Focus: Carbon Credit Market In The Offing: Vietnam’s carbon credit market is still in the early stages of development but holds immense growth potential given the global context and the strong commitments of the Vietnamese Government.
Inside Vietnam
Land Lease Poised For Change: Starting from August 1, 2024, the three most important pieces of legislation governing the real estate market, including the 2024 Land Law, the 2023 Real Estate Business Law, and the 2023 Housing Law, will come into effect. Combined with relevant provisions in the 2024 Law on Credit Institutions, these laws will strongly impact the real estate market in Vietnam.
The Current Dollar Deposit Rate Policy Matters: Recently, there have been recommendations that the 0% interest rate policy for U.S. dollar deposits be lifted given the current situation. However, this policy has helped limit dollarization in the economy and bring many other benefits.
Vietnam Needs A Petroleum Exchange: Economic expert Nguyen Hoang Dung said in an interview with The Saigon Times that it is essential to establish a petroleum trading floor, or a petroleum exchange, to enhance the modernity and transparency of Vietnam’s energy market. But this is a complex process that requires thorough preparation and coordination among many stakeholders.
Business
Investors Remain Cautious: During the peak season for Q2 financial reports, the stock market often comes under significant pressure. This pressure is due to investor concerns, negative technical signals, cautious statements from companies, and multiple emerging uncertainties.
Living
Preserving French Architecture In Vietnam: French architecture in Vietnam is a meticulously preserved and protected legacy. The success of these preservation efforts relies heavily on the dedication of those who guard this heritage, particularly those with expertise to maintain and develop these treasures. In an interview with The Saigon Times, Ho Thieu Tri, the restorer of the Hanoi Opera House, and Michel Regembal, one of the architects behind the Stade de France, discuss their efforts to revitalize French architecture in Vietnam.
Tranquil Nhon Hai Fishing Village: Nhon Hai fishing village is situated on the Phuong Mai peninsula, approximately 10 kilometers from downtown Quy Nhon City in the coastal central province of Binh Dinh. This destination has recently gained popularity among both locals and tourists due to its unspoiled and idyllic natural scenery, beautiful beach with white sand, and clear blue sea water.
Travel
Discovering Pa Khom Bay In Lai Chau: Pa Khom Bay, a natural gem formed by the Ban Chat Hydropower Reservoir, is nestled in Pha Mu Commune, Than Uyen District, Lai Chau Province. Located about 30 kilometers from the center of Than Uyen District, the bay is characterized by its crystal-clear blue water surrounded by lush green forests and towering limestone mountains.
Sticky Rice Elevated To Gourmet Delight: With its unique preparation and flavor, sentinel crab sticky rice offers a distinctive twist on traditional sticky rice, elevating this humble dish to a new level of gourmet delight.
