VIETNAM EMERGES AS GROWTH ENGINE WITH FOCUS ON HIGHER QUALITY FDI
According to a joint report ‘Vietnam: A Global Engine of Growth’ released by Golden Gate Ventures and Boston Consulting Group on September 7, there is an expected increase in trade for ASEAN of $1 trillion by 2031, with China, Japan and South Korea, the EU and the US being some of the largest contributors. Within ASEAN, Vietnam will take centre stage in under a decade, as the country is already leading the pack in GDP growth.
SUMMER FEATURING PREMIUM LOBSTER AND SEAFOOD BUFFET
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.
LENDING RATE LAG STILL CAUSING BANK UNEASE
There has been a decline in savings interest rates in recent weeks. From August 23, Agribank continued to reduce deposit interest rates from 0.5 to 0.3 per cent to support individuals and businesses. Since the beginning of the year, Agribank’s deposit interest rate has decreased up to 4.5 per cent.
CLEAR REAL ESTATE OWNERSHIP RULES TO BENEFIT ALL PLAYERS
Vietnam has gained remarkable achievements in economic development thanks to the promotion of international economic integration and active participation in free trade agreements. Doan Van Binh, vice president of the Vietnam Real Estate Association, analyses improving the law on real estate ownership by foreigners in the context of implementing such deals.
VIET NAM REPORTS RECORD BUSINESS REGISTRATION GROWTH IN FIRST EIGHT MONTHS
New business registration reached a record high of more than 103,000 firms in the first eight months of 2023, according to the Ministry of Planning and Investment (MoPI). The above figure includes more than 14,000 firms established in August, representing a year-on-year increase of 17.9 percent and a month-on-month growth of 14.05 percent.
INFOGRAPHIC SOCIAL-ECONOMIC SITUATION IN AUGUST AND 8 MONTHS OF 2023
The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.
CAN THO TO ANNOUNCE 2021-2030 PLANNING, PROMOTE INVESTMENT
To be organised by the municipal People’s Committee, the event is expected to draw 400-600 domestic participants, including leaders of the Government, ministry, central agencies and of such localities as Hanoi, Ho Chi Minh City, Hai Phong, Da Nang, and those in the Mekong Delta region.
LOW CREDIT GROWTH, REDUCING PROFIT PUT PRESSURE ON BANK PROSPECTS IN 2023
The outlook for the banking industry this year will not be as bright as previous years due to low credit growth and reducing profit, experts forecast. In a recent report, VPBank Securities Company (VPBankS) forecast that pre-tax profits of the entire banking industry will slow in 2023 with a growth rate of about 10-12 per cent.
