HCMC’S CREDIT GROWTH IN AUGUST PUT AT 1%
Bank loans in the city from January to August amounted to VND3,331 trillion, a 3.26% increase against the end of 2022 and a 5.62% rise over the same period last year. Of total outstanding loans, Vietnamese dong currency loans accounted for 94.7%, while foreign currency loans made up the remainder.
INTEREST RATE CUT EXPECTED TO STIMULATE DEMAND FOR HOME LOANS
According to a report by the State Bank of Vietnam (SBV), people's demand for home loans and home repairs decreased by 1.12 per cent in the first half of this year, while the loans increased by up to 31 per cent last year.
VIET NAM - GATEWAY TO ASEAN FOR CANADIAN BUSINESSES
The Viet Nam Trade Office in Canada coordinated with the Canada-ASEAN Business Council and the Institute of Researching New Challenges in Economic Globalization (NEME) of Laval University to organize a seminar to evaluate investment potential in Viet Nam and the Association of Southeast Asian Nations (ASEAN) region.
[HKETO] INFORMATION ON HONG KONG'S VISA FACILITATION
After our Secretary for Security, Mr Tang Ping-keung,'s official visit to Vietnam in late August, we would like to share more information on Hong Kong's visa facilitation to Vietnamese community as follows:
INDUSTRIAL HUBS TO PROPEL INNOVATION
Increasing emphasis on integrating innovation hubs into industrial parks is signifying a fresh direction in collaborative initiatives aimed at enhancing Vietnam’s industrial advancement. Vietnam’s Becamex IDC Corporation and Singapore’s Sembcorp, two pivotal stakeholders of the Vietnam-Singapore Industrial Park (VSIP), has unveiled the Vietnam-Singapore Innovation Centre in the southern province of Binh Duong.
HCMC TO CLEAR FOREST LAND FOR TRANSSHIPMENT PORT
As outlined in the project proposal, the Can Gio International Transshipment Port requires a total of 571 hectares of land. Of this, 90 hectares of mangrove forest would have to be cleared, including nearly 83 hectares of natural mangrove forest and seven hectares of land without trees. The project would also utilize 481 hectares of water surface.
ADB PROVIDES US$13.8 MILLION FOR ROOFTOP SOLAR PROJECTS IN VIETNAM
The Asian Development Bank (ADB) has signed a US$13.8 million deal with GreenYellow Smart Solutions Vietnam Company (GreenYellow) to support rooftop photovoltaic (PV) solar systems. This loan agreement will aid in developing and operating solar PV systems on the rooftops of commercial and industrial establishments across the country.
SUMMER COOLING WITH OTTIMO HOUSE
At LOTTE HOTEL SAIGON, the serene urban oasis swimming pool and the verdant LOTTE Park garden with its murmuring waterfall offer a peaceful and pleasant spot away from the hustle and bustle of city life.
