INDUSTRIAL PROPERTY EXPANDED TO WELCOME FOREIGN-LED CAPITAL
Large manufacturers continue to see Vietnam as a potential candidate in their supply chain diversification strategies. Big moves in early 2024 included the microchip project of US firm Coherent and a scheme to build warehouses for rent by Singapore’s SLP in the southern province of Dong Nai.
DON’T DELAY – SALE TODAY
Celebrating Vietnamese Family Day on June 28th, 2024, special offers when booking at:
- BECAMEX HOTEL NEW CITY only 999,000 VND nett for 2 person
- BECAMEX HOTEL THU DAU MOT only 899,000 VND nett for 2 person
VIET NAM LEADS SOUTHEAST ASIA IN ATTRACTING LONG-TERM INVESTORS
A recent survey by Bain & Company found that Viet Nam leads Southeast Asia in attracting long-term investors. News website News.cn cited this survey as saying that investors believe investment activities in Viet Nam will increase by 83 percent in the period 2025 - 2030.
GOV’T TARGETS TO KEEP INFLATION BELOW 4.5% THIS YEAR
To realize the above goals, the Government tasked ministries and agencies to renew the traditional growth drivers (investment, export and consumption), while promoting new growth engines such as regional connectivity, digital economy, green economy, circular economy, and innovation, along with emerging industries such as semiconductors and Artificial Intelligence (AI).
VIETNAM EARNS US$8.62 BILLION TRADE SURPLUS IN JAN-MAY
Vietnam had a trade surplus of US$8.62 billion in the first five months of this year, according to the General Department of Vietnam Customs. The country exported goods worth US$156.28 billion in the period while spending US$147.66 billion on imports.
REAL ESTATE MARKET EXPECTED TO RECOVER IN Q2 NEXT YEAR
Apartment prices have stabilized, and demand has cooled. However, apartments remain the most liquid assets among real estate products, with stronger interest in Hanoi and HCMC, the Vietnam News Agency reported, citing Nguyen Quoc Anh, deputy general director of the local realty website batdongsan.com.vn.
MINISTRY WANTS 12 TYPES OF GOODS, SERVICES REMOVED FROM VAT EXEMPTION LIST
These include fertilizer, machinery and equipment specifically used for agricultural production, offshore fishing vessels, securities depository, public utility telecommunication services, and internet services under government programs.
CREDIT GROWTH REMAINS FAR FROM GOVERNMENT TARGET
Credit within the banking system to the end of May 2024 increased by only 2.41 per cent against the end of 2023, far from the credit growth targets, the Government reported. The Government has set a credit growth target of 5 per cent for the first six months of 2024 and 15 per cent for the whole year.
