LOW BANK RATES FAIL TO STIMULATE STRONG CAPITAL INFLUX INTO SECURITIES MARKET
The domestic stock market in Việt Nam, comprising the HOSE, HNX, and UPCoM exchanges, has shown improvement in transaction value since the beginning of the second quarter. The average session value has risen from US$476 million in the first quarter to $677 million in the second quarter and further to $1.01 billion in the third quarter of 2023.
DEVELOPMENT FRAMEWORK NEEDED FOR WIND POWER SALES
Earlier, the Singapore government approved in principle the sale of 1.2GW from a 2.3GW offshore wind farm under the management of the PetroVietnam Technical Services Corporation (PTSC) - a member of the Vietnam Oil and Gas Group (PVN), to the Southeast Asian island nation through a high-voltage undersea cable.
DEVELOPING THE CARBON MARKET IS KEY TO GREEN TRANSITION
The World Bank Group's Country Report on Climate and Development for Việt Nam in 2022 highlights that the effects of climate change cost the country roughly US$10 billion in 2020, approximately 3.2 per cent of GDP. By 2050, the entire economic expense associated with climate change could reach $523 billion.
LOGISTICS ACQUISITIONS ATTRACT BILLIONS IN US DOLLARS
Although the financial terms of the transaction were not disclosed, Brooke Miller, Asia Pacific president at Lineage commented that partnering with SK Logistics is a remarkable opportunity for the company to continue delivering its cold storage solutions in the Asia Pacific region.
VIET NAM’S STABILITY, OPENNESS KEY TO NEW FDI COMMITMENTS
Cumulative foreign direct investment (FDI) commitment in Viet Nam increased despite global uncertainties, thanks to continued confidence in Viet Nam’s stability and openness, noted the World Bank (WB). In its Viet Nam Macro Monitoring for October 2023 report, the WB said, FDI commitment in Viet Nam for the first 10 months of 2023 reached US$25.7 billion, 14.7 percent higher than the same period last year.
TRADITIONAL KOREAN SNOW ICE CREAM - BINGSU
CULINARY COLORS OF LOTTE HOTEL SAIGON
In harmony with the colorful culinary style of LOTTE HOTEL SAIGON, in November, we offer extremely attractive promotions:
HOIANA RESORT & GOLF FESTIVE STAYCATION PACKAGE!
Plan your next vacation to Hoi An, Viet Nam – one of the UNESCO World Heritage Sites and poised to be the hottest global destination and grab the deal to stay at Hoiana Resort & Golf – Vietnam world-class premier beachfront integrated resort!
ASEAN INTERNSHIP SCHEME FOR HONG KONG HIGHER EDUCATION STUDENTS
By way of background, the scheme was launched in 2014 to provide overseas internship opportunities for students of 11 HK tertiary institutions (8 govt-funded universities + 2 private universities + HK Academy of Performing Arts) to widen their horizons while cultivating them as "ambassadors" to strengthen HK-ASEAN bilateral ties. To date, over 860 students have joined the scheme in the past years, interning in three Economic and Trade Offices (Singapore, Bangkok and Jakarta), APEC Secretariat, and various private companies in the fields of aviation, port, finance, law, education, MICE etc.
