VIETNAM EMERGES AS GROWTH ENGINE WITH FOCUS ON HIGHER QUALITY FDI
According to a joint report ‘Vietnam: A Global Engine of Growth’ released by Golden Gate Ventures and Boston Consulting Group on September 7, there is an expected increase in trade for ASEAN of $1 trillion by 2031, with China, Japan and South Korea, the EU and the US being some of the largest contributors. Within ASEAN, Vietnam will take centre stage in under a decade, as the country is already leading the pack in GDP growth.
CLEAR REAL ESTATE OWNERSHIP RULES TO BENEFIT ALL PLAYERS
Vietnam has gained remarkable achievements in economic development thanks to the promotion of international economic integration and active participation in free trade agreements. Doan Van Binh, vice president of the Vietnam Real Estate Association, analyses improving the law on real estate ownership by foreigners in the context of implementing such deals.
VIET NAM REPORTS RECORD BUSINESS REGISTRATION GROWTH IN FIRST EIGHT MONTHS
New business registration reached a record high of more than 103,000 firms in the first eight months of 2023, according to the Ministry of Planning and Investment (MoPI). The above figure includes more than 14,000 firms established in August, representing a year-on-year increase of 17.9 percent and a month-on-month growth of 14.05 percent.
CAN THO TO ANNOUNCE 2021-2030 PLANNING, PROMOTE INVESTMENT
To be organised by the municipal People’s Committee, the event is expected to draw 400-600 domestic participants, including leaders of the Government, ministry, central agencies and of such localities as Hanoi, Ho Chi Minh City, Hai Phong, Da Nang, and those in the Mekong Delta region.
DRAFT ON NEW GREEN POWER PRICING STRUCTURE EXPECTED IN NOVEMBER
The Ministry of Industry and Trade (MoIT) is currently gathering data for a draft, expected in November, on the best approach to building a new pricing structure for solar and wind power. According to the draft, the solar power price will be determined based on the intensity of sunlight in each region, with the northern price bracket remaining higher to stimulate investment.
CPI INCREASES 0.88 PER CENT IN AUGUST
Việt Nam's consumer price index (CPI) this month increased 0.88 per cent month-on-month, fueled by higher prices of petroleum, rice and housing, the General Statistics Office (GSO) announced on Tuesday.
FDI INFLOWS GROW 8.2% IN JANUARY-AUGUST PERIOD
Foreign direct investment (FDI) inflows to Viet Nam grew 8.2 percent year-on-year to nearly US$18.15 billion in the first eight months this year, official statistic data shows.
HANOI’S INDUSTRY AND TRADE SEEING ROBUST DEVELOPMENT
Fifteen years after it expanded its administrative boundaries, Vietnam’s capital Hanoi has enjoyed rosy development in various fields, including industry and trade.
