Việt Nam News

The decision on Việt Nam's market economy status, a move that could boost the country's exports, is now expected to be announced on August 2.

While HCM City’s services sector has seen great growth and makes a big contribution to Việt Nam’s GDP, it faces several limitations that hinder its development.

The 2024 Hà Nội Semiconductor Investment Festival will take place next week, from July 29-31.

Despite an increase in new developments and resumption of a number of stalled projects, primary market inventory of apartments in HCM City remains low, according to a Savills Việt Nam report on the first half of the year.

The laws relating to the property market, such as the Land Law, Housing Law and Real Estate Business Law, are expected to support the sector and the overall economy too.

According to statistics from the State Bank of Vietnam (SBV)’s HCM City branch, real estate credit in the city has maintained a positive growth rate in the past three months. Specifically, March saw an increase of 0.96 per cent and the rise for April and May were 1.15 per cent each.

Over the past six months of this year, the province's footwear exports topped over $2.2 billion, up 8.2 per cent year-on-year. Many footwear producers in the province have won orders from many international brands such as Nike, Adidas, Reebok and Puma.

The 18th International Travel Expo HCM City (ITE HCMC) will be held from September 5 to 7, according to the city Department of Tourism.

A survey of 30,000 enterprises, recently conducted by the Ministry of Planning and Investment, revealed that 53.8 per cent of the respondents said they have been challenged by low domestic market demand.

Despite the remarkable surge in gold prices and the gradual increase in deposit interest rates, the stock market continues to stand out as an appealing investment channel.

Preferential and special offer interest rates are expected to boost credit growth.

More than 2,000 brands are showcasing their products and services at the Vietbeauty & Cosmobeauté Vietnam beauty expo that opened in HCM City on Thursday.

Liquidity hit a record low at VNĐ11.7 trillion (US$462.8 million), a decrease of 34.2 per cent from the previous session. This marked the lowest liquidity level since January 25, 2024.

The number of serious incidents handled by the Information Security authority has increased by nearly 60 per cent in the first six months of this year compared to last year.

Việt Nam is likely to be the fastest-growing economy in ASEAN in 2024, a spot it lost to Malaysia and the Philippines in 2022 and 2023, respectively, according to a report released by HSBC’s economists.

Loans given by the HCM City Finance and Investment State-owned Company to priority sectors that drive socio-economic growth will be subsidised by the city starting July 29.

Pangasius export turnover reached $918 million in the first six months of the year, a growth of five per cent over the same period last year.

By establishing an international financial centre, Việt Nam aims to create a distinct institutional area to attract international financial investors.