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2017 ended with mixed insights on market dynamics in the following years. Developers, buyers, and lessors are chasing after investment opportunities before the market shifts. Vietnam continues to be a promising land for foreign investors, while other neighbouring countries have become mature and thus less attractive.
The food processing industry still has enormous potential for development even in the currently tough business climate, according to Vietnam’s Deputy Minister of Industry and Trade Ho Thi Kim Thoa. However, support measures from the government and commitment by firms to develop would be crucial to make the most of these multiple opportunities.
The enforcement of the new Building Energy Efficiency Code from November 15 provides a significant step forward in improving standards and reducing energy consumption for new buildings in Vietnam.
The fast pace of economic development has serious consequences for the environment and socio-economic development, both on a global and national scale; and the implications of climate change are some of the greatest challenges Vietnam currently faces.
The Japanese government’s attempts to promote the yen currency in the Vietnamese market via a trading fund initiative to support local exporters has yet to take off in Vietnam, where the dollar remains the currency of choice for export transactions.
The government is likely to grant a special privilege concerning the lending limit for one state-owned commercial bank so it could fund a capital-thirsty national power transmission lines project developed by Electricity of Vietnam (EVN).
Commercial banks are casting a shadow over the country’s first fertiliser plant, failing to approve the $75-million loan package that the project hopes to receive this year.
For the first time in Vietnam, three state-owned banks have joined forces to provide a guarantee on the country’s largest ever shipbuilding export deal.
The Vietnamese dong has remained steady during the first nine months of the year, and its stability against the US dollar and other hard currencies will continue until year-end, financial experts have said.
The government has announced several measures to boost the use of cheques in the country, including a rather draconian one to dissuade people from issuing ‘rubber’ cheques.