China developed or developing

The resolution on developing Thua Thien Hue by 2030, with a vision to 2045, notes that the province has been able to achieve an average annual economic growth of 7.2 percent over the past 10 years, higher than the national average, with tourism becoming a spearhead sector, and fishery and aquaculture being a driving force for economic growth. … [Read more...] about Hue set to achieve federal city status by 2025

Vietnam, as a result, became a highlight, which drew attention from the international community and investors in the rather bleak context of the global economy overshadowed by the Sino-U.S. trade war. This soon led to developments that were favorable for the balance of foreign currency supply and demand from the basic activities in the economy, such as a trade surplus amounting to US$9.9 billion, remittances estimated at US$16.7 billion, and foreign investment disbursement set at US$20 billion and indirect investment at over US$4 billion. … [Read more...] about Peacetime in sight for the dong

Viewed from the supply side, the foreign direct investment (FDI) sector has over the years contributed around 20% of Vietnam’s GDP and has generated a growth rate much higher than the national growth rate. There has existed also a response lag between registered FDI capital and the actual growth of this sector in the years that follow. During 2018 and 2019, the growth of registered FDI capital in Vietnam—excluding transactions in share purchases or capital contribution to operational company—tended to decline. Therefore, the FDI sector’s growth may decelerate in the few years to come. … [Read more...] about Not too many macro fluctuations expected for 2020

Digital transformation is creating new development spaces – digital economy, digital society and e-government – based on rapid expansion of digital technologies such as artificial intelligence, Big Data, machine learning, deep learning, block chain, cloud computing and the Internet of Things. This process opens up a great opportunity for Vietnam to make breakthrough developments, quickly catching up with developed countries which have already started the transformation. The Vietnamese Government was pushing this process and digital enterprises – which adopt, transfer, study and develop products, platforms and solutions based on digital technology – would play a key role in the transformation process, the directive said. It asked Vietnamese digital firms to take the lead and create a breakthrough in the implementation of the “Made in Vietnam” strategy – an important policy which encourages Vietnamese enterprises to make … [Read more...] about PM signs directive to promote digital enterprises

Dat Xanh group has bought many land plots to develop projects which include Opal Garden and Opal Skyview. Vietnam’s An Gia Group, joining forces with Japanese Creed Group, has completed the purchase of seven blocks of Lacasa residential quarter in a deal worth VND910 billion. … [Read more...] about More Vietnamese investors are buyers in real estate M&As