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.
86.3% OF TENANTS IN IZS COME INTO OPERATION
The industrial zones (IZs) in Vinh Phuc province welcomed six new projects into operation in August 2023, bringing the total number of operational projects in the IZs to 403 (330 FDI projects and 73 DDI projects), which accounted for 86.3% of the total projects.
FRASERS PROPERTY VIETNAM RECEIVES LEED GOLD CERTIFICATION FOR NEW COMMERCIAL BUILDING
Frasers Property Vietnam announced on September 7 that its commercial building Worc@Q2 has received the Leadership in Energy and Environmental Design (LEED) Gold certification for Operations and Maintenance. Awarded by the U.S. Green Building Council (USGBC), the certification recognises Worc@Q2’s strong sustainable and healthy building practices.
VIETNAM EMERGES AS GROWTH ENGINE WITH FOCUS ON HIGHER QUALITY FDI
According to a joint report ‘Vietnam: A Global Engine of Growth’ released by Golden Gate Ventures and Boston Consulting Group on September 7, there is an expected increase in trade for ASEAN of $1 trillion by 2031, with China, Japan and South Korea, the EU and the US being some of the largest contributors. Within ASEAN, Vietnam will take centre stage in under a decade, as the country is already leading the pack in GDP growth.
SUMMER FEATURING PREMIUM LOBSTER AND SEAFOOD BUFFET
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.
LENDING RATE LAG STILL CAUSING BANK UNEASE
There has been a decline in savings interest rates in recent weeks. From August 23, Agribank continued to reduce deposit interest rates from 0.5 to 0.3 per cent to support individuals and businesses. Since the beginning of the year, Agribank’s deposit interest rate has decreased up to 4.5 per cent.
CLEAR REAL ESTATE OWNERSHIP RULES TO BENEFIT ALL PLAYERS
Vietnam has gained remarkable achievements in economic development thanks to the promotion of international economic integration and active participation in free trade agreements. Doan Van Binh, vice president of the Vietnam Real Estate Association, analyses improving the law on real estate ownership by foreigners in the context of implementing such deals.
