Page 3 - VET351

% CONTENTS | ISSUE 351, February 2024

COVER STORY

A host of uncertainties linger as Vietnam and the world look
ahead to 2024. Discussions involving various stakeholders
at a recent VET forum centered around which scenario
would be the most beneficial for the country given that
pressing issues exist both internally and externally.
Comments and opinions at the forum will be shared with
the government for consideration as it goes about
determining which direction is best for the economy as
2024 unfolds. There is widespread agreement among all
that Vietnam must not only continue with existing growth
drivers but also look at new drivers to take it forward.

DIGITAL BIZ
Editor’s letter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
Sky’s the limit Cloud computing possesses great potential . . . . . . . .38
AT A GLANCE

Leading news from the month at a glance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4
PROPERTY

On solid ground Industrial real estate in great shape . . . . . . . . . . . . . . . . . . . .40

BIZ GUEST Longing for luxury Prospects bright for high-end apartments . .42
Multi-pronged investment approach Mr. Edwin Tan, Deputy CEO
of Frasers Property Vietnam . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .22 CORPORATE NEWS
What’s happening in the world of business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .44
AMBASSADOR TALK
Fostering extensive engagement H.E. Sandeep Arya, Ambassa-
dor of India to Vietnam . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .24

BUSINESS REPORTS
Up to speed; Center of appeal; Products repurposed; Picking Statistics Updated economic figures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .46
up pace; On the radar; Addressing expectations . . . . . . . . . . . . . . . . . . . . . . . . .25

ANALYSIS
Capital in decline Innolab Asia looks at the struggles facing tech
startups in securing private funding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .36

PICTURES BY TRAN VIET TU AN , DESIGN BY VET MEDIA

VIETN AM ECONOMIC TIMES

EDITOR-IN-CHIEF Dr. Chu Van Lam COMMERCIAL OFFICES DISTRIBUTION CHANNELS • Embassies in Vietnam, cultural centers EMAIL
Managing Editor: Ta Thu Trang Vietnam: of countries, and representatives of
HANOI • Via a network of publishers in international organizations in Vietnam. editor.vet@gmail.com
SCIENCE COUNCIL : Vietnam’s 63 cities and provinces, the
Prof. Dr. Sc. Nguyen Quang Thai - President, Tel: (84 24) 3755 2060 Overseas: HANOI:
Prof. Nguyen Xuan Thang, Prof. Phan Van Tiem, Prof. Vu Huy Fax: (84 24) 3755 2046 nationwide postal service, and book Vietnam’s Embassies and/or Commercial
Tu, Prof. Dao Nguyen Cat, Prof. Hoang Van Cuong, Prof. and newspaper distributors in Hanoi Offices in ARGENTINA, AUSTRALIA, CHILE, 96 Hoang Quoc Viet, Cau Giay District,
Nguyen Trong Hoai, Prof. Truong Ba Thanh, Prof. Tran Ngoc Email: editor.vet@gmail.com and Ho Chi Minh City. CHINA, CUBA, CZECH, EGYPT, EU AND BEL- Tel: (84 24) 3755 2050, Fax: (84 24) 3755 2058
Hien, Prof. Ngo Thang Loi, Prof. Nguyen Mai, Prof. Luong GIUM, FRANCE, HONG KONG (CHINA), INDIA,
Xuan Quynh, Prof. Nguyen Dinh Huong, Prof. Nguyen Cong HO CHI MINH CITY:
Nghiep, Associate Prof. Vu Cuong, Associate Prof.Vo Dai Luoc, • Business Class lounges at airportsin INDONESIA, JAPAN, POLAND, SINGAPORE, THE 1/1 Hoang Viet, Tan Binh District,

Associate Prof. Vu Van Phuc, Associate Prof. Truong Thi Minh HO CHI MINH CITY Vietnam, on international flights of Viet- REPUBLIC OF KOREA, UAE, UKRAINE, USA... Tel: (84 28) 3811 7400, Fax: (84 28) 3811 7412
Sam, Associate Prof. Nguyen Hong Son, Associate Prof. Bui nam Airlines, hotels and resorts nation-
Tat Thang, Associate Prof. Tran Dinh Thien, Dr. Vu Tuan Anh, Ms. Huynh Ngoc Duyen wide, coffee shops, bars, luxury Online Magazine:
Dr. Vu Thanh Tu Anh, Dr. Nguyen Ba An, Dr. Le Dang Doanh. Email: duyenhuynh.tcktvn@gmail.com restaurants, travel agencies, international www.vneconomy.vn (Vietnamese)
schools, and international hospitals. www.facebook.com/vneconomy
ENGLISH LANGUAGE EDITOR John Harding Tel: 0908 292015 www.en.vneconomy.vn (English)
We would like to sincerely thank the Ministry of Foreign Affairs and all overseas embassies and representative offices of Vietnam for their support and cooperation in the worldwide circulation of our magazine.
ISSN 2734 - 9683 - LICENCE No. 272/GP-BTTTT ON JUNE 26, 2020, PUBLISHED MONTHLY BY THE VIETNAM ECONOMIC ASSOCIATION, PRODUCED IN VIETNAM AND PRINTED AT TIEN PHONG PRINTING AND COMMERCE JOINT STOCK COMPANY. © ALL RIGHTS RESERVED

en.vneconomy.vn FEBRUARY 2024 | VIETNAM ECONOMIC TIMES | 1