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.
VIET NAM'S EXPORT RECOVERY GAINS MOMENTUM
Việt Nam’s exports have been on a path of recovery since the beginning of the year. According to a report from the General Statistics Office (GSO), the total export turnover of goods in the first two months of 2024 reached US$59.34 billion, a 19.2 per cent increase compared to the same period last year.
VIETNAM CONTINUES TO BE ASEAN HIGHLIGHT
“The consensus is for GDP growth in ASEAN to rise from 2023’s levels in 2024 on stronger tourism activity, lower inflation and interest rates, and the rebound of the global tech sector,” FocusEconomics said. “Nevertheless, muted activity in China and the El Niño knock-on effects will pose headwinds to growth. Weaker-than-expected external demand and geopolitical tensions pose downside risks.”
BINH DUONG PLANS TO BECOME FAVOURABLE DESTINATION FOR INVESTORS
Leaders of Binh Duong met on March 11 to appraise provincial planning and agreed that to achieve a higher stature, the province should strive to become a bright spot for innovative technology and join global supply chains.
VIETNAM'S ECONOMY IN FIRST TWO MONTHS OF 2024
In the first two months of 2024, economic indicators paint a dynamic picture for Vietnam with the Consumer Price Index (CPI) surging by an average of 3.67%, core inflation increasing by 2.84% and total registered foreign investment reaching nearly 4.29 billion USD.
BAO MINH INSURANCE TEAM UP WITH TECHNOLOGY PARTNER HILLRIDGE TO OFFER INSURANCE FOR FARMERS
Australian insurtech firm Hillridge launched a new partnership with Bao Minh Insurance on March 7 that offers its new Typhoon Index Insurance product, a Vietnam-first new parametric product to protect Vietnamese acacia timber farmers from the nation's devastating typhoons.
VIETNAMESE GDP SIZE HITS OVER US$430 BILLION IN 2023
The GDP scale of Southeast Asia reached US$3.86 trillion, of which Indonesia took the lead in the region with an estimated GDP of about US$1.42 trillion; followed by Thailand with US$512.19 billion, Singapore with US$497.35 billion and the Philippines with US$435.68 billion.
TAKE A GLIMPSE INSIDE ITALIAN CUSINE AT OTTIMO HOUSE TRATTORIA
Ho Chi Minh City, February 28, 2024 - The season of love dedicated to women has returned to the LOTTE HOTEL SAIGON, offering ladies impressive and sophisticated experiences. A highlight not to be missed at The Canvas seafood buffet restaurant is the masterpiece Lobster Ravioli. Visit Ottimo House to enjoy premium Italian cuisine prepared with Australian Wagyu beef. On Mondays and Tuesdays, Yoshino Japanese Cuisine Restaurant offers a 20% discount on sashimi. Discover the classy space and enjoy the new drinks available at Legend Lounge, including "Cherry Blossom Latte" and "Strawberry Afternoon Tea.". To end your self-love journey, Legend Healing Spa will be offering 20% off two special treatments.
