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VIETNAM ECONOMY INVESTMENT

MINISTRY ASKS CARRIERS TO DEVELOP FLEET OPERATION PLAN TO MEET SUMMER TRAVEL DEMAND

In a document sent to the Civil Aviation Authority of Việt Nam, the ministry said that the restructuring of some airlines’ fleet and flight networks, coupled with the recall of PW1100 engines by Pratt & Whitney for repair, have affected the load on both international and domestic flight routes, causing difficulties to passengers in terms of prices and schedules.

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VIETNAM ECONOMY INVESTMENT

BUSINESS ENVIRONMENT REFORM NEEDS FURTHER PROMOTION: EXPERT

Ministries, sectors and localities need to drastically improve the business environment, including improving the efficiency in implementing reform. That was the message from Nguyễn Thị Minh Thảo, head of the Business Environment and Competitiveness Research Department at the Central Institute for Economic Management (CIEM).

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VIETNAM ECONOMY INVESTMENT

LENDING SLOWDOWN THREATENS TO DELAY REAL ESTATE RECOVERY

Phan Duc Tu, chairman of BIDV’s Board of Directors, said, “Over the first 80 days of 2024, BIDV has disbursed loans totalling $18.95 billion to the economy. However, the figure is lower than its debt repayment of $19.55 billion. As of March 11, the bank’s outstanding balance contracted approximately 1 per cent compared with the end of 2023.”

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VIETNAM ECONOMY INVESTMENT

US AND VIETNAM BUILD MOMENTUM WITH UPGRADED TIES

In the six months since the historic upgrade of the US-Vietnam relationship to a Comprehensive Strategic Partnership, the United States and Vietnam have built on the momentum of our elevated relationship to advance bilateral cooperation across a range of areas.

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MEMBER CORNER / PROMOTIONS

PERFECT SPRINGTIME SIP AT LEGEND LOUNGE

Ho Chi Minh City, February 28, 2024 - The season of love dedicated to women has returned to the LOTTE HOTEL SAIGON, offering ladies impressive and sophisticated experiences. A highlight not to be missed at The Canvas seafood buffet restaurant is the masterpiece Lobster Ravioli. Visit Ottimo House to enjoy premium Italian cuisine prepared with Australian Wagyu beef. On Mondays and Tuesdays, Yoshino Japanese Cuisine Restaurant offers a 20% discount on sashimi. Discover the classy space and enjoy the new drinks available at Legend Lounge, including "Cherry Blossom Latte" and "Strawberry Afternoon Tea.". To end your self-love journey, Legend Healing Spa will be offering 20% off two special treatments.

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INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

CARGO OWNERS LAMENT INCREASED FEES AND SURCHARGES

Many shipping companies have increased their terminal handling charges (THC) at ports, resulting in losses for Vietnamese cargo owners, who claimed the increases were not communicated clearly and fairly. Cargo firms have called on the Vietnam Maritime Administration to step up efforts in monitoring fees and surcharges collected by international shipping companies, which has been said to cut into their profit unfairly.

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PROPERTY / INDUSTRIAL ZONE

DEVELOPERS HUNT FOR LAND AVAILABILITY

Last week, the Department of Planning and Investment of Long An province in the Mekong Delta region announced that a joint venture between Vinhomes and Vietnam Investment Group, which registered to implement the new Phuoc Vinh Tay urban area in Can Giuoc district.

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VIETNAM ECONOMY INVESTMENT

VIETNAM RANKS IN TOP 5 FAVOURITE INVESTMENT DESTINATIONS AMONG ASIA’S EMERGING AND DEVELOPING COUNTRIES

The US' Milken Institute released the Global Opportunity Index (GOI) on March 5. The GOI remains a strong predictor of capital movements 10 years after its inception. The index alone explains 64.7 per cent of the variation in per capita foreign direct investment (FDI) inflows and 51.7 per cent of per capita portfolio inflows to countries across the world. The 2024 GOI report provides a global overview of countries' attractiveness and capital inflows.


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