Focus: Leveraging FDI For Sustainable Growth: To ensure sustainable development, Vietnam will need to strike a delicate balance between attracting foreign investment and fostering domestic capability.
Inside Vietnam
Challenges For Growth: Both supply and demand in the economy are showing more positive signals than before, suggesting that economic growth will continue in the coming quarters. However, what challenges are on the horizon?
Profits Rise Alongside NPLs: The Q2-2024 earnings reports of listed banks on HSX and HNX show continued strong profit growth against the same period last year. However, compared to the first quarter of 2024, the profit growth rate showed signs of slowing down, and non- performing loans (NPLs) were rising more rapidly. Despite this, credit and profit in the banking sector are expected to continue to rise in the near future.
New Rules For Commercial Housing: The three most important legal documents related to the real estate market – the 2024 Land Law, the 2023 Real Estate Business Law and the 2023 Housing Law – came into force on August 1 this year. Combined with relevant provisions in the 2024 Credit Organizations Law, these laws will have strong impact on the real estate market in Vietnam.
Business
Struggling Around 1,200 Points: Despite the consistent economic growth trajectory, the stock market, often seen as a barometer of economic health, hovers around the 1,200-point mark. This suggests there may be some underlying structural issues within the market.
A Useful Tool For Brand Building: Embracing Environmental, Social, and Governance (ESG) practices not only helps businesses save resources and access financial opportunities more effectively, but also provides a unique tool for brand building with distinct advantages over other methods.
Living
Spreading Indian Music: Having spent seven years in Saigon, Keith Beber has emerged as a vibrant force in Vietnam’s music scene, introducing a fresh wave of Indian music. Through his expertise with Indian musical instruments, Beber offers a captivating blend of traditional sounds with a contemporary twist. In an interview with The Saigon Times, Beber shares his journey and his mission to cultivate a deep appreciation for Indian music in Vietnam.
Vibrant Colors Illuminate Hue Nam Temple: The Hue Nam Temple Festival, also known as the Hon Chen Temple Festival, lit up the ancient capital city of Hue from August 11 to 13, drawing in pilgrims, locals, and tourists from around the world. This traditional event, which honors mothers in the third lunar month and fathers in the seventh lunar month, showcased the rich cultural heritage of Vietnam. The festival took place at the Thien Tien Thanh Giao Holy Pal- ace, Hue Nam Temple, and Hai Cat Communal House.
Travel
Exploring Ta Giang Trekking Route: An Adventurer’s Paradise: In addition to its pristine beaches and white sands, Khanh Hoa Province is home to majestic mountain ranges, where streams wind through vast, grassy meadows. For those looking to fully immerse themselves in this natural beauty, the Ta Giang trekking route offers an adventurous journey filled with wonder and inspiration.
The Rustic Charm Of Water Hyacinth Stem Salad: Water hyacinth stem salad (goi ngo luc binh) is a popular dish among residents of the river delta, known for its simplicity and sophistication in both ingredients and preparation. Despite its humble origin, this salad offers an irresistible flavor that perfectly blends rustic charm with quality.
