VIETNAM’S OUTBOUND INVESTMENT RISES 4.6%
Statistics from the Foreign Investment Agency showed that Vietnamese enterprises have expanded their outbound investments across 14 sectors. The wholesale and retail sector took the lead with 26 new investment projects and six projects involving capital adjustments, accounting for 36.1% of the total outbound investment capital.
CREDIT GROWTH FAR FROM YEAR-END TARGET DESPITE FALLING INTEREST RATES
During a bank-business connectivity meeting in Thái Nguyên Province on Wednesday, Deputy Governor Phạm Thanh Hà revealed that as of September 29, the total credit for the entire economy reached nearly VNĐ12.7 quadrillion (US$531.2 billion), marking a 6.92 per cent increase since early this year.
CALIFORNIA’S FITNESS FESTIVAL - SPECIAL INVITATION FOR HKBAV MEMBERS ONLY
A warm invitation to all of us to participate in outdoor Zumba classes, Les Mills BodyCombat with Les Mills Global Ambassador, PT Challenge - a physical age testing activity, the kitfit challenge, and various physical activities. Additionally, there will be an explosive Live Music Concert combined with the high-profile All-Star Fight martial arts tournament, making its debut appearance in Vietnam.
SEDONA SUITES - NEW AFTERNOON TEA
Sedona Suites is delighted to unveil an enriched English Afternoon Tea Set, inviting you to take pleasure in a delightful fusion of classic and locally inspired delights at SKY28. Discover fresh selections of savory and sweet indulgences in our Afternoon Tea Set perfectly complemented by sparkling wine and endless servings of coffee or tea. Join us for an unforgettable afternoon tea experience starting October 7th, 2023, and let us whisk you away on a decadent journey like no other.
VN TARGETS 95 PER CENT OF DEPOSITORS TO BE FULLY INSURED BY 2025
Under the strategy for deposit insurance development until 2025, with a vision towards 2030, the Government aims to ensure 45 per cent of depositors understand the core contents of the deposit insurance policy by 2025 and raise this percentage to 50 by 2030.
NEW POLICY ON TIGHTENING USE OF SHORT-TERM CAPITAL FOR LONG-TERM LOANS TAKES EFFECT
As stipulated in Circular 08/2020/TT-NHNN, both Vietnamese banks and foreign bank branches in Việt Nam are required to reduce the maximum ratio of short-term capital for medium and long-term loans to 30 per cent as of October 1, 2023.
PROMISING OUTCOMES FOR 2023’S FDI
On September 22, three months after the signing of a comprehensive business agreement in Seoul city of South Korea on eco-friendly, high-tech material between SKC Group and Haiphong People’s Committee, the group’s representatives were present in the northern port city to receive an investment registration certificate for $500 million.
LOGISTICS SUMMIT 2023 WILL OPEN ON OCTOBER 5
Facing the trend of more large-scale manufacturers in the world planning to move production facilities to Southeast Asian countries, the demand for logistics services and warehouse facilities, in particular, is forecasted to have strong growth steps.
