SOCIAL HOUSING NEEDED TO BOOST CAPITAL IN REAL ESTATE
Amid a gloomy real estate market, experts have pointed out that the affordable housing segment is the key to mobilising capital.Le Xuan Nghia, an economist, suggests that focusing on developing affordable housing projects instead of social housing or worker housing under stringent conditions would help stimulate real estate capital flow.
VIETNAMESE ECONOMY PROCEEDING AS PREDICTED: EXPERTS
Singapore’s United Overseas Bank (UOB) has based its assessment of the macroeconomic indicators in the first two months of 2024, concluding that Vietnam’s economic recovery is heading in the right direction.
VIETNAM RANKS IN TOP 5 FAVOURITE INVESTMENT DESTINATIONS AMONG ASIA’S EMERGING AND DEVELOPING COUNTRIES
Accordingly, Vietnam placed 65th in this year's ranking globally. Meanwhile, among Asian emerging and developing (E&D) economies, Vietnam proved an investor favourite and ranked 5th in the region, trailing behind Malaysia, Thailand, China, and Indonesia.
VIETNAM INNOVATION CHALLENGE 2024 KICKS OFF
The Vietnam Innovation Challenge 2024 has been formally introduced, with a call for participation from individuals and organisations. The launch was hosted by Vietnam's National Innovation Center (NIC) in collaboration with Meta Corporation on March 18.
HANOI HOUSING MARKET FACES DESPERATE SHORTAGE OF AFFORDABLE SUPPLY
The Hanoi residential real estate market is encountering significant challenges in terms of undersupply, particularly in the realm of affordable housing. Both low-rise buildings and flats are currently experiencing the most substantial shortage in new supply witnessed over the past decade.
VIETNAM’S Q1 ECONOMIC EXPANSION PROJECTED AT 5.5% – UOB
Vietnam’s economic trajectory in the first quarter of this year indicates solid growth momentum, with gross domestic product (GDP) expected to grow by 5.5% year-on-year, according to a report of the United Overseas Bank (UOB). The positive outlook comes on the heels of a robust recovery in the fourth quarter last year, where GDP growth accelerated to 6.72% year-on-year, largely driven by a rebound in manufacturing.
VCCI PROPOSES ZERO TAX RATE TO BE MAINTAINED FOR EXPORTED SERVICES
The Việt Nam Chamber of Commerce and Industry has proposed a zero-value added tax (VAT) rate to be maintained for exported services, over worries that tax hikes would undermine the competitiveness of Vietnamese providers against foreign rivals.
SYNDICATED LENDING PROPOSED TO REDUCE IMPACTS OF LOAN LIMIT POLICY
During a dialogue held by Vietnam Investment Review on Monday, experts said under the Law on Credit Institutions, which will take effect from July 1 this year, banks must reduce the loan limit for a customer from 15 per cent to 10 per cent, and for a customer and their related parties from 20 per cent to 15 per cent according to a roadmap from July 1, 2024 to January 1, 2029.
