REMITTANCE INFLOWS TO HCMC FORECAST TO REACH OVER US$5 BLN THIS YEAR
Last April, the World Bank said global remittances were projected to decline sharply by about 20% in 2020 due to the economic crisis induced by the Covid-19 pandemic and shutdown.
INFOGRAPHIC: 10-YEAR IMPLEMENTATION OF DEVELOPMENT STRATEGY OF THE VIET NAM BANK FOR SOCIAL POLICIES
The Viet Nam Bank for Social Policies (VBSP) is ranked among the biggest micro-finance providers in the world, supporting the poor to access to social policy credits.
INCREASING IMPORT: A POSITIVE SIGN
The growth of import slower than that of export helped Vietnam clinch a trade surplus of over US$20 billion in the first 11 months of 2020. However, the surging surplus also indicated a hard time for Vietnamese enterprises, especially those in the export sector. Therefore, when import is up again, it turns out to be a positive sign.
SIGNIFICANT GAINS TOWARDS PUBLIC INVESTMENT GOALS
Despite slow disbursement of foreign loans, that of public investment has become faster, contributing to making the country’s positive economic growth target feasible for the year.
SWING TRADING OF APARTMENTS NO LONGER ATTRACTIVE TO INVESTORS
“Apartments are not as attractive as before and careful consideration must be given to swing trading,” Dao Van Duy, general director of Viet Nam Infrastructure Investment and Development Joint Stock Company told Dau tu Chung Khoan (Securities Investment) newspaper.
JAPAN PLEDGES TO SUPPORT MAJOR TRANSPORT PROJECTS IN BINH DUONG
Japanese Ambassador to Vietnam Yamada Takio has told leaders of the southern province of Binh Duong that his country supports transport projects connecting Binh Duong with regional localities and cooperation in investment for major projects using Japanese ODA.
PM APPROVES LIST OF PRIORITY TECHNOLOGIES FOR RESEARCH AND DEVELOPMENT
Prime Minister Nguyen Xuan Phuc has approved a list of priority technologies for research and development in a bid to facilitate participation in the 4th industrial revolution. These technologies belong to four areas namely digital technologies, physics, biotechnology, and energy and environment.
ASIAN FINANCIAL FORUM ONLINE: “RESHAPING WORLD ECONOMIC LANDSCAPE” 18-19 JANUARY 2021
2020 has certainly been a challenging year. The COVID-19 pandemic not only posed an immense threat to the health and vitality of the global populace, it also brought about far-reaching disruptions to the global markets as well as accentuated the need for reshaping economic and social dynamics. The AFF, as Asia’s premier forum for global leaders in government, finance and business at the beginning of each year, is uniquely positioned for examining the challenges at hand and strategising the road to recovery and beyond.
