NECESSARILY IMPROVING INSTITUTIONS AND POLICIES FOR CREATIVE ECONOMY ADVANCEMENT
Despite remarkable strides in socioeconomic development, including economic growth, Vietnam continues to grapple with issues pertaining to the quality and sustainability of this growth. The country’s economic expansion is still heavily dependent on the augmentation of input resources and industries that are labor and resource-intensive. The influence of elements directly associated with enhancing quality, labor productivity, competitiveness, and innovation has not met anticipated standards.
CREDIT INSTITUTIONS URGED TO CUT LENDING RATES BY 1-2%
The State Bank of Viet Nam (SBV) asked all credit institutions including foreign bank branches to reduce lending annual interest rate by 1-2 percent in a bid to facilitate credit access and spur growth. The central bank called on credit institutions to channel capital into traditional growth drivers, emerging industries, green transformation, circular economy, and social housing.
VIET NAM TO ENTER TOP 20 FASTEST GROWING ECONOMIES GLOBALLY IN 2024
The development prospects of the Vietnamese economy in 2024 are very positive and driven by substantial foreign investment, especially in high-tech industries, according to Savills Viet Nam's report on investment in the Asia-Pacific region in the first quarter of 2024.
VIET NAM LEADS THE REGION IN ATTRACTING LONG-TERM INVESTMENT INTO INNOVATIVE START-UPS
The wave of innovative start-ups in Việt Nam has developed at “dizzying” speeds, attracting the attention of many domestic and foreign investors, a seminar, entitled 'Investment Policies for Start-ups' in Hà Nội, heard Monday.
FIVE-MONTH PUBLIC INVESTMENT DISBURSEMENT REACHES NEARLY 27 PER CENT OF TARGET
The disbursement of public investment from the State budget in the first five months of this year was estimated to reach VNĐ190.6 trillion (US$7.44 billion), equal to 26.6 per cent of the yearly target and 5 per cent higher than the same period last year, according to the General Statistics Office (GSO).
STATE CAPITAL DIVESTMENT GAINS MOMENTUM IN VN WITH HIGH-PROFILE DEALS IN FOCUS
The State Capital Investment and Trading Corporation (SCIC) recently unveiled its second-phase divestment list for 2024, which includes prominent businesses like FPT Corporation, Becamex IDC and Tiền Phong Plastic. The announcement generated excitement in the market.
MARKETS SET TO SLIDE AS FOREIGN INVESTORS INCREASE SELLING PRESSURE
Liquidity on the HoSE for the week reached VNĐ109.5 trillion, a significant drop of 20.8 per cent compared to the previous week, remaining above average. This indicates a strong market divergence and balance after a sharp decline over the previous week. Many stocks and group stocks, have been rotating in and out of recovery, with demand increasing at the support level of 1,250 points and improving notably in medium and small-cap stocks.
FDI TO BE EXPANDED WITH GREEN FOCUS
Vietnam is projected to improve its trade and investment flows as global demands increase, with a green trend on the rise in supply chains. At last week’s Asia-Pacific Dialogue event organised by the Association of Chartered Certified Accountants (ACCA) in Hanoi, Vietnam was said to boast great potential in addition to a production and business climate fuelled by rising global demand.
