Business News

The stock market holds potential for investment this year in the context of the macroeconomic recovery and a rebound in manufacturing and business activities across most sectors. Economic experts and business representatives shared this opinion at the Vietnam Wealth Advisor Summit (VWAS) 2024 "Adapting to Uncertainties", which took place on June 6 at the Pullman Hanoi Hotel.

Deputy Prime Minister Tran Hong Ha has announced that Vietnam will invest in several research centres to support universities and innovation hubs, with pilot production costs potentially reaching $7 billion, necessitating collaboration between the government and the private sector.

The State Bank of Viet Nam (SBV) asked all credit institutions including foreign bank branches to reduce lending annual interest rate by 1-2 percent in a bid to facilitate credit access and spur growth.

Despite remarkable strides in socioeconomic development, including economic growth, Vietnam continues to grapple with issues pertaining to the quality and sustainability of this growth. The country’s economic expansion is still heavily dependent on the augmentation of input resources and industries that are labor and resource-intensive. The influence of elements directly associated with enhancing quality, labor productivity, competitiveness, and innovation has not met anticipated standards.

2023 marks a challenging year for the world economy with the slowdown of consumption and production activities and escalating geopolitical tensions. Amidst global uncertainties, Vietnam demonstrated a high level of resilience and recorded a respectable annual GDP growth rate of 5.05% in 2023, which is 1.5 times higher than the global average. In addition, the stable flow of FDI capital in 2023, which was mainly directed towards the manufacturing sector, placed Vietnam among the most important links in the global supply chain.

Artfully prepared by our skilled chefs using the finest ingredients, Hanoi Hotel's Rice Dumplings exemplify culinary excellence with every bite for this year's Dragon Boat Festival. Beneath the bamboo leaves lies a soft, sticky layer of herb-infused glutinous rice and green beans, perfectly complementing a rich filling of pork, dried shrimp, lotus seeds, salted egg yolks, and more. This exquisite combination promises a gratifying culinary experience, reflecting Hanoi Hotel's dedication to deliver the best rice dumplings in town to our esteemed guests

The State Bank of Viet Nam (SBV) asked all credit institutions including foreign bank branches to reduce lending annual interest rate by 1-2 percent in a bid to facilitate credit access and spur growth. The central bank called on credit institutions to channel capital into traditional growth drivers, emerging industries, green transformation, circular economy, and social housing.

The development prospects of the Vietnamese economy in 2024 are very positive and driven by substantial foreign investment, especially in high-tech industries, according to Savills Viet Nam's report on investment in the Asia-Pacific region in the first quarter of 2024.