return icon

Vietnam Economic Forum to discuss real estate issues, supply chain disruptions

The labor force, the capital market, real estate market, digital transformation, and supply chain diversification will be topics discussed at the Vietnam Economic Forum 2022, slated for June 5.

The fourth economic forum is organized by the Party Central Committee’s Economic Commission and the Government with the participation of the HCM City People’s Committee.

The theme of this year’s forum is building an independent, self-reliant economy in association with deep economic integration in the new normal. 

This is the first time the event is being organized in HCM City (the previous three forums were held in Hanoi). There will be three thematic seminars, one plenary session and a high-level policy dialogue.

Nguyen Thanh Phong, deputy head of the Central Economic Commission, said the Covid-19 pandemic has posed many problems for the economy that need to be settled. At the same time, it has opened new development orientations with the goal of coping with the pandemic and stabilizing the macro economy, thus promoting growth and ensuring people’s lives.

In such conditions, it is necessary to implement restructuring of the economy and renovate the growth model so as to lay down a foundation for the sustainable development of the country in the medium and long term.

One of the important topics to be discussed at the forum is the development of the capital market and real estate market in the context of hot real estate news.

Explaining the decision to choose this topic, Nguyen Tu Anh, head of the General Economic Department of the Central Economic Commission, said in the current conditions, in order to integrate into the world, it’s necessary to consolidate the internal capacity of the economy to become more independent and self-reliant.  

This internal strength includes capital, real estate, and labor, important factors which, if used effectively, will help to better withstand external shocks.

According to Anh, the world’s economy is bearing two shocks, including one caused by Covid and the other from geopolitical conflict.

The supply chain disruption, caused by the conflict, plus the effects of the pandemic, have caused prices of essential goods such as grain, steel, coal and petrol to increase, which has put pressure on inflation.

Regarding supply chain diversification, Vu Hai An, head of the Department of International Economics and Integration, said the supply chain disruption will continue and there will be unpredictable developments affecting all aspects of life. The lack of goods and higher costs will place a heavy burden on people. Meanwhile, businesses’ profits will erode and Vietnam’s exports will be impacted.

Tran Chung


Foreign movies generate more revenue than locally produced films

After one week of release, the film ‘Suddenly Winning the Lottery’ earned VND 71 billion and remained firmly at No. 1 on the box office revenue chart. The film is one of the foreign films generating more revenue than locally produced films.

Ministry to keep coal-fired thermal power projects

To avoid legal risks, thermal power projects in the 8th national power development plan need to be retained, especially BOT (build, operate, transfer) projects, which involve foreign investors, the Ministry of Industry and Trade (MOIT) said.

EVFTA advantages threatened by tough competition

Although Vietnam is hoping for stunning growth in seafood exports, particularly in the likes of basa fish and shrimp, the nation’s share in the EU market and utilisation of its trade deal with the bloc remain under some pressures.

Vietnam wastes 160 tons of agricultural by-products a year

If 1 million by-products in the seafood industry were processed into valuable products, they would bring in US$4-5 billion. Vietnam produces 160 million tons of by-products a year.

Vietnam records high digital banking growth

Vietnam is one of the countries with the highest growth rates in digital banking though it is still a developing economy, according to international organizations.

Shopee empire is being shaken up

Aspiring to become a super app, Shopee is facing challenges, including in the Vietnamese market.

Corporate bond market reform adds safety net for investors

The fresh and stringent legislative framework for the corporate bond market is slated to pave the way for a better debt sector in Vietnam, while the interests of issuers and investors could be safeguarded.

Call of the past

The past artisans might have not imagined that the vases they made would become special cultural values, which are being hunted and those prices paid equal many years of hard work.

Young Khmer-Vietnamese woman earns high profits from flower "massage"

In the first half of the year, Chal Thy could not succeed but finally was able to learn how to pat and massage flowers so that sweet nectar would be secreted.

Nam Dinh museum preserves traditional rural way of life

The Rural Museum, located in the tranquil village of Binh Di in Giao Thien Commune, Giao Thuy District, is about 110km from Hanoi.

M&A in Vietnam forecast to slow down in H2 2022

M&A activities in Vietnam is forecast to slow in the second half as investors become more conservative about several macro trends impacting the country’s economy.

Vietnam, Cuba strive to lift two-way trade to US$500 million in next five years

The Vietnam-Cuba business promotion forum took place in Hanoi on September 30, seeing the participation of visiting Cuban Prime Minister Manuel Marrero Cruz and Vietnamese Deputy Prime Minister Le Minh Khai.

Vietnam defeat Saudi Arabia, top Group D at AFC Futsal Asian Cup

Vietnam beat Saudi Arabia 3-1 at the AFC Futsal Asian Cup 2022 in Kuwait on September 30, thereby topping Group D and having a high chance of securing a berth in the quarter-finals.

EuroCham Chairman praises strong and forward-looking government

Vietnam’s recovery has been ensured by strong and forward-looking government support which helped to bring in more high-profile FDI projects

Many firms suspend raising capital from stock market

Many enterprises have either stopped mobilizing capital or changed their capital-raising plans on the stock market amid existing uncertainties and disadvantages.