Page 2 - Van Luc News Today

The latest status upgrade in Vietnam-US ties has generated great potential to lure further foreign direct investment (FDI), given Vietnam’s need for soft and hard infrastructure, experts said.

Limited financial resources for industrial park technical infrastructure is preventing new investments and project expansions.

The corporate bond market is expected to remain relatively sluggish until the end of the first quarter of 2024, as conditions for issuing and trading corporate bonds tighten.

Vietnam’s revised Law on Credit Institutions introduces broad reforms aimed at enhancing banking sector governance, transparency, and efficiency.

A new strategic regulatory reform by Vietnam’s central bank aims to balance risk management with robust credit expansion, particularly in sectors pivotal to the country’s economic growth.

The Vietnamese economy is likely to expand by 6-6.5 per cent in the base scenario, with even recovery recorded in all sectors of agriculture, industry, construction and services, Dr. Can Van Luc, a member of the National Financial-Monetary Policy Advisory Council, has predicted.

A moderate exchange rate movement is forecast for this year.

Despite plenty of work on reviving Vietnam’s real estate taking place last year, fruition may not be felt for quite a while yet.

The domestic real estate market is believed to have reached the bottom and expected to roar back to life this year thanks to a slew of measures taken by the Government, ministries, agencies and localities.

Real estate remains a good investment channel in the long term, and the market will start recovering in 2024, insiders have said.