VINH PHUC ATTRACTS OVER US$430 MLN OF FDI FUND IN H1, 2024
Currently, 20 countries and territories have investment projects in the province. South Korea has the most investors, with 231 projects and more than US$3 billion of registered capital. These figures show that FDI flows into Vinh Phuc province continue to grow and set new records in the context of challenging economy.
RETAIL SALES, SERVICES REVENUE UP IN SEVEN MONTHS
In July alone, the value was VNĐ528.3 trillion, a rise of 9.4 per cent from the same period last year, with food sales up 12.1 per cent, household utensils 5.3 per cent, garments 6.9 per cent, lodging and catering services 13.9 per cent and tourism 6.8 per cent.
VIETNAM’S ECONOMIC OUTLOOK OPTIMISTIC YET NECESSARILY PRUDENT
The Asian Development Bank (ADB) maintained its growth forecasts for Vietnam at 6.0% and 6.2% in 2024 and 2025, respectively, on the back of strong growth in the first half of 2024. However, the trade-related manufacturing - one of the main drivers of recovery - is expected to slow down in the coming time while domestic demand will remain subdued. Inflation is projected to stabilize at 4% in 2024 and 2025.
CPI ROSE 0.48 PER CENT IN JULY AFTER BASE SALARY INCREASES
The consumer price index (CPI) rose 0.48 per cent in July on rising domestic petrol prices, higher demand for electricity and higher health insurance premiums following a 30 per cent increase in base salaries from the beginning of this month, data of the General Statistics Office (GSO) showed.
AI AND DIGITAL ASSETS OFFER NEW INVESTMENT OPPORTUNITIES
Speaking at a conference on H2 investment opportunities, Dat Tong, senior market strategist of Exness Investment Bank, said, “The advent of working from home during the pandemic is here to stay, but there is much debate about the productivity of working from home. However, it cannot be denied that the adoption of technology by employees increases to an unprecedented high level due.”
30 HONG KONG COMPANIES TO VISIT VIETNAM
Organised by the Hong Kong Trade Development Council (HKTDC), the delegation will include HKSAR Government principal officials, and some 30 leaders of enterprises and conglomerates operating finance and insurance; innovation and technology; professional services; infrastructure, transport and logistics; energy and hospitality.
VIETNAM REPORTS $18 BILLION IN FDI BETWEEN JANUARY AND JULY
Vietnam reported more than $18 billion in foreign direct investment (FDI) in the year to July 20, an on-year increase of 10.9 per cent, according to data from the Foreign Investment Agency under the Ministry of Planning and Investment.
GREEN LOGISTICS TRANSFORMING PERCEPTION INTO ACTION
The development of green supply chains and green logistics is no longer a distant future concern; it has become an urgent necessity for businesses today. Adopting green supply chain practices is essential for survival and growth in the modern market. Companies that are slow to embrace these sustainable practices risk facing significant challenges and may even be pushed out of the market.
