FDI attraction amidst global minimum tax policy
Foreign direct investment (FDI) has been rising strongly even though global economic uncertainties have negatively affected this capital flow. Many factors are taking a toll on FDI activity and Vietnam can hardly stay unscathed. The global FDI flow amounted to US$1,580 billion in 2021, up a
Where is the coffee market headed?
Vietnam and other major coffee-exporting nations are halfway through the 2022-2023 harvest season, but uncertainties are gripping the market. Some hope amid volatile markets The opposite price movements on the London and New York coffee exchanges are perhaps the biggest surprise. The price of
Toward sustainable tourism
Lam Dong Province’s success in agritourism has paved the way for other regions, including HCMC as Vietnam’s most populous city, to achieve sustainable development in the near future. Agritourism, a combination of three main elements of agriculture – farming, farmers, and rural areas – and tourism,
Ambitious targets amid challenges
While the business community is concerned about a fall in profit this year, the banking system still expects positive growth. Optimistic goals Despite accomplishing 55% of its plan for 2022 with pre-tax profit of over VND1.7 trillion, down 13% against 2021, ABBank has confidently set a pre-tax
Prospects bright as tenant demand changes
As the real estate market is shifting, optimism has emerged given the fresh supply of Grade A office space and some bright spots in the industrial property sector. Promising Grade A office supply Sustainable office demand has increased rapidly. In the aftermath of the Covid-19 pandemic, customers
The competition for speed
The rise of e-commerce has been a boon for postal business. As the industry is projected to double its revenue to US$5 billion by 2030, some 800 enterprises in the market realize they must reduce shipping time, speed up delivery and offer competitive pricing to survive. Last year, Vietnam’s postal
Prospects for more cooperation abound
Vietnam and the Netherlands have seen ample opportunities to bolster their decades-long relations. Given mutual interests and shared visions, cooperation in sustainable development is gaining traction with the determination of the two countries over the years. Shared concerns Since their
Long-standing ties between Vietnam and Netherlands
Vietnam and the Netherlands are celebrating the 50th anniversary of the establishment of diplomatic relations (April 9, 1973-2023). The Saigon Times Weekly publishes an article by Tran Huu Phuc Tien to give its readers an insight into the relationship between the two countries. Beginning of
Stock market waits for East wind
Although Vietnam’s stock market has come under pressure due to global financial market volatility, the VN-Index had still maintained its upward trend since mid-November last year. A variety of supporting factors Now that a series of policies aimed at supporting the economy, especially the stock
Monetary policy for growth
Amidst current challenges – objective and subjective alike – fiscal policy has yet to deliver as good results as expected. Therefore, monetary policy should be more accommodative for economic growth, like the central bank’s recent interest rate cuts. Quick response In its report released on March
Worn out
Vietnam’s gross domestic product (GDP) in January-March expanded by 3.32% over the same period of last year, slightly higher than 3.21% in the first quarter of 2020. The agro-forestry-fisheries and services sectors grew by 2.52% and 6.79%, contributing 8.85% and 95.91% to the economy’s gross value
Is it risky to cut interest rates?
Within only two weeks, the State Bank of Vietnam (SBV) has twice cut key interest rates. This move has stirred up concerns among certain observers that the SBV may have made a premature move compared to other central banks’ actions. However, there is a good reason behind the SBV’s move to support