HONG KONG BUSINESS ASSOCIATION VIETNAM

VIETNAM ECONOMY INVESTMENT

SECURE E-CONTRACTS PAVE THE WAY FOR BUSINESS DIGITAL TRANSFORMATION

At the forum, participating businesses unanimously agreed on the need to further strengthen policies related to e-contracts to address practical challenges. Issues such as high costs, complex procedures, and limited acceptance by third parties remain significant barriers.

Oct 16, 2024

VIETNAM ECONOMY INVESTMENT

VIETNAM'S 2024 GDP GROWTH FORECAST RAISED TO 7 PER CENT

There have been concerns that the impact of Typhoon Yagi, the strongest storm Vietnam faced in 70 years, would weigh on growth. The northern provinces were hit particularly hard in early September, with damages estimated at over $3 billion.

Oct 14, 2024

VIETNAM ECONOMY INVESTMENT

BOOSTING SEMICONDUCTOR INVESTMENT

According to the Provincial Planning for 2021-2030, with a vision to 2050, recently approved by the Prime Minister, Vinh Phuc province will prioritize industrial development, particularly in semiconductor projects, attracting significant investment from major semiconductor corporations.

Oct 14, 2024

VIETNAM ECONOMY INVESTMENT

VIETNAM REVS UP FOR GREATLY IMPROVED AUTO INDUSTRY

Under a draft strategy for the development of the automobile industry through to 2030 sent to the government late last month, the market in Vietnam will grow by 14-16 per cent annually by the end of the decade, with total consumption of over one million units. Of these, electric and hybrid vehicles are expected to account for 350,000 units.

Oct 14, 2024

VIETNAM ECONOMY INVESTMENT

FOREIGN EXCHANGE RATE INCREASES AGAIN IN OCTOBER

According to experts, the exchange rate has increased again due to a recovery of the US dollar price in the international market and a slowdown in Việt Nam’s trade surplus. After cooling down in August 2024 and bottoming out at the end of September, the USD/VNĐ exchange rate has shown signs of increasing again since the beginning of October.

Oct 14, 2024