FDI TO BE EXPANDED WITH GREEN FOCUS
Vietnam is projected to improve its trade and investment flows as global demands increase, with a green trend on the rise in supply chains. At last week’s Asia-Pacific Dialogue event organised by the Association of Chartered Certified Accountants (ACCA) in Hanoi, Vietnam was said to boast great potential in addition to a production and business climate fuelled by rising global demand.
POTENTIAL ROADMAP FOR VIETNAM TO ACHIEVE NET ZERO BY 2050
In its National Strategy on Climate Change, Vietnam has set targets for emissions reduction. The country aims to cut greenhouse gas emissions by 43.5% by 2030, with practical and effective support from the international community. Additionally, Vietnam has established sector-specific emissions targets for both 2030 and 2050, along with qualitative proposals to achieve these goals.
EU INTERESTED IN SUPPORTING VIỆT NAM’S GROWTH AS A SUSTAINABLE PARTNER
The European Union sees Việt Nam as one of its key partners within ASEAN and is working with the Vietnamese Government on a green strategy called Global Gateway, said Myriam Ferran, Deputy Director General at the European Commission Directorate General for International Partnerships.
VN-INDEX INCREASES SLIGHTLY, LIQUIDITY DROPS TO THE LOWEST IN TEN SESSIONS
The market opened the new week on a positive note with many stocks witnessing gains, while liquidity decreased sharply. On the Hồ Chí Minh Stock Exchange (HoSE), the benchmark VN-Index increased by 5.75 points, or 0.46 per cent, to 1,267.68 points. This marked a day of growth following a strong decline on Friday.
INNOVATION PROPS UP ESG PROSPECTS
Keppel, FiCO Pan-United Concrete, and Coteccons Construction JSC earlier in May signed an MoU to explore the use of sustainable concrete, ready-mix mortar, and other innovative architectural materials, as well as construction methodologies utilising 3D printing in The Infiniti, the third phase of Keppel’s Riviera Point residential development.
VIETNAM WELL-PLACED TO REMAIN STRATEGIC M&A LEADER
A number of potential deals in the pipeline signifies bright prospects for Vietnam’s mergers and acquisitions landscape. SCGJWD Logistics (SJWD), the logistics arm under Siam Cement Group (SCG), in early May announced that it is purchasing SCG International Vietnam Co., Ltd. (SCG Inter VN) for approximately $5.4 million.
GOVERNMENT COMMITS TO WIDE SUPPORT TOWARDS 2025
The government will continue to expand the fiscal policy in a bid to assist those struggling and to achieve the desired economic growth target for the year. Deputy Prime Minister Le Minh Khai last week reported to the National Assembly (NA) that the government will provide more practical support for the public and businesses as part of its agenda.
HOUSING ATTRACTIVE FOR FOREIGN DEVELOPERS
The flow of foreign capital invested in real estate in the first four months of the year has been impressive, but the domestic market has not yet fully recovered. According to the Ministry of Planning and Investment, foreign capital into real estate in the first four months reached $1.68 billion, four times higher than the same period in 2023.
