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Blog 25.07.2024 South Korea’s government-owned company to develop new urban area in Vietnam The Korea Land & Housing Corporation, South Korea’s government-owned company, will develop a Southeast urban area project in Bac Ninh City under the namesake province in northern Vietnam. The project will be implemented and completed during the 2025-60 period. The government-owned corporation plans to boost its investment in housing in Vietnam through the new urban area managed by Bac Ninh Province, Yonhap News Agency reported. The project will cover an area of some 8.5 million square meters and ..read more

Blog 24.07.2024 Việt Nam’s seaports have rare opportunities Seaport congestion in Singapore is affecting the global supply chain, forcing many shipping lines to open new routes to other ports in the region. This is a rare opportunity for Vietnamese seaports to attract more shipping lines around the world. HÀ NỘI — Seaport congestion in Singapore is affecting the global supply chain, forcing many shipping lines to open new routes to other ports in the region. This is a rare opportunity for Vietnamese seaports to attract more shipping lines around the world. Many new shipping lines In recent ..read more

Blog 24.07.2024 Corporate bond issuance reaches $5.8 bln in 7M The banking sector remainining the largest issuer. Corporate bond issuances totaling over VND148.7 trillion ($5.84 billion) so far this year, up 33% year-on-year, according to the MB Securities (MBS). The average bond interest rate stayed at 7.4% annually. The banking sector was the largest issuer with bond value worth over VND96.2 trillion ($3.78 billion), surging 140% compared to the same period last year, and accounting for 65% of the total. Joint stock commercial banks have promoted the issuance of corporate bonds in order t ..read more

Blog 24.07.2024 HCM City plans to build three int’l passenger terminals to boost tourism Ho Chi Minh City plans to construct three international passenger terminals in the Can Gio coastal urban area, Mui Den Do, and Ben Nghe port as part of its efforts to develop waterway transport and attract tourists. HCM City (VNA) – Ho Chi Minh City plans to construct three international passenger terminals in the Can Gio coastal urban area, Mui Den Do, and Ben Nghe port as part of its efforts to develop waterway transport and attract tourists. Bui Hoa An, Deputy Director of the municipal Department of ..read more

Blog 23.07.2024 First Net-Zero industrial park is to be planned South central Ninh Thuan province boasting huge potential for renewable energy development. With huge potential in energy, especially renewable energy, south central Ninh Thuan province plans to develop the first Net-Zero industrial park in Vietnam, according to the provincial authorities. The province has potential of developing 13,000 MW of wind power and over 8,000 MW of solar power, according to the Ministry of Industry and Trade. With these advantages, Ninh Thuan targets to attract domestic and foreign investors in hydroge ..read more

Blog 23.07.2024 Real estate firms aggressively restructuring bond debt While real estate bond issuance value has recovered year-on-year, its proportion of total issuances has dropped sharply – from nearly 55 per cent in the first half of 2023 to just 25 per cent in the first half of 2023. HÀ NỘI — Real estate enterprises are facing significant debt maturities of nearly VNĐ59 trillion (US$2.3 billion) and a rapidly rising delinquency rate in the sector. From the start of 2024 to July 5, the market saw 133 private placements and ten bond public offerings, totalling over VNĐ140 trillion. 65.6 ..read more

Blog 22.07.2024 Vietnam’s economy gradually brightens in H2: UOB Vietnam’s 2024 GDP is expected to reach 6% as the economy shows recovery in both internal and external production resources, according to UOB experts. Accordingly, in Q2, Vietnam’s GDP increased by 6.93% over the same period. The total economy also grew by 6.42% in the first half of this year, far exceeding the 3.84% in the same period in 2023. Analyzing the growth in each industry, Suan Teck Kin, UOB’s Head of Research, said at an event in Ho Chi Minh City on July 16 that production increased for five consecutive quarters, at ..read more

Blog 21.07.2024 Vietnam mulls visa waiver for tourism boost The key to attracting more foreign visitors to Vietnam lies in Vietnamese foreign missions. Prime Minister Pham Minh Chinh has ordered the ministries of public security and foreign affairs to study visa exemptions for citizens from more countries to boost tourism. In a recent meeting with Vietnamese diplomatic representatives, he emphasized the need for visa policies that facilitate foreign travel and drive tourism recovery. “The Ministry of Public Security should work with the Ministry of Foreign Affairs to waive the visa req ..read more