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.
SOUTHEAST REGION PLANNING WITH VISION TO 2050
Under Decision No. 370/QD-TTg issued by the Prime Minister on May 4, 2024, the Southeast Region will be developed in to a civilized, modern, and dynamic area, becoming a hub not only in Vietnam but also in Southeast Asia in terms of economy, finance, education, training, science, technology, innovation, and digital transformation.
APARTMENT RENTAL PRICES ON THE RISE IN COUNTRY’S LARGEST CITY
According to a report by JLL, rental prices for apartments in the city increased by 1.6 per cent quarterly and 5.9 per cent annually in the first three months, averaging 10 USD per square metre per month, particularly in new high-quality developments.
VIETNAM’S ECONOMIC PERFORMANCE IN JANUARY-MAY
In the first five months of this year, the country saw a 2% increase in foreign direct investment, over a 9% increase in total export-import turnover, and nearly a 65% rise in the number of international visitors.
