Business

A US$5.08 billion package in preferential lending rates for social housing developments started to see first disbursement, a positive signal after the development of affordable homes had been in stagnation for several years.

Credit institutions forecast the demand for banking services will be buoyant in the remaining months of this year, according to a survey of the State Bank of Vietnam.

National flag carrier Vietnam Airlines has announced it will put three Airbus A321 CEOs up for auction.

Vietnam’s economic growth this year can reach up to 6.46% in the best-case scenario, the Central Institute for Economic Management (CIEM) announced during a workshop organised on July 10 in Hanoi.

With the expectation that interest rates will continue to fall in the coming quarters while corporate profits begin to recover, brokerages forecast that the Vietnamese stock market will be uplifted in the second half of 2023.

The domestic real estate market is forecast to recover in the second half of the year thanks to policies issued so far in 2023.

Although Vietnamese rice has been exported to 150 countries and territories, markets for the product are mainly Asian countries and thus need to be diversified, according to experts.

HCM City’s first metro line project has implemented 95.39 percent of the work so far and will be completed by the end of this year before being put into operation next year.

Approximately 91% of German businesses have expressed their keen interest in pouring further investment and expanding their operations in Vietnam, according to a survey recently conducted by the German Chamber of Commerce and Industry.

A total of 12 memoranda of understanding (MoUs) on sustainability, digitization, financial services, and human resources development were signed at the seventh Singapore Regional Business Forum (SRBF) held for the first time in Hanoi on July 7.

Government reductions in registration fees and an extension on the payment of excise tax could be the main drivers for the recovery of the auto industry in the second half of this year.

Despite Vietnam’s GDP in the second quarter rising by a higher-than-expected pace of 4.1% on-year, HSBC reduced the growth forecast for 2023 to 5.0% from the previous figure of 5.2%.

A second airport in the capital region is expected to take shape by 2050 to ease the burden on the Noi Bai International Airport, according to the Ministry of Transport.

Despite a 4.3% reduction in the volume of foreign investment inflows into Vietnam in the first half of the year, experts said there are positive signs when looking into the structure of the investment.

The information technology labour market in Vietnam still lacks a large number of qualified personnel, especially in fields of artificial intelligence, data and information security, an expert has said.

The goal of keeping inflation under 4.5% this year will be totally feasible, as the rate may range between 2.5-3.5%, experts said at a seminar held in Hanoi on July 4.

The southern economic hub of Ho Chi Minh City will build seven new logistic centres from now to 2025, the municipal People’s Committee said on July 3.

Vietnam can return to high growth rates over the medium term, as structural reforms are implemented, Division Chief of the International Monetary Fund’s Fiscal Affairs Department Paulo Medas has said.

Petroleum prices fell from 3 pm on Monday, the first drop in nearly two months.