Business News

Viet Nam has moved up four places to secure the 106th position out of 165 countries and territories in the Economic Freedom of the World index, according to the Canada-based Fraser Institute. The Fraser Institute noted that Viet Nam's improvement in the index this year is a relatively substantial increase compared to other Southeast Asian peers.

Secretary for Security Tang Ping-keung began his visit programme in Vietnam today by calling on the Ministry of Public Security and witnessing the signing of a memorandum of understanding (MOU) on co-operation concerning immigration matters between Hong Kong and Vietnam.

At LOTTE HOTEL SAIGON, the serene urban oasis swimming pool and the verdant LOTTE Park garden with its murmuring waterfall offer a peaceful and pleasant spot away from the hustle and bustle of city life.

The HCMC People’s Council approved in principle 87 state-funded projects worth a combined VND39 trillion at yesterday’s session on the implementation of the National Assembly’s Resolution 98 on special mechanisms and policies for the city.

These projections stem from the Government's socio-economic development strategy for the 2021-25 period, combined with endeavours to meet the 2023 growth goal of 6.5 per cent.

According to local newspaper Nhandan, the announcement came during Vietnamese Prime Minister Pham Minh Chinh's recent visit to Guangxi, China, where he met with vice president of Energy China Zhang Manping on September 16.

Bank loans in the city from January to August amounted to VND3,331 trillion, a 3.26% increase against the end of 2022 and a 5.62% rise over the same period last year. Of total outstanding loans, Vietnamese dong currency loans accounted for 94.7%, while foreign currency loans made up the remainder.

According to a report by the State Bank of Vietnam (SBV), people's demand for home loans and home repairs decreased by 1.12 per cent in the first half of this year, while the loans increased by up to 31 per cent last year.