Foreign investors bet on Vietnam apartment market
Vietnam Holding Asset Management
by Kim Phuong Tran
1h ago
Blog 15.04.2024 Foreign investors bet on Vietnam apartment market After returning to South Korea in 2018 following a five-year stint in Vietnam, Kang still visits the country regularly to invest in apartments. Deeming housing prices in Vietnam to be significantly lower than in his home country and recognizing the investment potential, the 54-year-old business director, along with many of his friends, has been buying two or three apartments in Vietnam every year. “If a 100-square-meter apartment costs US$1 million in South Korea, a similar unit only costs $300,000 in Vietnam,” he s ..read more
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Suntory PepsiCo Powers Vietnam’s Growth with Sustainable Mega-Factory
Vietnam Holding Asset Management
by Kim Phuong Tran
1d ago
Blog 14.04.2024 Suntory PepsiCo Powers Vietnam’s Growth with Sustainable Mega-Factory The beverage giant’s largest Asia-Pacific plant, a $300 million investment near Ho Chi Minh City, reflects Vietnam’s appeal and the country’s rising focus on sustainability. Suntory PepsiCo, a prominent player in Vietnam’s beverage industry, is signaling confidence in the country’s economic future with the construction of its largest-ever Asia-Pacific factory. The $300 million project in Long An province near Ho Chi Minh City promises to boost the company’s market dominance while pushing Vietnam higher on ..read more
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ADB maintains growth projection for VN at 6 per cent in 2024 on sizeable public investment
Vietnam Holding Asset Management
by Kim Phuong Tran
2d ago
Blog 13.04.2024 ADB maintains growth projection for VN at 6 per cent in 2024 on sizeable public investment Positive inflows of foreign direct investment (FDI) and remittances, a sustained trade surplus, recoveries in domestic consumption, and continued fiscal stimulus characterised by substantial public investment are seen as key to boosting growth in 2024. HÀ NỘI — The Vietnamese economy is expected to grow at 6 per cent in 2024 and 6.2 per cent in 2025 on fiscal policies and sizeable public investment, according to the Asia Development Outlook April released by the Asian Development ..read more
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Motorbike sales down nearly 5% in Q1
Vietnam Holding Asset Management
by Kim Phuong Tran
2d ago
Blog 13.04.2024 Motorbike sales down nearly 5% in Q1 The five members of the Vietnam Association of Motorcycle Manufacturers sold 603,945 vehicles in the first quarter. This marked a 4.88% year-on-year decrease and an 11.47% decline from the previous quarter. Production was down 5.2% year-on-year to 677,800 units. The association consists of Honda, Piaggio, Suzuki, SYM, and Yamaha. The numbers do not include exports. The Vietnamese motorbike market also has other brands such as VinFast, Ducati, BMW Motorrad, Harley-Davidson, Kawasaki, Triumph, KTM, Yadea, and Royal Enfield. Vietnam had ..read more
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Vietnam Tax Revenues Soar in First Quarter, Signaling Economic Rebound
Vietnam Holding Asset Management
by Kim Phuong Tran
3d ago
Blog 11.04.2024 Vietnam Tax Revenues Soar in First Quarter, Signaling Economic Rebound Exceeding expectations, Vietnam’s tax sector performance suggests a robust recovery, but e-commerce and digital business taxation loom as potential challenges. Vietnam’s Tax Sector Outperforms in Q1 Vietnam’s state budget revenues from the tax sector reached an impressive 33% of the annual estimate within the first quarter of 2024. This marks a substantial 10.9% increase compared to the same period in 2023. The General Department of Taxation reports an estimated total revenue of $19.6 billion. This surge ..read more
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$5bn petrochemical complex gears up for Q3 launch in southern Vietnam
Vietnam Holding Asset Management
by Kim Phuong Tran
3d ago
Blog 10.04.2024 $5bn petrochemical complex gears up for Q3 launch in southern Vietnam The Long Son Petrochemicals Co. Ltd. (LSP) recently confirmed to Tuoi Tre (Youth) newspaper that its Long Son petrochemical complex, located in Ba Ria-Vung Tau Province, southern Vietnam, was rescheduled to commence commercial operations in the third quarter of 2024. LSP, a Thai firm, was initially set to operate the petrochemical complex in March this year, but the plan was pushed back due to technical issues that arose when the complex underwent trial operations at full capacity. Another trial run is sch ..read more
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Viettel opens largest data center in Vietnam to support AI development
Vietnam Holding Asset Management
by Kim Phuong Tran
3d ago
Blog 12.04.2024 Viettel opens largest data center in Vietnam to support AI development By 2025, Viettel will invest in expanding the scale to 17,000 racks. Viettel, the military-owned telecommunications service provider, inaugurated its new data center in Hanoi’s Hoa Lac Hi-tech Park, the largest in Vietnam, on April 10. It is the country’s first high-capacity data center, three times larger than the average, to meet the development trend of AI, which requires high-performance chips and increased computing power. With the addition of the 14th data center, Viettel has a total of 230,00 ..read more
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Public investment projects: big push for construction materials sector
Vietnam Holding Asset Management
by Kim Phuong Tran
3d ago
Blog 12.04.2024 Public investment projects: big push for construction materials sector The amended Land Law and newly-approved Law on Real Estate Business will positively impact real estate market recovery and facilitate the rebound of the local construction materials market. HÀ NỘI — Public investment projects are giving a big push to the domestic construction material industry, according to Vietnam Report. The State has sped up the development of public investment projects. The implementation of many key transport projects such as ring roads, the North-South expressway and Long Thành Airp ..read more
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ADB maintains 6% growth forecast for Vietnam’s economy
Vietnam Holding Asset Management
by Kim Phuong Tran
3d ago
Blog 12.04.2024 ADB maintains 6% growth forecast for Vietnam’s economy The Asian Development Bank (ADB) has maintained its earlier growth projection for Vietnam this year despite lingering uncertainties in the external environment. Vietnam’s economy is expected to grow at 6.0% and 6.2% in 2024 and 2025, respectively, heard a conference held in Hanoi on April 11. Hanoi (VNA) – The Asian Development Bank (ADB) has maintained its earlier growth projection for Vietnam this year despite lingering uncertainties in the external environment. Vietnam’s economy is expected to grow ..read more
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Brazil president invites Vietnam PM to attend G20 summit
Vietnam Holding Asset Management
by Kim Phuong Tran
3d ago
Blog 11.04.2024 Brazil president invites Vietnam PM to attend G20 summit This year will mark the 35th anniversary of establishing bilateral relations, which will see growing trade turnover, with Brazil being Vietnam’s largest trade partner in Latin America. Brazil’s President Lula da Silva has invited Vietnam’s Prime Minister Pham Minh Chinh to attend the 2024 Group of Twenty (G20) Summit, which is scheduled to take place in Rio de Janeiro in November. Brazil’s Minister of Foreign Affairs, Mauro Vieira, delivered the invitation to Prime Minister Chinh at the meeting in Hanoi in April, the s ..read more
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