INTELLASIA FINANCE & BUSINESS NEWS - MAY 18, 2023
1. Inflation, bad debt keep interests rates high: SBV
2. Visa and SmartPay to boost digital payment solutions for MSMEs
3. Cashew exports in April hit record high
4. Specific mechanisms, policies needed to drive HCM City's growth
5. Firms in supporting industries in dire need of skilled workers
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VIET NAM EXPECTED TO EMERGE AS A PROMINENT LOGISTICS PLAYER IN ASIA
Việt Nam’s logistics industry is gaining recognition in the global market, with growing expectations that it will emerge as a “rising star” in Asia. This is due in large part to the country’s efforts to develop its supply chain industry and benefits from ‘China plus’ sourcing strategies of major multinational manufacturers.
PDP8 OFFICIALLY AUTHORISED: 2050 APPROACH
The objective of the Power Development Plan VIII (PDP8) is to aggressively develop renewable energy sources for electricity generation. By 2050, the proportion of renewable energy is projected to have reached 67.7-71.5 per cent.
VIETNAM TENDERS DAILY- MAY 17, 2023
1. Prestressed concrete sleepers supply
2. Automatic queuing system supply
3. Garbage squeezing truck supply
4. Gas fire extinguishing Cylinder Inspection
5. Finely ground blast furnace slag supply
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VIETNAM ATTRACTS NEARLY 8.88 BILLION USD IN FDI IN FIRST 4 MONTHS
As of April 20, foreign investors had invested nearly 8.88 billion USD in Vietnam, or 82.1% of the figure in the same period of 2022.
NEW BELIEF AROUND THE CORNER FOR REAL ESTATE
A survey released in early 2023 carried out by batdongsan.com.vn showed that out of 1,000 Vietnamese people, up to 68 per cent intend to buy real estate within the next year and up to 87 per cent of those who already own three or more real estate still want to buy more.
EASIER ACCESS TO FINANCE FOR SMES IN VIETNAM
The Asian Development Bank (ADB) and Switzerland signed a co-financing agreement of up to US$5 million to develop financial technologies (fintech) that can help address low financial inclusion in Vietnam, particularly among small and medium-sized enterprises (SMEs).
INTELLASIA FINANCE & BUSINESS NEWS - MAY 16, 2023
1. Bond market still gloomy FiinRatings
2. Banks worry about bad debt rise due to debt restructuring
3. Qatar and Vietnam review economic, commercial ties
4. FDI Firms Continue to Recover and Shift into High-tech Industries
5. High costs setback to green transition in maritime transportation
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