- Proposal to expand the target group for social housing purchases

The Vietnam Chamber of Commerce and Industry (VCCI) has just provided comments to the National Assembly's Law Committee on the draft Housing Law. VCCI proposed many regulations on expanding the subjects of social housing purchase, regulating electric vehicle charging places and proposing to ban the rental and sale of individual apartments in the form of mini apartments. The draft Housing Law stipulates that people who are entitled to the social housing purchase policy are mainly low-income earners and cannot afford to buy commercial housing. However, VCCI believes that in reality, many people do not belong to this group and cannot afford to buy a house (according to Tien Phong).

- Clean stock data for market transparency

The Government has requested the State Securities Commission to connect with the national population database to clean up data of securities trading participants, which must be completed by November this year. It is known that cleaning user data will compare user information to ensure consistency and eliminate incorrect, duplicate or virtual data (according to VTV).

- Real estate transactions are high, prices may bounce back

According to statistics from the Vietnam Association of Realtors (VARS), in the third quarter of 2023, the transaction volume increased 2.2 times compared to the first quarter of the year. At the same time, VARS forecasts that real estate prices may increase in the coming time (according to Nhip Song Thi Truong).

- Bad debt increased sharply

The State Bank said that the bad debt ratio skyrocketed from 2% at the beginning of the year to 3.56% at the end of July 2023, equivalent to an absolute figure of more than VND 440,000 billion. If bad debt sold to VAMC that has not been processed and potential debt are included, the bad debt ratio of the whole industry is up to 6.16% (according to Nha Doi Tu).

- Industrial land rental prices expected to increase by nearly 10%

The industrial real estate market continues to record positive developments. Industrial land rental prices are forecast to increase by nearly 10% in the coming years. (See more)

- More than 50 businesses reach agreement to postpone bond maturity date

As of October 3, more than 50 issuers have reached agreements to extend bond terms with bondholders and have officially reported to the Hanoi Stock Exchange (HNX). The total value of bonds with extended terms is more than VND95,200 billion (according to Cong Thuong Newspaper).

- VinFast shares increase, Mr. Pham Nhat Vuong's electric taxi expands to Southeast Asia

VinFast shares rose on the US stock exchange on October 13. VinFast Auto (VFS)'s capitalization stood at $19.1 billion. Pham Nhat Vuong's electric taxis accounted for 60% of VinFast's vehicles sold in two quarters and are expanding into the Southeast Asian market. (See more)

- Mr. Le Viet Hai's Hoa Binh Construction collects more than 300 billion debt from FLC

Hoa Binh Construction Group Corporation (HBC) announced that it has completed the collection of a debt of more than VND100 billion from FLC and another enterprise. The total debt collected from FLC is more than VND304 billion. Of which, the total amount collected is more than VND270 billion. In addition, FLC transferred to HBC the real estate at the FLC Sam Son eco-tourism urban area project to offset the remaining VND34 billion debt. (See more)

- 19 banks received enforcement orders for more than 81 billion VND in tax debt from FLC

To recover FLC's VND81.6 billion tax debt through the compulsory withdrawal of money from the account, the tax authority has sent a summons to 19 banks where FLC opened accounts. The reason is that FLC has an overdue amount of money that must be enforced according to the provisions of the Law on Tax Administration (according to Dan Tri).

- Chinese grapes priced at 20,000 VND/kg flood the market

Many types of Chinese grapes are flooding the Vietnamese market. Among them, there are types of grapes priced at only 20,000-25,000 VND/kg that are being sold everywhere. (See more)

- Green squash and pumpkin prices fall sharply, farmers suffer heavy losses

Recently, the low prices of squash and pumpkin have made many farmers in Gia Lai province worried. In the previous crop and the beginning of this year, squash prices were from 6,000-7,000 VND/kg, pumpkin prices were from 12,000-13,000 VND/kg. For about 20 days now, prices have been falling continuously and are now only 2,000 VND/kg, with squash and pumpkin at 3,000 VND/kg (according to Nguoi Lao Dong).

- Why did rice prices increase again?

Vietnam's export rice price is currently at 623 USD/ton, 5% broken type, up 10 USD/ton compared to early October. According to rice exporting enterprises, the export rice price has increased again due to increased demand in Asian and African markets. Especially the recent announcement by the Indonesian government about the need to buy up to 1.5 million tons of rice from now until the end of the year (according to Nguoi Lao Dong).

Oil prices on the world market today increased due to concerns about tight supply. Brent crude oil prices exceeded the important level of 90 USD/barrel, while WTI crude oil prices reached 87 USD/barrel.

Gold prices today on the world market increased sharply due to political tensions. Domestic gold prices also increased. The price of SJC gold rings exceeded 58 million VND/tael, reaching a record high. The price of SJC gold bars also increased, at one point reaching 71 million VND/tael.