Business News

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HAU GIANG INDUSTRIAL ZONES AUTHORITY: ACTIVELY SUPPORTING BUSINESSES AND ATTRACTING INVESTORS

Hau Giang Industrial Zones Authority, established under the Prime Minister’s Decision 366/QD-TTg dated March 29, 2007, performs functions and tasks assigned by Decision 02/2023 /QD-UBND dated January 4, 2023 of the Hau Giang Provincial People's Committee on its functions, tasks, powers and organizational structure. During 17 years of construction and development, the authority has affirmed its role, position and name and made effective contributions to local socioeconomic development.

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HANOI HOUSING MARKET FACES DESPERATE SHORTAGE OF AFFORDABLE SUPPLY

The Hanoi residential real estate market is encountering significant challenges in terms of undersupply, particularly in the realm of affordable housing. Both low-rise buildings and flats are currently experiencing the most substantial shortage in new supply witnessed over the past decade.

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EXPANDED LAND USE RIGHTS EXPECTED TO ATTRACT OV INVESTMENT IN REAL ESTATE

The expansion of land use rights for overseas Vietnamese (OV) in the recently passed 2024 Land Law is good news for OVs who want to own real estate in Vietnam, said experts from Savills Vietnam.

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DEPOSIT INTEREST RATES FORECAST TO HIT BOTTOM IN Q1 2024

In a macro report released last week, analysts of the MB Securities Company (MBS) believe that in the context of more positive growth of export and investment and consumption against last year, capital demand will return to balance instead of surplus as currently. They forecast that credit growth in 2024 will reach about 13-14 per cent.

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VIỆT NAM’S DESTINATIONS, E-VISA POLICY PROMOTED IN HONG KONG

Co-organised by the Vietnam Airlines branch in the region and the Society of IATA Passenger Agents Ltd (SIPA), the event gathered representatives of the Vietnamese Consulate General in Hong Kong and Macau and CEOs and senior managers of many local travel companies.

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BINH DUONG PLANS TO BECOME FAVOURABLE DESTINATION FOR INVESTORS

Leaders of Binh Duong met on March 11 to appraise provincial planning and agreed that to achieve a higher stature, the province should strive to become a bright spot for innovative technology and join global supply chains.

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VIETNAM CONTINUES TO BE ASEAN HIGHLIGHT

“The consensus is for GDP growth in ASEAN to rise from 2023’s levels in 2024 on stronger tourism activity, lower inflation and interest rates, and the rebound of the global tech sector,” FocusEconomics said. “Nevertheless, muted activity in China and the El Niño knock-on effects will pose headwinds to growth. Weaker-than-expected external demand and geopolitical tensions pose downside risks.”

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VIET NAM'S EXPORT RECOVERY GAINS MOMENTUM

Việt Nam’s exports have been on a path of recovery since the beginning of the year. According to a report from the General Statistics Office (GSO), the total export turnover of goods in the first two months of 2024 reached US$59.34 billion, a 19.2 per cent increase compared to the same period last year.

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