Vietnam, RoK foster cooperation in social housing development

Wed, 17 Jul 2024 15:31:00

Minister of Construction Nguyen Thanh Nghi held talks with Minister of Land, Infrastructure and Transport of the Republic of Korea (RoK) Park Sanwoo in Hanoi on July 16, during which the two ministers inked a memorandum of understanding (MoU) on cooperation between the two ministries in urban and social housing development.

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Efforts to Retain Investors and Create Livable, Investable City

Wed, 17 Jul 2024 15:31:00

"In all endeavors, provincial sectors have actively collaborated with specialized agencies to meticulously identify and prioritize projects that enhance environmental sustainability, leverage cutting-edge technology, add substantial value and bolster investment appeal," emphasized Ms. Tran Thi Thanh Tam, Director of Da Nang Department of Planning and Investment. Da Nang is steadfastly committed to retaining prospective investors and collectively forging a city renowned for its livability and investment allure.

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It needs clarification on cooperation between commercial banks and insurance companies

Wed, 17 Jul 2024 14:36:00

Banks and insurance businesses have different understandings of the regulations in the Law on Credit Institutions 2024.

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Viet Nam likely to become world’s new semiconductor hub

Wed, 17 Jul 2024 14:36:00

Viet Nam's semiconductor industry is forecast to see the compound annual growth rate (CAGR) of 11.6 percent between 2023 and 2027, reaching US$31.28 billion by 2027, according to Statista Market Insights.

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Vietnam, France eye high cooperation prospects in hydrogen development

Wed, 17 Jul 2024 14:11:00

Hydrogen de France (HDF Energy), a French energy company that has been present in Vietnam since 2022, has inaugurated its first fuel cell factory in Bordeaux of France, which is expected to lay a foundation for the launch of its “green” hydrogen factories in Vietnam and other countries in the future.

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Fiscal policy - a driving force for business

Wed, 17 Jul 2024 14:11:00

The continuation of the VAT reduction is expected to boost consumer demand as lower prices due to the 2% VAT cut will translate into higher purchasing power, especially during the upcoming holidays.

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Nam Dinh inaugurates its largest textile factory to date

Wed, 17 Jul 2024 14:11:00

TOP Textile JSC held an inauguration ceremony for its $203 million textile and dyeing factory in the northern province of Nam Dinh on July 13, marking an important milestone for the company in Vietnam.

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GMT introduction offers upsides for FDI in Vietnam

Wed, 17 Jul 2024 14:11:00

The global minimum tax (GMT) has been officially implemented in Vietnam since January, incorporating the Income Inclusion Rule and the Qualified Domestic Minimum Top-Up Tax (QDMTT).

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Vinhomes secures approval for $528 million industrial park in Vung Ang EZ

Wed, 17 Jul 2024 14:11:00

Deputy Prime Minister Tran Hong Ha on July 13 approved a Vinhomes' investment proposal for a new industrial park in Ky Anh town, with a total investment of over VND 13.2 trillion ($528 million).

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Credit speed makes it tough to lower lending rates

Wed, 17 Jul 2024 14:11:00

FIDT's Head of Research & Investment, Mr. Đoàn Minh Tuấn, predicts that as credit growth accelerates in the following two quarters, deposit rates may climb further due to increasing demand for funds.

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Ministry supports domestic firms deeply join global semiconductor supply chain

Wed, 17 Jul 2024 14:10:00

The Ministry of Planning and Investment (MPI) has taken various solutions to support domestic firms to join the global semiconductor supply chain more intensively, according to a meeting held by the Ministry on July 15, 2024.

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European firms hope for Vietnam’s continuous policy adjustments: Business Confidence Index (BCI) report

Wed, 17 Jul 2024 14:10:00

On July 15, the European Chamber of Commerce in Vietnam (EuroCham) released its Business Confidence Index (BCI) report for the second quarter of 2024, which reveals a marginal decline from 52.8 in Q1 to 51.3 in Q2, underscoring the necessity for ongoing policy adjustments to maintain momentum.

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Banks pump over 18.88 billion USD into economy in June

Wed, 17 Jul 2024 14:10:00

Banks lent more than 480 trillion VND (18.88 billion USD) to economic entities in June, demonstrating the sector’s efforts in concretizing the Government’s credit goal of 5-6 per cent to the end of Q2.

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Mobile Money users in Vietnam rise rapidly

Wed, 17 Jul 2024 14:10:00

The number of Mobile Money service users in Vietnam reached more than 8.8 million customers by the end of May, an increase of 3.3% over the same period last month.

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Quality varieties spur Vietnamese rice industry's growth: experts

Wed, 17 Jul 2024 14:10:00

The success of the rice sector is the fruit of a concerted effort spanning research, production and trade, with high-quality seeds delivered to farmers' hands, former Minister of Agriculture and Rural Development Cao Duc Phat has assessed.

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Vietnam to ramp up its semiconductor workforce

Wed, 17 Jul 2024 14:10:00

Prime Minister Pham Minh Chinh has issued directives in July for two ministries, focusing on developing the semiconductor sector’s workforce.

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European businesses express cautious optimism

Wed, 17 Jul 2024 14:10:00

Despite the country's robust first-half GDP growth, the EuroCham's Business Confidence Index (BCI) experienced a marginal decline from 52.8 points in the first quarter to 51.3 points in the second quarter of 2024, underscoring cautious optimism among the European business community.

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PM asks for solutions towards 95% of public investment disbursement rate

Wed, 17 Jul 2024 14:10:00

Prime Minister Pham Minh Chinh has asked for breakthrough solutions to fulfil the target of 95% in the disbursement rate of public investment capital in 2024.

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