Vietnam 20241107: Charismatic, Formative, Phenomenological
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Headlines:
PM Pushes Chinese Infrastructure Investment
Lending Rates Cut to Boost Consumption
VN, KH Leaders Hail Progress in Relations
Estonia Comes to Explore ICT Opportunities
October Trade Surplus Lowest Since May
Hydropower Firms See Strong Q3 Profit Growth
VCCI Reports Effort to Improve Business Climate
Vietnam Draws 14M Visitors in 10 Months
Industrial Production Index Up 8.3% YTD
Hanoi Strength Draws in Foreign Investors
Vietnam Builds Trade Ties with Middle East
Hospitality and Real Estate Set for Growth
Port Expansion Planned for Binh Dinh
Top 3 in ASEAN Industrial Competitiveness
Maersk Opens First Bonded Warehouse in Vietnam
EVN Proposes Trial of Two-Tier Electricity Pricing
Property Tax Regime Set for 2024
Vietnam, Canada Double Down on Cooperation
Fruit & Veg Exports Set for Record
ASEAN's Fastest Growing Economy in 2024
Kindergarteners Stable After Rat Poison Scare
PM Pushes Chinese Infrastructure Investment
Prime Minister Phạm Minh Chinh has called on Chinese infrastructure and energy companies to expand investment and support in Vietnam through projects in railways, expressways, clean energy and electricity distribution. PM Chinh welcomed CRCC's plan to increase investment, promising government support to ensure successful business operations. He also encouraged participation in railways connecting Vietnam with China, as well as the North-South Expressway. Working with China Huadian Corporation and Energy China Group, the PM called for greater cooperation in clean energy, wind and solar power, LNG, pump-storage hydropower and transport infrastructure development.
Read more: Asian News Network
Lending Rates Cut to Boost Consumption
The State Bank of Vietnam has dropped lending rates, with new rates approximately 3% lower than at the end of 2022, despite a trend of rising rates in other countries. SBV Governor Nguyen Thi Hong addressed issues regarding lending rates and social housing credit at a recent National Assembly meeting. Experts believe there remains room to further lower rates to support the economy through the year-end period, when capital demand for production and housing is expected to peak.
Read more: Vietnam Investment Review
VN, KH Leaders Hail Progress in Relations
Vietnamese Prime Minister Pham Minh Chinh and his Cambodian counterpart Hun Manet pledged to strengthen the traditional solidarity, cohesion and mutual assistance between the two countries during a recent bilateral meeting in Kunming, China. PM Chinh congratulated Cambodia on its 71st National Day and recent socio-economic development achievements, voicing his belief that Cambodia will reap even more significant and comprehensive attainments in the future. He stated that the solidarity between Vietnam and Cambodia is a precious asset and an important factor in each country's struggle for national liberation in the past and national development at present.
Read more: Vietnam Economic News
Estonia Comes to Explore ICT Opportunities
A high-level delegation from Estonia, led by Ambassador Hannes Hanso and including representatives from Trade Estonia, the Estonian Chamber of Commerce and Industry and top ICT companies, is visiting Vietnam to drive new business opportunities and establish partnerships. The visit is expected to support Estonia's global market positioning, promote business growth and establish collaborative opportunities with Vietnam's ICT industry.
Read more: Vietnam Investment Review
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