Business News

According to recent data released by Vietnam Electricity (EVN), as of August 11, nearly 93 per cent of renewable-energy transition projects have submitted their profiles to the Power Purchase Department for price negotiations and power purchase agreement (PPA) consultations, a substantial achievement for just over three months of rigorous effort.

Eternal Moonlight
Nguyet boi minh on the Mid-Autumn Festival, when the moon is at its brightest. Through the unique flavors in the Nguyet Boi Minh mooncake collection. New World Saigon Hotel wishes you smooth sailing in your next journey of this year, be it in health, work, or relationships.

Ho Chi Minh City, Vietnam - The Reverie Saigon, renowned for its opulence and impeccable hospitality, is pleased to unveil a trio of exclusive offers that promise to elevate the guest experience to new heights. Whether seeking a dreamy staycation, indulging in delectable mooncakes, or celebrating the National Holiday in opulent luxury, The Reverie Saigon invites guests to embark on an extraordinary journey of luxury and pampering.

Treat your senses to our enhanced Business during your flight to North America, Japan, and Europe. Settle down in award-winning seats, wrap yourself in luxuriously soft bedding, savour bold flavours with our restaurant-style dining, and stay refreshed with a selection of Bamford skincare products.

1. Lending rate forecast to drop sharply in H2 2023
2. Lender SHB increases charter capital
3. VAT policy discriminates against local businesses: VCCI
4. E-commerce boosted to fuel sale of Vietnamese goods
5. New wave in Vietnam's wood processing industry
----and more news

Lending interest rates will drop sharply in the second half of 2023 as capital costs of commercial banks are falling, analysts forecast. In a recent report, VnDirect’s analysts said they believe lower lending rates will be the factor that promotes the recovery of consumption and private investment in the coming quarters.

Mergers and acquisitions between domestic and international real estate developers were down in the first half of the year, but could be a future bright spot with Vietnam boasting attractive economic fundamentals and investors biding their time.

According to the latest report by the World Bank, Vietnam’s economy is expected to grow by 4.7 per cent in 2023, with a slow recovery to 5.5 per cent in 2024 and 6 per cent in 2025. After registering 8 per cent real GDP growth in 2022, Vietnam’s economic growth decelerated sharply in the first half of 2023, reflecting a global slump and weaker domestic demand.