LENDING SLOWDOWN THREATENS TO DELAY REAL ESTATE RECOVERY
Phan Duc Tu, chairman of BIDV’s Board of Directors, said, “Over the first 80 days of 2024, BIDV has disbursed loans totalling $18.95 billion to the economy. However, the figure is lower than its debt repayment of $19.55 billion. As of March 11, the bank’s outstanding balance contracted approximately 1 per cent compared with the end of 2023.”
US AND VIETNAM BUILD MOMENTUM WITH UPGRADED TIES
In the six months since the historic upgrade of the US-Vietnam relationship to a Comprehensive Strategic Partnership, the United States and Vietnam have built on the momentum of our elevated relationship to advance bilateral cooperation across a range of areas.
VIETNAM RANKS IN TOP 5 FAVOURITE INVESTMENT DESTINATIONS AMONG ASIA’S EMERGING AND DEVELOPING COUNTRIES
The US' Milken Institute released the Global Opportunity Index (GOI) on March 5. The GOI remains a strong predictor of capital movements 10 years after its inception. The index alone explains 64.7 per cent of the variation in per capita foreign direct investment (FDI) inflows and 51.7 per cent of per capita portfolio inflows to countries across the world. The 2024 GOI report provides a global overview of countries' attractiveness and capital inflows.
BUSINESSES FACE MOUNTING HARDSHIPS AMID RATE HIKE
A US Federal Reserve policy meeting is taking place this week on March 20 with the Fed forecast to retain the current base rate to deal with inflation concerns. The move will mean the US dollar remains at a high level, putting pressure on domestic currencies around the world.
INDEX OF INDUSTRIAL PRODUCTION UP 5.7% IN JANUARY-FEBRUARY
Vietnam’s Index of Industrial Production (IIP) rose 5.7% year-on-year in the opening two months of 2024, according to the General Statistics Office of Vietnam.
SOCIAL HOUSING NEEDED TO BOOST CAPITAL IN REAL ESTATE
Amid a gloomy real estate market, experts have pointed out that the affordable housing segment is the key to mobilising capital.Le Xuan Nghia, an economist, suggests that focusing on developing affordable housing projects instead of social housing or worker housing under stringent conditions would help stimulate real estate capital flow.
VIETNAMESE ECONOMY PROCEEDING AS PREDICTED: EXPERTS
Singapore’s United Overseas Bank (UOB) has based its assessment of the macroeconomic indicators in the first two months of 2024, concluding that Vietnam’s economic recovery is heading in the right direction.
VIETNAM RANKS IN TOP 5 FAVOURITE INVESTMENT DESTINATIONS AMONG ASIA’S EMERGING AND DEVELOPING COUNTRIES
Accordingly, Vietnam placed 65th in this year's ranking globally. Meanwhile, among Asian emerging and developing (E&D) economies, Vietnam proved an investor favourite and ranked 5th in the region, trailing behind Malaysia, Thailand, China, and Indonesia.
