Vietnam 20241107: Charismatic, Formative, Phenomenological

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Nov 07, 2024

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Headlines:

PM Pushes Chinese Infrastructure Investment

Lending Rates Cut to Boost Consumption

VN, KH Leaders Hail Progress in Relations

Estonia Comes to Explore ICT Opportunities

October Trade Surplus Lowest Since May

Hydropower Firms See Strong Q3 Profit Growth

VCCI Reports Effort to Improve Business Climate

Vietnam Draws 14M Visitors in 10 Months

Industrial Production Index Up 8.3% YTD

Hanoi Strength Draws in Foreign Investors

Vietnam Builds Trade Ties with Middle East

Hospitality and Real Estate Set for Growth

Port Expansion Planned for Binh Dinh

Top 3 in ASEAN Industrial Competitiveness

Maersk Opens First Bonded Warehouse in Vietnam

EVN Proposes Trial of Two-Tier Electricity Pricing

Property Tax Regime Set for 2024

Vietnam, Canada Double Down on Cooperation

Fruit & Veg Exports Set for Record

ASEAN's Fastest Growing Economy in 2024

Kindergarteners Stable After Rat Poison Scare

PM Pushes Chinese Infrastructure Investment

Prime Minister Phạm Minh Chinh has called on Chinese infrastructure and energy companies to expand investment and support in Vietnam through projects in railways, expressways, clean energy and electricity distribution. PM Chinh welcomed CRCC's plan to increase investment, promising government support to ensure successful business operations. He also encouraged participation in railways connecting Vietnam with China, as well as the North-South Expressway. Working with China Huadian Corporation and Energy China Group, the PM called for greater cooperation in clean energy, wind and solar power, LNG, pump-storage hydropower and transport infrastructure development.

Lending Rates Cut to Boost Consumption

The State Bank of Vietnam has dropped lending rates, with new rates approximately 3% lower than at the end of 2022, despite a trend of rising rates in other countries. SBV Governor Nguyen Thi Hong addressed issues regarding lending rates and social housing credit at a recent National Assembly meeting. Experts believe there remains room to further lower rates to support the economy through the year-end period, when capital demand for production and housing is expected to peak.

VN, KH Leaders Hail Progress in Relations

Vietnamese Prime Minister Pham Minh Chinh and his Cambodian counterpart Hun Manet pledged to strengthen the traditional solidarity, cohesion and mutual assistance between the two countries during a recent bilateral meeting in Kunming, China. PM Chinh congratulated Cambodia on its 71st National Day and recent socio-economic development achievements, voicing his belief that Cambodia will reap even more significant and comprehensive attainments in the future. He stated that the solidarity between Vietnam and Cambodia is a precious asset and an important factor in each country's struggle for national liberation in the past and national development at present.

Estonia Comes to Explore ICT Opportunities

A high-level delegation from Estonia, led by Ambassador Hannes Hanso and including representatives from Trade Estonia, the Estonian Chamber of Commerce and Industry and top ICT companies, is visiting Vietnam to drive new business opportunities and establish partnerships. The visit is expected to support Estonia's global market positioning, promote business growth and establish collaborative opportunities with Vietnam's ICT industry.

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