Government to introduce strong incentives for rental housing development
Vietnam News·- A government official in Hanoi reported that upcoming policy reforms will focus on increasing incentives to support the expansion of the rental housing sector. - Despite having a relatively comprehensive legal framework, the development of rental housing remains limited due to urbanization and rising housing demand. - The Ministry of Construction is prioritizing improvements to policy mechanisms, reviewing technical standards, and assessing demand to address the increasing need for rental housing in key urban areas.Foreign investment inflow in Jan–May up 34.9 per cent year-on-year
Vietnam News·- Vietnam attracted $24.8 billion in foreign investment in the first five months of this year, a 34.9% increase year-on-year. - The capital primarily flowed into manufacturing and processing, which drew $9.64 billion, making up 65% of total commitments. - Singapore remains the largest investor in Vietnam with $6.8 billion, followed by South Korea and mainland China, while total actual foreign direct investment is projected at $9.75 billion, marking a five-year high.PM orders breakthrough mechanisms for VIFC in June
Vietnam News·- Prime Minister Le Minh Khai has called for new regulations in June to establish a breakthrough mechanism for the Vietnam International Financial Center (VIFC) to rapidly launch key financial products and services. - Emphasizing the urgency of operationalizing VIFC, he assigned Deputy Prime Minister Nguyen Van Thanh to lead the executive committee, with a framework established to attract foreign investment and enhance capital flow for sustainable economic growth. - Relevant agencies must submit proposals this week to restructure the executive committee, focusing on defining VIFC's financial services while aligning with trade and investment priorities.Vietnam inflation accelerates in May, trade deficit widens
CNA·- In May, Vietnam's inflation rate accelerated to 5.6%, up from 5.46% in April, and the trade deficit widened to $5.21 billion from $3.28 billion in April. - Exports grew by 18% year-on-year to $46.93 billion, while imports surged 33.8% to $52.14 billion, reflecting the impact of the ongoing Iran conflict on Southeast Asian economies. - For the January to May period, exports increased by 19.5%, reaching $215.66 billion, and imports rose 30.8% to $229.46 billion, resulting in a total trade deficit of $13.8 billion.Vietnam touts IP crackdown results after US launches new probe
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