Vietnam’s GDP is anticipated to increase by approximately 5% in 2023, below the initial target yet significant in both regional and global contexts, Deputy Prime Minister Le Minh Khai stated. The government initially forecasted a 5% GDP growth in October, with Prime Minister Pham Minh Chinh informing the National Assembly …
Read More »Should I buy a house now or wait until next year?
If there is an urgent need to buy a house, this is a golden opportunity to search for one as prices are usually lower than at other times of the year, said an expert. Question from reader Nguyen Dong: I live and work in Ho Chi Minh City and currently …
Read More »Should I buy house now or wait until next year?
If there is an urgent need to buy a house, this is a golden opportunity to search for one as prices are usually lower than at other times of the year, said an expert. Question from reader Nguyen Dong: I live and work in Ho Chi Minh City and currently …
Read More »Top tourist destinations to ring in New Year with fireworks, countdown festivals
Vietnam will usher in 2024 with fireworks, music festivals and art programs at major tourist hubs on New Year’s Eve this Sunday. HCMC A high-altitude firework display will be set off at Saigon River Tunnel in downtown area, while a low-range firework show will take place at Dam Sen Cultural …
Read More »Foreign investment disbursement hits record high in 2023
A production line of Star Engineers Vietnam Co in Vĩnh Phúc Province’s Bình Xuyên Industrial Park. — VNA/VNS Photo Hoàng Hùng HÀ NỘI — Disbursement of foreign investment reached US$23.18 billion in 2023, up 3.5 per cent year-on-year and marking a record high thus far, a report from the Ministry …
Read More »Deposit interest rate hits record low
Customers make transactions at a Vietcombank office in Hà Nội. Interest rate for short-term deposits from 1-2 months at Vietcombank is currently only 1.9 per cent per year, a decrease of 0.3 percentage points compared to the previous week. — Photo tapchitaichinh.vn HÀ NỘI — Savings interest rates have set …
Read More »New strategies for attracting quality FDI to Việt Nam
Việt Nam Institute for Economic and Policy Research’s Vice President Nguyễn Quốc Việt Robust foreign direct investment (FDI) flows into Việt Nam has become the spotlight of the Vietnamese economy on the backdrop of global slowdown and rising uncertainty. The Government has switched the FDI attraction policies towards quality inflow …
Read More »Van Thinh Phat chairwoman laundered money through property, transferred it overseas
Van Thinh Phat chairwoman Truong My Lan laundered the money she illegitimately obtained from Saigon Commercial Bank by buying property projects and transferred it overseas. These violations have been uncovered in the second phase of the investigation into Lan’s crimes, Major General Nguyen Van Thanh, deputy head of the unit …
Read More »Surimi, fishmeal exports expected to climb to $1b
Fish is the main ingredient for making surimi. Exports of surimi and fishmeal could reach US$1 billion a year in the near future. — Photo courtesy of the association HCM CITY — Exports of surimi (fish paste) and fishmeal could reach US$1 billion a year in the near future, according …
Read More »Bình Định greenlights 22 investment ventures worth over $529 million
Investor of the VNĐ5.2 trillion An Quang Urban and Tourism area project receives the investment registration certificate. — Photo baocongthuong.vn BÌNH ĐỊNH — The People’s Committee of the south central province of Bình Định has granted approval and investment licences to 22 projects worth over VNĐ12.7 trillion (US$529.1 million) this …
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