NEW WORLD HOIANA HOTEL - 會安南岸 新世界酒店
HKBAV & Taiwan Chambers in August & September 2024
Book: now till end of August 2024
Stay: now till 26 Sept 2024 (check out on 28 Sept)
TOP 8 FDI DESTINATIONS IN VIET NAM DURING JAN-JULY
Remarkably, the Amkor Group recently obtained an amended investment certificate to boost its investment by an additional US$1.07 billion for its semiconductor project in Bac Ninh. This decision has propelled the total investment in the Amkor project to US$1.6 billion, a staggering 11 years ahead of schedule.
SURVEY ON TAX AND CUSTOMS ISSUES: PREPARATIONS FOR 2024 DIALOGUE CONFERENCE
As part of its annual program and efforts to reform administrative procedures, Vietnam Chamber of Commerce and Industry (VCCI) will partner with the Ministry of Finance to host a national dialogue conference. This event will focus on tax, customs policies, and administrative procedures to address business challenges in 2024.
PRICE SO LOW –DON’T BE SLOW
SUPER PROMOTION: discount up to 15% on food at Jade Palace – Chinese Cuisine
Including buffet dimsum and menu alacarte. Apply from now until the end of August 31
The ideal, cozy dating location for family, friends or colleagues, not to be missed
VIET NAM’S E-COMMERCE MARKET BOOMING
Viet Nam's e-commerce sector is growing robustly, becoming a vital component of the country's digital economy. Retail e-commerce sales have increased at an average annual rate of 20 percent over the past decade, placing Viet Nam among the fastest-growing e-commerce markets globally and regionally.
GROUNDBREAKING CEREMONY MARKS LAUNCH OF READY-BUILT FACILITY SPECTRUM NGHE AN
Soilbuild International, an established real estate company from Singapore, has achieved a significant milestone in its expansion into the Vietnamese market. On August 1st, 2024, the company successfully held the groundbreaking ceremony for the Ready-Built Facility Spectrum Nghe An at Lot B1&2, WHA Industrial Zone 1 (Phase 2), Nghi Dong commune, Nghi Loc district, Nghe An province.
BANKS UNDER PRESSURE TO INCREASE CHEAP CAPITAL SOURCES
The cheap capital sources have become more important for banks when they have to reduce lending interest rates to boost credit growth, while still having to increase savings interest rates to lure depositors for the past three months. In this context, the cheap capital helps banks reduce lending rates to increase competitiveness while still maintaining high net interest margins (NIM).
DEPOSITS FLOWING BACK INTO BANKS
Deposits in the banking system are increasing in tandem with rising interest rates, amid a crisis in risky asset investment channels. According to the financial reports of banks for the first half of 2024 released in the past week, Vietnam's four largest state-owned commercial banks hold the highest customer deposit amounts, totalling approximately $267 billion.
