HANOI'S CREDIT GROWTH SURGES IN FIRST SEVEN MONTHS
According to a report released by Hanoi Statistics Office on July 29, the total outstanding credit in Hanoi had reached $164.04 billion by the end of July, marking an increase of 1.12 per cent compared to the previous month and an 8.84 per cent increase from the end of 2023.
VIETNAM’S ECONOMIC OUTLOOK OPTIMISTIC YET NECESSARILY PRUDENT
The Asian Development Bank (ADB) maintained its growth forecasts for Vietnam at 6.0% and 6.2% in 2024 and 2025, respectively, on the back of strong growth in the first half of 2024. However, the trade-related manufacturing - one of the main drivers of recovery - is expected to slow down in the coming time while domestic demand will remain subdued. Inflation is projected to stabilize at 4% in 2024 and 2025.
CPI ROSE 0.48 PER CENT IN JULY AFTER BASE SALARY INCREASES
The consumer price index (CPI) rose 0.48 per cent in July on rising domestic petrol prices, higher demand for electricity and higher health insurance premiums following a 30 per cent increase in base salaries from the beginning of this month, data of the General Statistics Office (GSO) showed.
5G OPPORTUNITIES FOR DOMESTIC AND GLOBAL BUSINESSES
Mobile network operators in Vietnam are rapidly deploying 5G infrastructure, poised to unlock new revenue opportunities for themselves and for domestic and international technology firms. This advancement is set to play a pivotal role in accelerating the country’s digital transformation and fostering the development of its digital economy.
AI AND DIGITAL ASSETS OFFER NEW INVESTMENT OPPORTUNITIES
Speaking at a conference on H2 investment opportunities, Dat Tong, senior market strategist of Exness Investment Bank, said, “The advent of working from home during the pandemic is here to stay, but there is much debate about the productivity of working from home. However, it cannot be denied that the adoption of technology by employees increases to an unprecedented high level due.”
30 HONG KONG COMPANIES TO VISIT VIETNAM
Organised by the Hong Kong Trade Development Council (HKTDC), the delegation will include HKSAR Government principal officials, and some 30 leaders of enterprises and conglomerates operating finance and insurance; innovation and technology; professional services; infrastructure, transport and logistics; energy and hospitality.
VIETNAM REPORTS $18 BILLION IN FDI BETWEEN JANUARY AND JULY
Vietnam reported more than $18 billion in foreign direct investment (FDI) in the year to July 20, an on-year increase of 10.9 per cent, according to data from the Foreign Investment Agency under the Ministry of Planning and Investment.
KCN VIETNAM AIMS FOR GREEN CERTIFICATION IN FUTURE PROJECTS
KCN Vietnam Group JSC. (KCN Vietnam Group), a professional industrial property developer, on July 29, 2024, officially announced its green building development agenda, endeavoring to achieve green, sustainability standards and certifications.
