Da Nang Reopens Chi Lang Stadium Land Auction with Price Cut of VND 1.15 Trillion
Da Nang City in central Vietnam is relaunching the auction for the former Chi Lang Stadium land for the seventh time. The starting price has been set at VND 8.55 trillion, over VND 1.15 trillion lower than the initial offering. All previous six auctions failed to attract bidders, making investor interest a key focus.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- European Businesses Remain Optimistic on Vietnam's Economic Outlook, Citing Challenges
A survey by the European Chamber of Commerce (EuroCham) indicates sustained high confidence among European businesses regarding Vietnam's economic outlook. However, it highlights the need to overcome challenges like rising supply chain costs, regulatory pressures, and sectoral disparities to make growth benefits more tangible.
- SHB Completes SHBFinance Divestment, Strengthening Strategic Partnership with Krungsri
Saigon Hanoi Commercial Bank (SHB) announced the full receipt of the divestment value for SHBFinance shares to Krungsri, a member of Japan's MUFG Group. This transaction strengthens SHB's capital base and accelerates its domestic operations and international market expansion.
- Vietnam Petrol Retailers Cut Prices Below Regulated Levels
Major Vietnamese petroleum companies Petrolimex and PV Oil lowered retail prices for gasoline and oil products below regulated levels starting October 15. The move aims to alleviate fuel cost burdens for citizens and businesses.
- PVcomBank to Issue Shares to 7 Investors at 50% Premium, Raising VND4 Trillion
Vietnam's PVcomBank plans to raise approximately VND4 trillion (US$157 million) through a private placement to seven investors in 2026. The offered share price is over 50% higher than the market rate, which will boost the bank's charter capital to VND12 trillion.