Economics News - VCCI - Vietnam Chamber of Commerce and Industry

VCCI Ecoinomics news

Electronic payment continues to flourish in Vietnam

The trend of electronic and non-cash payments in the Vietnamese economy in 2023 continued to record growth of 52.35 per cent in volume over the same period last year.

Thu, Jul 06, 2023, 15:57:00

Norwegian fund expected to lead SeABank private share offering

Southeast Asia Commercial Joint-Stock Bank (SeABank) plans to issue up to 94.6 million shares, with the Norwegian Investment Fund, Norfund, being the expected primary investor, signifying a significant bolstering of foreign investment. Norwegian fund expected to lead SeABank private share offering

Thu, Jul 06, 2023, 15:57:00

Mastercard expands collaboration with SmartPay to accelerate cashless payment adoption

SmartPay and Mastercard have announced a significant expansion of their strategic partnership in Vietnam on July 5, with the aim of implementing a digital payment service through Mastercard's QR code. The primary objective of this collaboration is to bolster the digital payment acceptance capabilities of micro, small, and medium-sized enterprises and empower them in their operations.

Thu, Jul 06, 2023, 15:57:00

Positive developments in the real estate market

The SBV has received 24 social housing initiative applications for a $5 billion loan package in six provinces, including 15 social housing projects in the provinces of Bac Giang, Tra Vinh, and Tay Ninh, and nine projects in the provinces of Binh Dinh, Phu Tho, and Ba Ria-Vung Tau.

Thu, Jul 06, 2023, 15:57:00

Vietnamese real estate heavyweights Novaland and Hung Thinh receive government support

Major Vietnamese property developers Novaland and Hung Thinh are receiving strategic governmental support to untangle the regulatory complexities with their ambitious projects situated in Dong Nai and Binh Thuan, according to an announcement made by Deputy Minister of Construction Nguyen Tuong Van.

Thu, Jul 06, 2023, 15:57:00

Salary gaps must be addressed through upskilling

Addressing income disparities between domestic and foreign workers in Vietnam requires collaboration and learning from international cases. Christopher Lee, director of Management Consulting and Workforce Transformation at PwC Vietnam, told VIR’s Linh Le about the focus on developing capabilities and upskilling the local workforce.

Thu, Jul 06, 2023, 15:57:00

Positive signs in FDI inflows in H1

Despite a 4.3 per cent reduction in the volume of foreign investment inflows into Vietnam in the first half of the year, experts said there are positive signs when looking into the structure of the investment.

Thu, Jul 06, 2023, 15:57:00