Focus: Forex And Interest Rates On Collision Course: As credit growth is losing steam, most banks have lowered borrowing rates to reduce the capital cost and enable themselves to cut lending rates in the coming time. However, the sharp fall in deposit rates at the Big Four banks hints at a wider policy maneuver for the monetary authority.
Inside Vietnam
Stressful Economic Challenges: Stubborn economic difficulties have led large numbers of small and medium-sized enterprises (SMEs) to exit the market. Meanwhile, those staying afloat are also struggling on the verge of closure. The lack of policy support and the burden of high interest rates are increasing the possibility of more SMEs going bust.
Bad Debt Worries: The State Bank of Vietnam (SBV) has recently sounded the alarm over the escalating volume of bad debt within the real estate sector, substantiated by specific figures.
Bumpy Solar Power Development: Leveraging renewable energy sources for production processes stands as a crucial means for enterprises to not only realize environmental goals but also foster sustainable development, aligning with the emission reduction mandates of importing nations. Yet, enterprises are grappling with policy and procedural hurdles concerning the investment, installation, and operation of solar energy systems.
Business
Impediments To PPP Projects: Few efficient public-private partnership (PPP) projects have been executed since the introduction of this investment format under the Investment Law two years ago. However, new signs have been seen following the National Assembly’s resolution giving HCMC a wider avenue, on a trial basis, to implement PPP projects, but impediments are still awash when scrutinizing PPP projects elsewhere.
Hope For A Positive Year-End: The notable improvement in stock market liquidity brings a positive outlook. Money is flowing back into securities.
Living
A Sustainable Venture Navigating The Mekong: In the heart of the Mekong Delta resides a company that embraces uniqueness. Founded by a French- Vietnamese couple, TransMékong has emerged as a guiding light for those seeking authentic experiences.
Boat Racing Lights Up Huong River: In celebration of Vietnam’s 78th National Day on September 2, the central province of Thua Thien Hue hosted the 34th edition of its traditional boat race on the Huong River, drawing thousands of enthusiastic spectators.
Travel
Floating In The Clouds On Pa Phach Peak: Tucked away amidst the sprawling expanse of Moc Chau Plateau, Pa Phach Peak emerges as one of those awe-inspiring cloud-chasing gems that remains a secret to most travelers.
Savoring The Fusion Of Salt Coffee: Vietnam’s coffee culture is renowned, boasting iconic creations like Saigon’s iced coffee and Hanoi’s famed egg coffee. Adding a flavorful twist to the mix, salt coffee has burst onto the scene, becoming a quintessential representation of Hue’s culinary charm. This innovative concoction has swiftly won the hearts of both locals and tourists, offering a refreshing take on the coffee experience.
