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Savings interest rates have set a new record low of only 1.9% per year for a 1-2-month term.
The latest Economic Insight report for Southeast Asia, commissioned by the Institute of Chartered Accountants in England and Wales and Oxford Economics, forecasted that Vietnam's economy to grow by 4.7% in 2023.
Though the asset quality of banks in Vietnam will be temporarily under control until the end of 2023, experts said more attention should be paid to the issue in 2024 as bad debts are rising.
The severe cold spell, which has blanketed the northern region as well as the north-central provinces of Thanh Hoa and Nghe An for about 10 days now, is expected to end early this week.
Vietnam this year has consistently grown in attractiveness to travellers worldwide, according to online travel platforms.
Foreign investors are expected to plough large amounts of money into the Vietnamese property market in 2024-26.
The Ho Chi Minh City Trade and Investment Promotion Centre (ITPC) cooperated with the HCM City Food and Foodstuff Association to organise a seminar "ESG - Green standards for the food industry" on December 20.
Vietnamese athletes will have the opportunity to take part in three major Asian-level tournaments in 2024.
Vietnam's real estate market will bounce back starting from the second quarter of 2024, and prosper into 2025, experts have said.
Vietnam is anticipated to emerge as a destination for Chinese enterprises in the near future, as investments from the neighbouring country have become increasingly diverse in areas such as energy, green development, and digital economy, according to experts.