Business News

The Hanoi residential real estate market is encountering significant challenges in terms of undersupply, particularly in the realm of affordable housing. Both low-rise buildings and flats are currently experiencing the most substantial shortage in new supply witnessed over the past decade.

Hau Giang Industrial Zones Authority, established under the Prime Minister’s Decision 366/QD-TTg dated March 29, 2007, performs functions and tasks assigned by Decision 02/2023 /QD-UBND dated January 4, 2023 of the Hau Giang Provincial People's Committee on its functions, tasks, powers and organizational structure. During 17 years of construction and development, the authority has affirmed its role, position and name and made effective contributions to local socioeconomic development.

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Renowned as a leading industrial park developer in Vietnam, Viglacera boasts over two decades of experience, successfully attracting global technology giants such as Samsung, Amkor, Foxconn, and Qisda, etc. Going beyond existing stringent standards, Viglacera is pushing industrial parks (IPs) into new frontiers by taking the lead in developing green and smart IPs to attract environmentally friendly projects.

Vietnam’s economic trajectory in the first quarter of this year indicates solid growth momentum, with gross domestic product (GDP) expected to grow by 5.5% year-on-year, according to a report of the United Overseas Bank (UOB). The positive outlook comes on the heels of a robust recovery in the fourth quarter last year, where GDP growth accelerated to 6.72% year-on-year, largely driven by a rebound in manufacturing.

The Việt Nam Chamber of Commerce and Industry has proposed a zero-value added tax (VAT) rate to be maintained for exported services, over worries that tax hikes would undermine the competitiveness of Vietnamese providers against foreign rivals.

During a dialogue held by Vietnam Investment Review on Monday, experts said under the Law on Credit Institutions, which will take effect from July 1 this year, banks must reduce the loan limit for a customer from 15 per cent to 10 per cent, and for a customer and their related parties from 20 per cent to 15 per cent according to a roadmap from July 1, 2024 to January 1, 2029.

Việt Nam’s exports have been on a path of recovery since the beginning of the year. According to a report from the General Statistics Office (GSO), the total export turnover of goods in the first two months of 2024 reached US$59.34 billion, a 19.2 per cent increase compared to the same period last year.