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.
CREDIT INSTITUTIONS URGED TO CUT LENDING RATES BY 1-2%
The State Bank of Viet Nam (SBV) asked all credit institutions including foreign bank branches to reduce lending annual interest rate by 1-2 percent in a bid to facilitate credit access and spur growth. The central bank called on credit institutions to channel capital into traditional growth drivers, emerging industries, green transformation, circular economy, and social housing.
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.
CELEBRATE THE DRAGON BOAT FESTIVAL WITH LONG TRIEU’S EXCLUSIVE RICE DUMPLING
Long Trieu Restaurant launched an exclusive rice dumpling collection for the 2024 Dragon Boat Festival, which is also known as the Doan Ngo Festival in Vietnamese culture. Wrapped in bamboo leaves, these emerald parcels are more than just a delicious treat. They are a cultural treasure, a story whispered through generations, and a way to honour our ancestors.
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.
