Stock prices going against predictions
Banking & Finance

Stock prices going against predictions

Despite predicted increases, many companies posting positive business results and profits have seen their stock price fall, with banking, securities, and steel stocks being examples. Conversely, the stock price of some companies with declining profits or losses and a gloomy outlook have increased significantly.
Lending to BOT and BT projects needs care
Investment

Lending to BOT and BT projects needs care

Banks have assessed that lending to build-operate-transfer (BOT) and build-transfer (BT) projects is risky and needs to be strictly controlled. The bad debt ratio in this lending is four-fold higher than the overall ratio.
Draft strategy to cope with Covid-19 prepared
Vietnam Today

Draft strategy to cope with Covid-19 prepared

According to a Ministry of Health report, solutions in the draft Master Strategy to effectively respond to Covid-19 in the new circumstances revolve around four major goals: reducing the rate of people infected, increasing vaccine coverage, reducing mortality, and restoring socio-economic development in line with disease control.

VET Exclusive

Vietnam Today

Government helping digital transformation for green growth

Government helping digital transformation for green growth

Speaking at the ASEAN Business and Investment Summit (ASEAN BIS) 2021 on October 25, Permanent Deputy Prime Minister Pham Binh Minh emphasized that the Vietnamese Government will support businesses during digital transformation, boosting the process and investment in high technology towards green growth and creating green jobs in all economic sectors.

Investment

Lending to BOT and BT projects needs care

Lending to BOT and BT projects needs care

Banks have assessed that lending to build-operate-transfer (BOT) and build-transfer (BT) projects is risky and needs to be strictly controlled. The bad debt ratio in this lending is four-fold higher than the overall ratio.

Banking & Finance

Remittances to HCMC to be up against 2020

Remittances to HCMC to be up against 2020

Remittances to Ho Chi Minh City in 2021 are expected to be 10 to 12 per cent higher than in 2020. This is an impressive figure given the pandemic and a major source of support for Vietnam’s balance of payments.

Business

More needed to boost tourism

More needed to boost tourism

After a long period of being “frozen”, some localities have begun welcoming tourists from both inside and outside of the city or province. But difficulties remain, as most tourists will only travel once safety is ensured and it is more convenient.
Wind power likely to disappoint foreign investors

Wind power likely to disappoint foreign investors

Vietnam will see about 4,000 MW of wind power projects not gaining Commercial Operation Date (COD) recognition due to Covid-19, leading to losses of about $6.51 billion in the Feed-In-Tariff (FIT) price and $151 million in annual operating costs. If there are no suitable solutions, Vietnam’s wind power segment will be a disappointment for foreign investors.

Society

Social housing unappealing to investors

Social housing unappealing to investors

Ho Chi Minh City plans to soon build 1 million low-priced apartments to meet demand among workers. But many real estate investors are not interested in such projects. To attract more investors, the government needs to create additional mechanisms and policies, in particular shortening procedures.