Business News

According to economist Le Xuan Nghia, one of the biggest risks to the Vietnamese economy is that lending rates remain high despite the State Bank of Vietnam’s (SBV) recent efforts to reduce operating interest rates. “The real interest rate is still at 10 per cent, which is too high, but this is because the operator is still worried about exchange rate fluctuations,” said Dr. Nghia.

More effective solutions are being called for to pave the way for new supply and access to buy property. The government on August 7 issued Resolution No.124/NQ-CP, which requires related ministries and sectors to accelerate the establishment of trading real estate centres to help make the market more transparent.

“The blue economy has developed very rapidly in recent years. In addition, the current world trend is the conservation and sustainable use of oceans, seas, and marine resources for sustainable development being implemented in many countries. These are all favourable contributing factors to the sustainable development of the blue economy in Vietnam,” Hoi noted.

According to recent data released by Vietnam Electricity (EVN), as of August 11, nearly 93 per cent of renewable-energy transition projects have submitted their profiles to the Power Purchase Department for price negotiations and power purchase agreement (PPA) consultations, a substantial achievement for just over three months of rigorous effort.

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1. Lending rate forecast to drop sharply in H2 2023
2. Lender SHB increases charter capital
3. VAT policy discriminates against local businesses: VCCI
4. E-commerce boosted to fuel sale of Vietnamese goods
5. New wave in Vietnam's wood processing industry
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