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Tuesday, December 24, 2024

CATEGORY

Weekly

Key growth drivers amid uncertainties

As Vietnam is working hard to attain its 2024 economic growth target of 7%, domestic consumption stimulus has emerged as a critical tool. Alongside measures like promoting credit growth and stabilizing interest rates, fiscal policies such as tax reductions and income increases are gaining prominence. Consumption stimulus, tax reduction and income increase “To stimulate domestic consumption, the Ministry of Industry and Trade has launched the National Trade Promotion Program 2024, which is set to run from December 2 to 31, 2024. Businesses are expected to offer promotions of up to 100%,” the ministry announced on December 2. This initiative is viewed as a crucial and timely policy to help achieve the economic growth target of 7% in 2024. On November 26, 2024, the Prime Minister issued Official Dispatch 121/CD-TTg, emphasizing the need to strengthen domestic market development and stimulate consumption. In addition to organizing trade promotion programs, the Prime Minister directed the Ministry of Industry and Trade to regulate supply and demand, stabilize markets, and formulate policies to ensure smooth domestic market operations. The ministry has also been tasked with implementing programs and events to support people and businesses in trade activities, promoting the consumption of domestic goods through digital […]
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An enabling environment for tech giants

Amid global supply chain restructuring and geopolitical tensions, what has made Vietnam a favored destination for major technology corporations recently? Diversifying supply chains to minimize...

Empowering the private sector

Vietnam is entering a transformative phase of growth, bolstered by strategic efforts to overcome obstacles and achieve sustainable development, Party General Secretary To Lam...

Suntory Pepsico – 30 years of growing for good in Vietnam

Throughout 30 years, Suntory PepsiCo Vietnam has grown from an early FDI company into a leader in the beverage industry in the country. On...

Risks of water deficiency

The body does not need much water when temperatures fall. This is why many people suffer from dehydration during winter or when it is...

Adapting in the AI era

As artificial intelligence (AI) is reshaping workplaces, IT professionals find themselves at a pivotal juncture. Traditionally a field dominated by technical expertise, the industry...

The race for bank capital hikes

Vietnamese banks have been in a race to add capital this year. This bank capital increases are expected to accelerate further in the coming...

Trade uncertainties ahead

It is almost certain that the Donald Trump 2.0 administration will closely monitor and take tough actions regarding trade surpluses that other countries have...

Key factors seen influencing stock market in 2025

The global economy is projected to recover gradually in 2025, but uncertainties will be still there. The return of Donald Trump as U.S. President,...

What’s in The Saigon Times Weekly this week?

Focus: Suntory Pepsico - 30 Years Of Growing For Good In Vietnam: Throughout 30 years, Suntory PepsiCo Vietnam has grown from an early FDI company...

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