Focus: Clear and Unambiguous Regulations That Matter: In an exclusive interview with The Saigon Times, Dominik Meichle, chairman of the European Chamber of Commerce (EuroCham) in Vietnam, emphasized the importance of open dialogue and collaborative partnerships in propelling Vietnam’s economic recovery and sustainable growth. Meichle detailed EuroCham’s active role in amplifying business voices and driving data- informed policy discussions to foster sustainable growth.
Inside Vietnam
Exchange Rates Under Pressure: The sharp increase in imports has once again piled pressure on foreign exchange rates, as evidenced by the continued rise of the U.S. dollar against the Vietnamese dong currency in April, prompting the State Bank of Vietnam (SBV) to intervene. However, excessive exchange rate control can also have negative effects on trade competitiveness.
Hindrances To Semiconductor Industry: Vietnam has set an ambitious target to turn out 50,000 engineers for the semiconductor industry by 2030. However, human resource development for this sector at universities is fraught with challenges. Complicating matters further is the scarcity of job opportunities, exacerbated by intense competition in attracting foreign investment.
Business Health And Macroeconomic Factors: The Q1/2024 financial statements of listed companies indicate a significant improvement compared to the same period of 2023, although profit growth slowed a bit over the fourth quarter of 2023.
Business
Profit Or Cash Flow? When it comes to publicizing financial reports, all eyes will be on the profitability of listed businesses. However, those who understand more about corporate finance often agree with each other that “profit is an opinion, cash is a fact,” implying that caution must be exercised with reported profit/loss figures because one thing – profit – is subjective, while the other thing – cash flow – is objective.
Market Uncertainties Remain: While technical indicators show a potential upward trend, investor sentiment is still unpredictable, casting doubt on the stock market trajectory in May.
Living
Passion For Mushrooms: On the outskirts of Ben Tre City is a farm that is an oasis of innovation and beauty. The Xuan Mai Mushroom Farm is where culinary meets artistic expression.
The Rugged Beauty Of Dong Van Karst Plateau: Located in the northernmost province of Ha Giang, the Dong Van Karst Plateau Global Geopark is a celebrated destination that beckons adventurers from far and wide. Approximately 300 kilometers from Hanoi, the plateau offers a challenging journey for backpackers with its sharp, winding turns and perilous passes that extend up to 20 kilometers.
Travel
Sam Tang Lake: A Serene Lakeside Retreat: Located among lush green hills, Sam Tang Lake offers a tranquil retreat from the bustling city life, perfect for those seeking a peaceful retreat.
Xoi Xeo: A Popular Dish For Breakfast In Hanoi: Xoi xeo, a traditional Vietnamese breakfast dish, offers a nutritious, affordable, and widely available morning meal option.
