Lê Trọng Minh, Editor-in-Chief of the Investment Newspaper, highlighted that developing digital platforms is vital for accelerating digital transformation, reducing costs, and enhancing efficiency. This aligns with Vietnam’s National Digital Transformation Programme, which seeks to leverage technology for economic growth.
Yandex’s data shows that Vietnam ranked as the most searched Asian country by Russian users, following China and Thailand. The report indicates a 57% increase in search queries from Russia and a 48% rise from other countries within the CIS region, signaling a strong desire to explore Việt Nam's diverse attractions.
The EduTourism Seminar focused on showcasing Malaysia's education system and the unique learning opportunities it offers to Vietnamese students. Attendees gained valuable information on homestay tourism, local cultural experiences, and the quality of educational programs available in the country. The seminar also covered essential topics such as study programs, new visa policies, and global learning opportunities, making it easier for prospective students to understand the benefits of studying in Malaysia.
Petrovietnam, a leading player in the oil and gas sector, is keen to diversify its energy portfolio and embrace renewable resources. The collaboration with CIP, known for its expertise in infrastructure investments in renewable energy, presents an opportunity to leverage best practices and technological advancements.
In addition to revenue collection efforts, the Ministry of Finance has submitted a draft decree to the Government proposing a reduction in land rent fees for 2024. This initiative aims to support recovery efforts following the recent impact of Typhoon Yagi. Two options are being considered for the reduction: either a 15% or 30% decrease in land lease costs.
The Ministry of Industry and Trade (MoIT) has emphasized the importance of promoting early warning systems for trade remedies affecting Vietnamese exports. Additionally, the ministry aims to provide ongoing support to firms involved in trade defence lawsuits abroad.
The investigation reflects South Africa's broader efforts to protect its domestic tyre industry, which has faced challenges due to an influx of low-cost imports. Authorities are particularly concerned that Vietnamese tyres may be sold at prices below their fair market value, undermining local manufacturers and leading to potential job losses within the sector.
Additionally, the recent rally in the Malaysian equity market has been supported by improving sentiment in the region, partly due to favorable developments in China’s economic policies. Analysts believe that any positive news from China could bolster investor confidence and support local indices, including the FBM KLCI.
Stephen Innes, managing director of SPI Asset Management, noted that the ringgit's recent rally extends beyond the typical US-Malaysia interest rate differential. He attributes much of the current momentum to China’s stimulus initiatives, which have put the currency in a delicate position as its strength increasingly hinges on the prospects for China’s economic recovery.
The State Bank of Vietnam has emphasized the importance of supporting economic recovery while maintaining financial stability. It has called on banks to adopt a proactive approach to manage the risks associated with these relief measures. Some banks have already begun to strengthen their risk management frameworks and capital buffers to better navigate the expected challenges.
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