpressive business results. (See more)

- SCB Bank closes many transaction offices from tomorrow

Saigon Commercial Joint Stock Bank (SCB) will cease operations of many transaction offices in Ho Chi Minh City from December 6, including: Thi Nghe Tan Dinh branch, Hiep Thanh transaction office Hoc Mon branch, An Hoi transaction office Hoc Mon branch, Luy Ban Tich transaction office Thong Nhat branch (according to Tien Phong).

- LDG shares change hands at highest level in history after chairman's arrest

Today, trading on the market slowed down significantly compared to yesterday's explosive session. Although foreign investors sold a record net amount of VND1,622 billion, domestic cash flow was able to support it in time. Notably, LDG shares were "rescued" during the market correction session (according to Tien Phong).

- Debate on the world's best rice, organizers announced ST25 rice won first prize

In the face of controversy over ST25 rice or all 6 types of Vietnamese rice being the best rice in the world for nearly a week, the competition organizers today announced that Mr. Ho Quang Cua's ST25 rice won first prize. (See more)

- Two businesses were fined more than 88 billion VND for taxes and invoices.

Postal Construction Materials Joint Stock Company announced that the Hanoi Tax Department issued a decision to fine the company for invoices and collect 553 million VND in tax arrears due to false declarations leading to a shortage of tax payable. TKV Minerals Corporation was issued a decision by the General Department of Taxation to fine the company for tax violations due to false declarations leading to shortages in value added tax, tax arrears, and corporate income tax payable in 2020. The company was fined and had to pay a total of more than 87.5 billion VND by the tax department (according to Nguoi Lao Dong).

- A series of businesses in Lang Son were fined for environmental violations.

Many enterprises and units in Lang Son have just been administratively sanctioned by the Ministry of Natural Resources and Environment for their involvement in dust and gas emissions. The Ministry has also just decided to inspect the environmental protection of a number of mining enterprises in Lang Son. (See more)

- Near Tet, farm owners are sad, losing tens of millions to billions of dong per pig batch.

The end of the year is considered the peak consumption season, but the price of live pigs has still "hit rock bottom" and has not shown any signs of recovery, causing heavy losses for farmers. (See more)

Today, December 5, the international oil price has not stopped the downward trend that has lasted since last weekend. Brent oil price is at 78 USD/barrel, while WTI oil price is at 73 USD/barrel.

The stock market on December 5 recorded a decrease of 4.52 points for the VN-Index, down to 1,115.97 points. The market appeared quite excited at the beginning of the session but gradually weakened due to the overwhelming selling pressure from foreign investors.

The central exchange rate on December 5 decreased by 13 VND. The USD price at commercial banks today increased slightly, closing the session listed at 24,060-24,430 VND/USD (buy - sell). Meanwhile, the world USD price reversed and decreased slightly.

Gold prices on the world market today dropped dramatically after reaching a new record. Strangely, the domestic gold bar price, although falling sharply at the beginning of the session, then rebounded, reclaiming the 74 million VND/tael mark. The domestic gold ring price dropped sharply, with some brands dropping by 650 thousand VND/tael, far from the 63 million VND/tael mark.

Bank interest rates on December 5 recorded a bank slightly reducing interest rates for two deposit terms. However, some banks still apply 'special interest rates' for large deposits.