HCMC seen as pivotal region
The importance of HCMC does not solely rest on the proportion of the city’s GRDP in the nation’s GDP, but also on the dispersion of the end demand and production of the city to other localities in the country. The Government has issued Resolution 38/NQ-CP proposing the formulation of a National
Market recovery triggers capital increases
As access to bank loans is difficult, especially for borrowers in the real estate, construction and securities sectors, and corporate bond issues are strictly put under control, businesses have no other choice but to increase their charter capital by launching new shares. Big capital increases
Changes needed in nursing sector
Vietnam is approaching the population aging period from 2036, with over 23 million people in the age range of 30-40 set to become elderly. As a result, the healthcare and treatment system for elderly patients will face several challenges. During six years of pursuing a career in nursing at the Thu
STEM seen as catalyst for economy
A delegation from the HCMC Computer Association visited the U.S. from March 18 to March 27, 2023, as part of the program, “Creativity in Startups and Collaboration in Education’s Development”. During the trip, Ph.D. Nguyen Thanh Hai, a renowned expert and leader in the STEM THRIVE education
No shortcuts for CBT
Developing community-based tourism (CBT) is a long journey, requiring sustainable cooperation among many sides to either create livelihoods for the local community or generate profits for businesses and make the destinations attractive without harming the local culture and environment. Potential
Still on a mountain of debt
The Government’s Decree 08 and Resolution 33 have given a much-needed lifeline to cash-strapped real estate firms as the bonds they issued would fall due soon. However, analysts see the decree and resolution as a temporary solution, as bond issuers are still sitting on a mountain of debt. Due to
Middle-income trap looms large
Despite efforts to address internal difficulties and risks from the global economic slowdown, Vietnam’s economy still faces the threat of falling into the middle-income trap. From an undeveloped country, Vietnam has made significant strides to reach the 37th position among the world’s largest
Unpredictable risks
With interest rates soaring, corporate clients are coping with a higher financial cost, a decline in consumption of goods and services and other hardships that may force them to scale down their operations or even go bust. Banks as intermediaries between depositors and borrowers are grappling with
A sandbox for HCMC
It is likely a Resolution on piloting a new special mechanism for HCMC’s development will be endorsed by the National Assembly during its sitting in May 2023. A new resolution to replace Resolution 54/2017/QH14 is in dire need now, but a more important question is whether the new resolution will
Concern over global minimum tax
The global minimum corporate tax policy is poised to take effect early next year, which may adversely affect Vietnam’s attraction of foreign direct investment (FDI) as the country has over the years offered tax incentives to lure investors Binh Duong Province, a major venue for FDI in recent
Waiting for savings
The stock market has seen quite a positive development since banks have begun lowering their deposit rates, particularly with realty stocks, plus the support from Decree 08 and Resolution 33 recently issued by the Government. Waiting for a shift? The second round of deposit interest rate
A bad omen for export companies
The global economic slump has weighed heavily on Vietnam’s key product exports, placing labor-intensive enterprises in the billion-dollar export “club” in peril Leading exports hit hard Since last August, a lack of orders has forced firms to cut working hours and lay off employees. As a result,