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LG’s projects are the most prominent in Hải Phòng with a total value of $7.24 billion, representing more than 37 per cent of the total FDI in the city.

Many banks plan to pay dividends in shares in 2023, along with plans to increase charter capital.

Standard Chartered Bank forecasts Việt Nam’s second quarter GDP growth to have slowed to 1.5 per cent year-on-year (from 3.3 per cent in the first quarter), posing downside risks to its 6.5 per cent growth forecast for 2023. However, a rebound is expected in the second half of the year.

Due diligence is the process companies should carry out to identify, prevent, mitigate, and account for these impacts in their operations, their supply chain, and other business relationships.

Director of the Administrative Procedures Control Agency Ngô Hải Phan said that the results of simplification of business regulations had not met the Government’s requirements.

The hotel industry in HCM City is facing significant challenges with a wave of hotels in the city put up for sale at deep discounts amid the ongoing economic recession and sluggish tourism market.

HCM City will carry out the “Shopping Season” promotion programme from June 15 to September 15.

Tax procedures posted the highest score among nine groups of key administrative procedures rated by the report Administrative Procedure Cost Index 2022 (APCI 2022).

The MoU is expected to establish a comprehensive cooperation framework between the two sides in compliance with relevant national laws, rules, regulations, and policies in their respective countries; and to form and develop their collaboration in market management.

Authorities are being pressed to clarify regulations on the dual-use of agricultural land for tourism purposes to develop economy.