Economic, trade, and investment ties between Vietnam and the Republic of Korea (RoK) are anticipated to make further breakthroughs in all aspects with greater achievements, said Prime Minister Pham Minh Chinh.

The State Bank of Vietnam (SBV) has delivered cuts to its policy rate three times in less than three months, each time of 50 basis points, to assist the country’s economic growth via the credit channel.

Property developers in Hanoi are lowering prices and extending payment packages to boost sales as weak demand continues to plague the market.

Although foreign capital in real estate fell by more than half in the first five months of 2023, positive signs are afoot as foreign backers continue to pinpoint Vietnam’s advantages.

If more social and affordable commercial housing is built, the frozen real estate market could thaw, according to experts.

Foreign investors are taking advantage of the low prices of hospitality properties in Vietnam to acquire hotels and resorts.

The State Bank of Vietnam (SBV) announced it would cut the interest rate ceiling on deposits of under six months to 5% a year starting on 25 May.

Buyers of condotels, officetels and resort villas can have ownership certificates from May 20 under a new decree guiding the implementation of the Land Law.

Japan retailer AEON is set to open more shopping centers in Vietnam and expand the import of Vietnamese goods for distribution in Japan.

Despite an overall export decline due to the shortage of orders, foreign direct invested (FDI) businesses still posted more than US$14 billion in trade surplus in the first four months, further affirming their role as the main growth driver of the economy.

Real estate remains a keen channel for investors to get interested in across the country, despite the current fluctuations in the market.

Vietnam requires a proper and attractive investment policy and a friendly business climate in order to attract new foreign direct investment (FDI), especially high-quality FDI flows, heard a seminar held on May 15 in Hanoi.