Focus: Is Credit A Magic Wand For Growth? Historically, loose monetary policy and credit growth have been seen as one of the most fundamental and important solutions to stimulate economic growth. Is this still true today?
Inside Vietnam
Will The New Gold Policy Work? The State Bank of Vietnam’s (SBV) policy shift to selling gold to commercial banks that then resell the metal to the public to stabilize the gold market is not at all new. Eleven years ago, the SBV also mobilized banks to cope with the then gold rush. Is there anything different this time around and what will be possible effects?
Flood Control Requires Mindset Change: HCMC has invested heavily to combat flooding, and repair and elevate road surfaces. Despite numerous projects, the effectiveness has not matched the investment, as flooding has worsened.
Trade Deficit Returns: Vietnam’s economy returned to a trade deficit in May, ending a 23-month streak of trade surplus. However, researchers and experts view this development as positive.
Business
MWG Leads Retail Stocks: Despite a strong surge in price, MWG shares are still attractive to investors.
Enabling F&B Growth: Vietnam has been expanding its international trading links in recent years, boosted by trade pacts with countries and economic regions like the UK in 2021, the European Union in 2020, and Pacific Rim nations through the Comprehensive and Progressive Agreement for Trans-Pacific Partnership in 2019.
Living
Luxury Train Travel From HCMC To Danang: A luxury train line has been launched, connecting HCMC and Danang. Despite the lengthy 17-hour journey and the train’s noticeable vibrations, the service offers amenities such as Wi-Fi, comfortable sleeping arrangements, and a hospitable crew, making it an attractive choice for travelers who are not pressed for time.
Hue Kicks Off International Arts Festival Week: As the key highlight of the annual Hue Festival 2024, the Hue International Arts Festival Week 2024 commenced at the Kien Trung Palace within the Hue Imperial Citadel in Hue City on June 7. The week-long festival, themed “Cultural Heritage with Integration and Development,” features a variety of dazzling, state-of-the-art activities.
Travel
Phun Abyss: Unveiling Phu Yen’s Hidden Forest Gem: Phun Abyss is a captivating sanctuary nestled within Phu Yen, characterized by its lush green forests, majestic cliffs, tranquil ambiance, and pristine crystal-clear water. This enchanting landscape invokes a sense of awe and wonder in every visitor who steps into its serene embrace.
Xoi Thit Hon – Rediscovering Hue’s Forgotten Flavors: Xoi thit hon (sticky rice with simmered pork) is a must-try dish in Hue City, embodying the sophistication and creativity of the ancient capital’s culinary traditions.
