Focus: Real Interest Rate Too High: Lately, knock-on effects from the monetary tightening policy designed to fight inflation and maintain the forex rate, coupled with negative impacts from the corporate bond crisis (and the response to that crisis as well) have led to liquidity constraints, prompting banks to hike interest rates sharply.
Inside Vietnam
The Tet Bonus Dilemma: Unlike in the past, when the Tet or Lunar New Year signified the peak season for speeding up production to fulfill orders, things have changed this year as businesses face a severe financial dilemma. Workers in factories and public officials have more days off due to a lack of orders and Tet bonuses for employees remain a concern among both workers and enterprises.
Orienting Toward Receiving More Foreign Investment: A bearish stock market, coupled with obtaining funds via selling stocks and bonds being unfeasible, has forced banks to seek foreign capital to improve their financial capacity and competitiveness and meet international standards.
Vietnam’s Exports At A Glance: The export sector will continue to drive Vietnamese economic growth as long as local businesses keep abreast of market swings. Faced with formidable challenges in the current downturns, it is more important than ever to look back.
Business
Stock Market Struggling At Year End: Following a brief period of remarkable recovery, the stock market of Vietnam is now struggling with strong volatility.
Hotels See Sharp Drop In Occupancy: Not all hotels in Vietnam have seen booming business this year. If resorts focusing on the domestic market have seen a high room occupancy, those relying on international guests have faced multiple difficulties, with a room occupancy of 50% against the pre-pandemic period of 2019.
Living
Visiting The Lover’s Home: The small town of Sa Dec in Dong Thap Province is one of the settings of the novel “The Lover” by the French writer, Marguerite Duras. But there are two main attractions besides the lover’s home, which can be discovered if you explore this sleepy town on the banks of the Tien River.
Travel
Catching First Sunlight At Dien Cape: Besides being one of the most beautiful destinations in Phu Yen Province, Dien Cape (Mui Dien) also offers visitors history and culture.
Hue Conquers Diners With Delicacies: Hue pressed cake, also known as “banh ep”, attracts people’s hearts (and stomachs) not only for its combination of various flavors but also for its reasonable price.
