Card image cap
VIETNAM ECONOMY INVESTMENT

PLANNING APPROVED FOR HAI DUONG PROVINCE IN 2021-2030 AND TO 2050

Deputy Prime Minister Tran Hong Ha ratified Decision 1639/QD-TTg on December 19, 2023, endorsing the planning for Hai Duong province for the period 2021-2030, with a vision extending to 2050. The planning scope encompasses the entire natural expanse of Hai Duong province, spanning an area of 1,668.28 km². This includes 12 district-level administrative divisions and 235 commune-level administrative units.

Card image cap
VIETNAM ECONOMY INVESTMENT

VIETNAM’S ECONOMY PROJECTED TO GROW BY 6% IN 2024

The Asian Development Bank (ADB) has adjusted its growth forecast for Vietnam in 2023 to 5.2%, down from the previous estimate of 5.8% in September. However, the projection for 2024 remains unchanged at 6%, as stated in the Asian Development Outlook (ADO) released in December 2023.

Card image cap
VIETNAM ECONOMY INVESTMENT

NEW LAW CLEARS PATH FOR FOREIGN BUYERS

The new Law on Housing passed by the National Assembly will bring positive changes related to housing ownership of foreigners in Vietnam when it comes into effect in 2025. Talking with VIR, Le Tuan Anh, managing partner of DN Legal, said that foreigners’ right to buy and sell housing from fellow non-nationals is recognised in the new legislation, which was passed on November 27.

Card image cap
VIETNAM ECONOMY INVESTMENT

REGIONAL ECONOMIES TO SEE SLIGHT GROWTH NEXT YEAR – REPORT

The Mastercard Economics Institute (MEI) has expected modest growth across Asia Pacific in 2024, although regional economies may stabilize and key drivers like exports and tourism approach pre-pandemic levels. The region’s outlook, detailed in the report “Economic Outlook: Balancing Prices & Priorities”, forecast upward trends in economic performance in Singapore, Malaysia, the Philippines and Vietnam.

Card image cap
VIETNAM ECONOMY INVESTMENT

HONG KONG FOR VIETNAM: FINANCIAL GATEWAY TO GBA, ASIA AND THE WORLD

This is an event in a series of promotional activities organized by VCCI-HCM in collaboration with the Hong Kong Economic and Trade Office in Singapore (HKETOSIN) and Hong Kong Investment Promotion Bureau (InvestHK) to promote cooperation between Hong Kong - Ho Chi Minh City in particular and Hong Kong - Vietnam in general.

Card image cap
VIETNAM ECONOMY INVESTMENT

VIET NAM SHOULD EXTEND IMPLEMENTATION OF ECONOMIC SUPPORT PROGRAM INTO NEXT YEAR: WB

As Viet Nam’s economy still faces headwinds, the authorities could consider extending the implementation of the economic support program (2022-2023) into next year, suggested the World Bank (WB). In its Viet Nam Macro-monitoring November 2023, the WB noted that November data continued to show improvement in economic activities.

Card image cap
VIETNAM ECONOMY INVESTMENT

MULTIDIMENSIONAL POVERTY RATE TO REDUCE TO 2.93 PER CENT AT END OF 2023

The multidimensional poverty rate in Vietnam will reduce to 2.93 per cent in 2023, a drop of 1.1 percentage points compared to last year, according to the Government’s report on the implementation of the national programme on sustainable poverty reduction.

Card image cap
VIETNAM ECONOMY INVESTMENT

VIET NAM-U.S. TRADE EXCEEDS US$100 BLN IN 11 MONTHS

Bilateral trade between Viet Nam and the U.S. hit US$100.62 billion over the last 11 months of this year amidst the global trade slowdown. The above figure was announced at the U.S.-Viet Nam Trade and Investment Framework Agreement (TIFA) Joint Council Meeting that took place in Ha Noi on December 6.


Technology Sponsor