The Business Climate Index is the leading indicator of the European business and investment community in Vietnam. European businesses in Vietnam expressed their positiveness about Vietnam’s prospects for green growth, according to the latest Business Climate Index (BCI) released by the European Chamber of Commerce in Vietnam (EuroCham) and YouGov Vietnam. CEOs of European businesses gather an event in Ho Chi Minh City last April. Photo: EuroCham According to the BCI, nearly 80% of participants said their assessment of Vietnam’s green development potential improved from the first quarter of this year. About 44% of the respondents have good and excellent outlook regarding the potential for Vietnam’s green and sustainable development. Regarding the link between green growth and foreign-direct investment (FDI), nearly 90% of the respondents believed Vietnam should accelerate green sector development to attract more foreign investment. EuroCham Chairman Alain … [Read more...] about European businesses positive about Vietnam’s prospects for green growth
Vietnam stock market index
Business Climate Index in Vietnam drops: EuroCham Vietnam
EuroCham President Alain Cany In comparison to the first quarter of 2022, European investors' confidence in Vietnam's growth potential has decreased. Approximately 60 percent of respondents predict that Vietnam's economy will stabilize or improve in the third quarter of 2022, while this figure was 69 percent the previous quarter. Around 45 percent of survey respondents said they were very satisfied or satisfied with Vietnam's efforts to attract and retain foreign direct investment (FDI), while 76 percent expect their company to raise capital. FDI into Vietnam before the end of the third quarter. However, regarding Vietnam's green growth prospects, 79 percent of business leaders said their assessment of Vietnam's green development potential has improved. Nearly 90 percent of respondents think that Vietnam should strengthen the development of the green sector to attract more foreign investment. The survey also identified barriers to European investment in Vietnam and trade … [Read more...] about Business Climate Index in Vietnam drops: EuroCham Vietnam
Vietnam to solidify macro-economic stability: PM
Vietnam’s economy has performed well amid a difficult global environment in the first six months of the year. The Vietnamese Government would stay focused on stabilizing macro-economic conditions, containing inflation, and keeping all major balances intact. Overview of the meeting. Source: VGP Prime Minister Pham Minh Chinh gave his conclusion at the monthly Government meeting held today [July 4]. According to Chinh, Vietnam’s economy has performed well amid a difficult global environment in the first six months of the year. Chinh highlighted the GDP growth of 7.72% in the second quarter, the highest second-quarter growth since 2011, and the six-month GDP growth of 6.42%. Such half-year growth rate is even higher than the pre-pandemic one. (6.38% in the 2016-2019 period). In this context, 44 out of 63 provinces/cities posted economic growth of over 6%, which showed a consistent recovery level among localities, he said. Other positive factors include … [Read more...] about Vietnam to solidify macro-economic stability: PM
Vietnam wins 13 awards at “Two country circuit” photo contest
A photo titled “Phong Dien floating market” by Tran Anh Thang is given a certificate of honour. (Photo: qdnd.vn) Hanoi (VNA) – Vietnamese photographers have won 13 medals and certificates of honour in travel, portrait and free categories at the 7th “Two Country Circuit” photo contest 2022. A photo entitled "Stork season in Van Long” by Nguyen Dang Hao wins gold medal .(Photo: qdnd.vn) The event, which was organised by Novi Sad, Kotor and Podgorica photography clubs of Serbia and Montenegro and sponsored by the International Federation of Photographic Arts (FIAP), drew entries from 37 countries and territories worldwide./. Đỗ Thị Mai Hiên source … [Read more...] about Vietnam wins 13 awards at “Two country circuit” photo contest
State Bank of Vietnam announces amendments to bank loans circular
Illegitimate land slots in Bao Loc City, Lam Dong Province. The draft bans bank loans to borrowers who use the loans to secure future transactions that are unqualified at the moment of the loans. — VNA/VNS Photo The State Bank of Viet Nam (SBV) has been developing a draft amending Circular 39 on bank loans, to keep credit risks in check. The draft bans bank loans to borrowers who use the loans to secure future transactions that are unqualified at the moment of the loans. The ban is expected to prevent the use of bank loans to purchase future real estate properties, which have not been given carte blanche from the authorities due to the lack of construction permits and proof of land use rights. The HCM City Real Estate Association (HoREA) believes that law-abiding real estate firms will remain unaffected by the ban since bank loans are still available to borrowers who aim for qualified real estate properties offered by the firms. "Unqualified realty properties include … [Read more...] about State Bank of Vietnam announces amendments to bank loans circular
Brancher.X rated the most capable Media Agency in Vietnam by RECMA
RECMA - a worldwide research company specializing in agency evaluation recently published a report about agencies in the Vietnam market. In this report, Brancher.X is rated first among the "Top 5 High Profile Agency" (Top 5 most capable agencies in Vietnam). RECMA is an independent research organization that makes assessments about the Agency market. Every year, RECMA publishes ranking of Media Agencies in 60 different markets around the world. In 2022, RECMA's market report assessed the major media agencies in Vietnam, and Brancher.X was selected as Agency with the highest business momentum and potential in the Vietnam market. Recma Ranking VietNam Market 2022 (Source: Report from RECMA 2022) This result is based on many evaluation criteria such as client portfolio growth, growth rates, expert staff, changes and stability of CEOs and head of expertise, competitiveness in pitches, market share, awards… With the rigorous survey of RECMA, Brancher.X was rated as the top Media … [Read more...] about Brancher.X rated the most capable Media Agency in Vietnam by RECMA