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BANKING / FINANCE / INSURANCE / TAX

2025 PIVOTAL FOR STOCK MARKET UPGRADE EFFORT

The Ministry of Finance (MoF) is expected to soon publish the entire content of the draft circular amending and supplementing four circulars on transactions, registration, depository, and clearing, as well as operations of securities companies and information disclosure. This move, along with feedback and explanations, aims to meet the criteria for upgrading Vietnam’s stock market.

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VIETNAM ECONOMY INVESTMENT

FDI INFLOW INTO VIETNAM REACHES NEARLY 15.2 BILLION USD

Vietnam attracted nearly 15.2 billion USD in foreign direct investment (FDI) in the first six months of this year, a year-on-year increase of 13.1 per cent, according to the General Statistics Office.

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VIETNAM ECONOMY INVESTMENT

GDP GROWTH REACHES 6.42 PC IN FIRST HALF

Vietnam's economy grew by 6.42 pc in the first six months of 2024, slightly lower than the figure of 6.58 pc in the same time of 2022 within the 2020-2024 period.

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PROPERTY / INDUSTRIAL ZONE

CAPITAL FLOWS STRONGLY INTO INDUSTRIAL REAL ESTATE

Industrial real estate has had easier access to bank credit since July, when the State Bank of Vietnam (SBV) reduced the credit risk coefficient for industrial real estate from 200 per cent to 160 per cent, encouraging commercial banks to lend to more projects in the segment.

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VIETNAM ECONOMY INVESTMENT

SPECIAL POLICIES PROPOSED TO DEVELOP THE SEMICONDUCTOR INDUSTRY

The draft law has proposed a number of outstanding policies to promote the development of the digital technology industry, develop the brand of Việt Nam's digital technology industry and develop domestic and foreign markets, as well as investing, purchasing and selecting suppliers of digital technology products and services using State budget capital.

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VIETNAM ECONOMY INVESTMENT

CONGLOMERATES AID FOREIGN MANUFACTURING INVESTMENT

The manufacturing and processing sector is attracting major investment from abroad, thanks to the expansion of key conglomerates, especially from South Korea. With total revenues of about $16.2 billion and profit of $400 million last year, Hyosung Group, which works in textiles and garments, industrial materials, IT, construction, and chemicals, has expressed its plan to expand operations in Vietnam.

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VIETNAM ECONOMY INVESTMENT

ESTABLISHING NATIONAL COMPREHENSIVE DATABASE FOR DIGITAL TRANSFORMATION

Vietnam's Ministry of Public Security is drafting the data law project to unify, synchronize and effectively use data for administration and social economic development, for digital government development and for administrative procedure reform.

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INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

VIETNAM REVISES IMPORT TARIFFS UNDER ASEAN-KOREA TRADE AGREEMENT

The Government of Vietnam has issued a decree to revise import tariffs under the ASEAN-Korea Free Trade Agreement (AKFTA) in the 2022-2027 period. Under Decree No. 81/2024/ND-CP, goods such as live animals, meat, and meat by-products intended for consumption post-slaughter will now enjoy a zero percent AKFTA tariff.


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