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DA NANG TAKES LEAD IN DIGITAL TRANSFORMATION INDEX IN 2021
The central city of Da Nang topped the Digital Transformation Index (DTI) rankings for 2021, according to the Ministry of Information and Communications.
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DEPOSITS FLOWING BACK INTO BANKS
Deposits in the banking system are increasing in tandem with rising interest rates, amid a crisis in risky asset investment channels. According to the financial reports of banks for the first half of 2024 released in the past week, Vietnam's four largest state-owned commercial banks hold the highest customer deposit amounts, totalling approximately $267 billion.
BINH DUONG REALTY MARKET ENTICES INVESTING INFLUX
In the year to date, the southern province of Binh Duong has enticed a string of foreign-led projects into its realty market, focusing on the mid-income customer segment. In early August, TT Capital Investment Corporation and two Japanese partners - Cosmos Initia and Koterasu Group - agreed to develop affordable housing line in Binh Duong province and surrounding localities.
BANKS UNDER PRESSURE TO INCREASE CHEAP CAPITAL SOURCES
The cheap capital sources have become more important for banks when they have to reduce lending interest rates to boost credit growth, while still having to increase savings interest rates to lure depositors for the past three months. In this context, the cheap capital helps banks reduce lending rates to increase competitiveness while still maintaining high net interest margins (NIM).
GROUNDBREAKING CEREMONY MARKS LAUNCH OF READY-BUILT FACILITY SPECTRUM NGHE AN
Soilbuild International, an established real estate company from Singapore, has achieved a significant milestone in its expansion into the Vietnamese market. On August 1st, 2024, the company successfully held the groundbreaking ceremony for the Ready-Built Facility Spectrum Nghe An at Lot B1&2, WHA Industrial Zone 1 (Phase 2), Nghi Dong commune, Nghi Loc district, Nghe An province.
HONG KONG TO FACILITATE LISTINGS FOR VIETNAMESE COMPANIES
Hong Kong is exploring opportunities to strengthen bilateral ties across various industries, particularly focusing on the financial market. Bonnie Y Chan, CEO of Hong Kong Exchanges and Clearing (HKEX), talked to VIR's Luu Huong about how Hong Kong can share its expertise in developing financial centres and facilitate overseas listings of Vietnamese and other Southeast Asian companies.
VIETNAMPRINTPACK
With the impressive figures from Vietnam PrintPack 2023, Vietnam PrintPack 2024 is coming! The 22nd international printing and packaging exhibition will be held at the Saigon Exhibition and Convention Center (SECC) from September 18-21, 2024. With over 411 exhibitors from 17 countries and regions, this time promises to showcase the latest technology products in the industry as well as modern trends in the packaging and printing industry. Register now not to miss the opportunity to connect with leading companies.