HO CHI MINH CITY: MANY INFRASTRUCTURE WORKS SOON TO RECEIVE CLEARED SPACE FOR EXECUTION
The construction of a string of important infrastructure works which have been trapped by space woes in the southern growth engine of Ho Chi Minh City will resume pace in the fourth quarter of this year and in early 2023 after acquiring cleared land.
M&A DEALS IN VIETNAM REACH NEARLY $5 BILLION IN H1
Du Vinh Tran, EY’s Indochina strategy and transactions leader, said: “In the Vietnamese market, we still observed a strong growth of PE and VC investments during the first half of the year despite some turbulence in equity and debt markets.”
HCM CITY SEEKS INVESTORS FOR WASTEWATER TREATMENT PROJECTS
In recent years, the amount of wastewater discharged into the environment has continuously increased. Between 2018 and 2021, the average wastewater volume is estimated to have increased by 6.7 per cent each year.
SINGAPORE, VIET NAM TO FURTHER ENHANCE STRATEGIC PARTNERSHIP
Viet Nam is an important economic partner of Singapore in the region and Singapore wishes to further develop its strategic partnership with Việt Nam, said Deputy Prime Minister and Coordinating Minister for Economic Policies of Singapore Heng Swee Keat.
OUTLOOK BRIGHT FOR MANY INDUSTRIES IN SECOND HALF OF YEAR
Businesses with good profit growth in the first six months are expected to decline in the rest of the year, whereas the group of businesses that saw sharp dip in profits in the second quarter will have the opportunity to recover and accelerate, according to experts.
OUTLOOK BRIGHT FOR MANY INDUSTRIES IN SECOND HALF OF YEAR
Businesses with good profit growth in the first six months are expected to decline in the rest of the year, whereas the group of businesses that saw sharp dip in profits in the second quarter will have the opportunity to recover and accelerate, according to experts.
HCM CITY TOPS NATION IN FDI ATTRACTION IN JAN-AUG
Ho Chi Minh City licensed foreign investors to invest US$2.71 billion in new investment projects, pool capital and make equity purchases into local enterprises in the first eight months of 2022, representing year-on-year growth of 24.4%. They invested US$309.4 million in 479 new projects, down 17.6% in value but up 24.1% in projects.
SUSTAINING FINANCIAL RESOURCES
Currently, the financial market in Vietnam has been basically formed and has played a particularly important role in mobilizing savings and allocating capital sources. The financial market has also made remarkable progress in nature and scale to fuel the economy, support business growth and effectively facilitate economic restructuring.
