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VIETNAM ECONOMY INVESTMENT

HCMC’S JANUARY CPI RISES 2.76% Y-O-Y

HCMC’s consumer price index (CPI) edged up 2.76% year-on-year in January 2024, according to the city’s Statistics Office. This figure was lower than the national average of 3.37%. The country’s inflation target is at below 4% for this year.

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VIETNAM ECONOMY INVESTMENT

NEW LAND LAW, NEW MOMENTUM FOR VIỆT NAM TO BECOME HIGH-INCOME COUNTRY

The amended Land Law which was passed at the 15th National Assembly’s fifth extraordinary session in mid-January is expected to provide a firm legal framework to enhance land management efficiency and create new momentum for Việt Nam to become a high-income country by 2045.

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INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

EXPORTERS STRUGGLE WITH ESCALATING SHIPPING COSTS

A source from Trung An High-tech Farming JSC, based in Can Tho city, revealed that though the company’s rice export volume to the EU and US is not as big as to Asian markets, the volatility of shipping costs have affected the company’s operations.

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BANKING / FINANCE / INSURANCE / TAX

BANKS REMARKABLY PROPEL ECONOMIC GROWTH

In the previous year, the banking sector of Binh Thuan province adhered to the directives of the Governor of the State Bank of Vietnam (SBV), the Party Committee, and other authorities. This adherence was to execute its designated tasks, ensuring the stability of the banking system and stimulating local economic growth and social security.

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VIETNAM ECONOMY INVESTMENT

FDI 2024: OPPORTUNITY TO ATTRACT HIGH-QUALITY CAPITAL INFLOWS

Amid existing difficulties, foreign direct investment (FDI) attraction became a bright spot in the economic picture in 2023. In 2024, FDI flows are forecast by experts to continue landing on Vietnam, especially in semiconductor, high technology and high value-added products. To find out more, our reporter has an interview with Mr. Nguyen Chi Dung, Minister of Planning and Investment.

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VIETNAM ECONOMY INVESTMENT

CORPORATE BOND MARKET STAYS QUIET AT THE BEGINNING OF 2024

No corporate bond issuances have been reported as of January 24, according to data from the Hà Nội Stock Exchange (HNX) and the State Securities Commission (SSC). However, there has been consistent activity in the repurchase of bonds before maturity, with companies buying back nearly VNĐ4.3 trillion (US$17.5 million) worth of bonds.

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PROPERTY / INDUSTRIAL ZONE

REVISED RULES SET TO EXPAND OPTIONS FOR OVERSEAS NATIONALS TO OWN PROPERTY

“Overseas Vietnamese will be allowed to invest in building houses and construction projects for sale, lease, or lease purchase, and investing in the technical infrastructure in real estate projects for transfer, lease, and subleasing land use rights that already have technical infrastructure,” said Dinh.

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VIETNAM ECONOMY INVESTMENT

JAPANESE RETAIL BUSINESSES WANT TO EXPAND IN VIETNAM

“This rate decreased by 3.3 percentage points compared to the 2022 survey. Although expansion ambitions remain high, Vietnam is the only country among the six key Southeast Asian countries with a reduced expected expansion rate,” said Matsumoto.


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