Focus: The Reverse Side Of Export Growth: In recent years, Vietnam’s export revenue has soared in tandem with a rising number of lawsuits filed.
Inside Vietnam
Promoting Economic Integration: Arsjad Rasjid, chairman of the Indonesian Chamber of Commerce (Kadin Indonesia) and ASEAN Business Advisory Council (ASEAN–BAC), recently visited Vietnam for a roadshow to promote economic development. On this occasion, The Saigon Times had the opportunity to speak with him about bilateral ties between Vietnam and Indonesia.
Mired In Real Estate: On the bond market, long-term individual investors normally project a vision of two to three years at most down the road. Whenever it comes to a haven for long-term investment, real estate has always been a channel of their choosing. If bond investment pops up in their mind, they will compare it with the opportunity cost in real estate. It seems all assets are put in real estate perspectives.
Enterprises In Financial Distress: To secure enough capital for business operations, a wooden product exporter to the U.S. and the EU had to agree to secure a loan of VND10 billion with an annual interest rate of over 9%, instead of 5-6% as in previous years, said its director. The firm applied for the loan last year, but only now has it been disbursed.
Business
Caution About Credit Growth Targets: The fact that credit growth has been sluggish in the year to date means that it is not yet necessary for banks to allocate high targets in the beginning of the year. In addition, the potential risks to the economy, especially for inflation, give banks more reasons to retain their control over credit growth.
Challenges From Farmers’ Income: A project to plant one million hectares of high-quality rice will be submitted to the Government next April and will be carried out beginning in 2024. However, in order to realize the plan, the foremost task is to increase the income of farmers.
Living
A Peaceful Escape In Mekong Delta: Known for its tranquil waterways, verdant orchards and innovative handicrafts, Ben Tre is a popular destination for travelers seeking to escape the hustle and bustle of HCMC and experience the tranquil pace of life in rural southern Vietnam.
Gods Of The Sea: Phuoc Hai is a fishing village in the southern province of Ba Ria – Vung Tau. Oasis of calm most of the year, the small village dresses to impress once a year on the occasion of the whale festival, a spiritual and cultural celebration to thank the sea for providing for their needs and show their respect and gratitude towards Nam Hải, a whale god.
Travel
The Tranquil Picture Of Ly Son Island: Ly Son Island, also called the “Kingdom of Garlic” of Quang Ngai Province, has become a favorite destination thanks to its peaceful atmosphere, unspoiled wilderness and nature, and clear blue sea.
Eel Porridge Evokes Hometown Nostalgia: A warm bowl of Quang-style eel porridge with a fragrant aroma not only can win the hearts of diners, but also create nostalgia for the Quang people who live far from home.
