Lifting the value of export apparel
Experts agree that improving textile production, fashion design and localization is needed for the long-term development of the domestic garment sector. Increasing product quality Most raw materials used in Vietnam’s textile sector are imported from China and other countries, making the industry
Affordable housing requires new policy
Prime Minister Pham Minh Chinh signed Decision 338/QD-TTg on April 3, 2023, approving an investment plan to build at least one million social homes in the 2021-2030 period. Given the current stagnant property market, there is a pressing need to consider implementing new policy to develop
Moving out of hibernation
The tight monetary policy and the corporate bond and housing market crash in the second half of 2022 resulted in a cash crunch in the real estate market. However, capital has begun flowing back to the housing market. Capital flows back Data from the Ministry of Finance showed that corporate bond
Bancassurance and regrettable prejudices
In advanced economies, life insurance is increasingly popular to most people, and bancassurance arrangements account for more than two-thirds of all insurance policies. Such facts prove that life insurance is essential, and bancassurance is trusted by policyholders. That trend, however, seems
Bracing for upcoming challenges
Obstacles to economic growth were found as shown by statistics at the end of 2022 and became more serious in the first quarter this year. Currently, most key economic indicators are much poorer than in the same period last year. The value of textile and garment exports hit rock bottom, while the
Foreign capital
Improving the business environment and planning land use for industrial production are needed to attract foreign capital. Enhancing industrial land use policy In 2022, the southern province of Dong Nai emerged as one of Vietnam’s top five destinations for foreign direct investment (FDI), the first
Key takeaways from PAPI 2022
PAPI 2022 shows people’s optimism about the economy despite the lingering concerns over the protracted impact of Covid-19. The report depicts a clear picture of the provincial performance in the second year of the 2021-26 tenure and changes in the public viewpoint on the efficiency of the fight
Bright spots amid dreary picture
Listed companies are entering the peak season when their business results for the first quarter of 2023 will be made public. As previously forecast, quite a few enterprises suffered a sharp decline in their profits, or even made losses. Risks from volatile prices, stagnant consumption This came as
Market improves but uncertainty looms
The corporate bond market has changed for the better, with a huge volume of bonds issued in March. Whether the market recovery trajectory stays the course is uncertain. Back on track? Data collected by the Vietnam Bond Market Association from the Hanoi Stock Exchange and the State Securities
Domestic tourism–a rough road ahead
Vietnam saw a robust surge in domestic tourism last year, with over 101 million travelers reported, well above the pre-pandemic annual level. This is a vital impetus for the tourism sector amidst a scarcity of international visitors. However, many businesses have recently expressed concerns over a
Hands are tied
Businesses are wondering how long it will take to ride out the current economic malaise. Numerous businesses in the fertilizer, retail, textile, furniture, and real estate sectors have exercised great prudence in setting their growth targets, with some even lowering their targets. Modest growth
Inexplicable absence
The Government has proposed adding nearly 30 draft laws, ordinances, and resolutions to the law-making program in 2023 and 2024 but the list does not include draft laws that are more urgent. Amending the Corporate Income Tax Law (CIT Law) should be made a top priority as it should be aligned to