RAPID LAW IMPLEMENTATION MAY PROPEL MARKET FORTUNES
“Investors and developers are looking forward to the implementation of the new law, which will remove obstacles for a range of projects that are struggling due to stalled procedures and lack of legality. For them, the earlier the better,” he said.
CUSTOMS BUDGET REVENUE EXPERIENCES 3% DECLINE IN Q1
Vietnam’s import and export value reached a total of US$145.59 billion in the first quarter (Q1) of 2024, marking a year-on-year growth of 18.2%. However, the customs budget revenue saw a 3% year-on-year decline, amounting to VND71,520 billion in the quarter, thereby achieving 19.1% of the full-year target.
OPTIMIZING LEGAL AND REGULATORY FRAMEWORKS FOR EFFICIENT PUBLIC INVESTMENT DISBURSEMENT
According to the Ministry of Planning and Investment, a 1% increase in public investment raises GDP by 0.058%, and each VND1 disbursed stimulates an extra VND1.61 from the non-state sector. However, plan implementation often falls short at around 80% annually, despite government efforts.
VN COMMITS TO FACILITATE RELIGIOUS ACTIVITIES WITHIN LEGAL FRAMEWORK
Minister of Foreign Affairs Bùi Thanh Sơn affirmed that Việt Nam always pays attention to and facilitates religious activities, including Catholicism, to thrive within the bounds of the Constitution and legal framework.
RENEWABLE ENERGY – LEADING SOLUTION TO CLIMATE CHANGE MITIGATION IN ASEAN
Investing in renewable energy sources is as a palliative measure for ASEAN to mitigate climate change, according to Vice President of Infrastructure Solutions at Malaysian-based Vertiv Chee Hoe Ling.
HANOI TO ESTABLISH THIRD CITY COMPRISING TWO DISTRICTS
The People's Committee of Hanoi has presented an adjusted planning scheme for the city's overall development until 2045, with a vision for 2065, foreseeing population growth reaching 12 million by 2030, 14.6 million by 2045 and 15.5 million by 2050.
VIETNAM'S ECONOMIC GROWTH EXPECTED TO PICK UP IN 2024
Vietnam’s economy is expected to post 6 per cent growth in 2024, up from 5.1 per cent growth in 2023, on the back of improving external demand, a pickup in domestic demand, and robust foreign direct investment (FDI) inflows, according to a report by the ASEAN+3 Macroeconomic Research Office (AMRO) released on April 9.
INFRASTRUCTURE FOCUS SETS STAGE FOR REAL ESTATE BONANZA
Although infrastructure development in Vietnam’s biggest cities is gradually helping to bolster real estate in neighbouring areas and push up prices, investors are advised to remain cautious and take local livelihoods into account. Located in Thu Duc of Ho Chi Minh City, the Dong Tang Long project was once expected to be a model urban area, but it has remained unused for many years and is now a series of abandoned and degraded villas.
