Việt Nam News

Though the State Bank of Việt Nam (SBV) has hiked interest rates twice in a month, experts agreed the SBV has no other choice but to take strong measures to curb upward pressure on the USD/VNĐ exchange rate and inflation.

The draft revised Law on Land, which will be on the agenda of the National Assembly’s meeting for the first time this month, is receiving a lot of attention from the public as it will remove the Government’s land price framework to ensure market principles prices.

Room for aquaculture growth is ample as Việt Nam has a large area of coastal waters not-yet-exploited, which is estimated at 500,000 ha.

Businesses have faced difficulties in access to capital and commercial banks want to be able to lend freely to meet market demand. However, experts said the imposition of the credit growth cap is still necessary to keep the country’s macro economy stable in the short run.

Việt Nam is considering amending the Law on Price, which mentions several commodities under the Government’s price stabilisation scheme including petrol and oil.

Amid the central bank’s tight money policy and with the bond market screeching to a halt, many real estate companies thus find themselves cut off from sources of funds.

Market observers said these large stores are now opening not only in big cities like Hà Nội and HCM City but also in other smaller ones around the country.

The winds of change are blowing through Việt Nam’s pharmaceutical retail industry with giants wrapping up investments to establish modern retail chains in a fast-growing market

Although fuel prices have dropped by around 20 per cent since June, many transport firms are still sitting tight, unwilling to cut fares amid falling costs.

Global rate hike and rising inflation are putting pressure on Việt Nam's monetary management policy.

BUSINESS BEAT

BUSINESS BEAT

Trần Trung Thành, a real estate broker in Bình Thuận and Bà Rịa-Vũng Tàu provinces, said since the beginning of April demand for agricultural lands has seen a sharp slump.

BUSINESS BEAT

Analysts said that the tourism sector is in a good position to make a strong recovery.

ASEAN has been a huge potential market for Vietnamese rice, and export firms should have a strategy to expand in the market of nearly 700 million people with similarities in culture and lifestyles, Nguyễn Thị Thu Thủy, Deputy Director of Export Support Centre under the Việt Nam Trade Promotion Agency has said.

In early April the State Securities Commission of Việt Nam decided to cancel nine bond issuances worth VNĐ10.03 trillion (US$439 million) made by the Tân Hoàng Minh Group between July 2021 and March 2022 forfiling false information and concealing information about a private placement.

Hưng Thịnh Group has said that from this year it will collaborate with Đồng Tâm Group and Trường Thành Furniture Corporation to develop affordable housing in several provinces and cities, including HCM City and Long An, Bình Dương and Đồng Nai.