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ISSUE 355, May 1, 2024
Contents

COVER STORY
After a somewhat disappointing 2023, when a number of
economic indicators came in short of targets, results in the
first quarter of this year took on greater importance, not only
for the annual plan but also for the five-year 2021-2025 plan.
Though Vietnam’s GDP growth reached a record high in the
post-pandemic era, Q1 performance left much to do over the
remainder of 2024. Concerns were even expressed at a
recent discussion co-hosted by VET / VnEconomy over the
lack of sustainability evident in some first-quarter results
and what they may mean for this year and next. But
optimism was also in abundant supply, as it is still early days
and there is ample time for the country’s economy to shine.

DIGITAL BIZ
Editor’s Letter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4
Staffing shortfall Lack of human resources an obstacle in de-

AT A GLANCE
veloping a semiconductor industry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .38
Leading news at a glance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6
Set for success Vietnam well placed for building data center

BUSINESS REPORTS and cloud markets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .40
Bursting with promise; Playing by the rules; Boom on the
PROPERTY
horizon; Added requirements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .26 Key capital injection Legal amendments pave the way for over-

BANKING & FINANCE est remittances to head directly to real estate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .42
Legal backing sought Debt recovery in need of framework to Foreign interest sustained Macro factors will keep foreign in-
support operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .34 vestors keen on Vietnam’s real estate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .44
Pressure mounts Exchange and interest rate issues linger . .36
CORPORATE NEWS

What's happening in the world of business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .46

INTERVIEW Statistics Updated economic figures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .48

Overall growth of 5.66% is a positive start to 2024 for Vietnam’s economy
given the economic, political, and social changes being seen around the
world, in the region, and in Vietnam. (P. 20)

Ms. Nguyen Thi Huong
Director General of the General Statistics Office of Vietnam
DESIGN BY VET MEDIA

VIETN AM ECONOMIC TIMES

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ISSN 2734 - 9683 - LICENCE No. 272/GP-BTTTT ON JUNE 26, 2020, PUBLISHED SEMI-MONTHLY BY THE VIETNAM ECONOMIC ASSOCIATION, PRODUCED IN VIETNAM AND PRINTED AT TIEN PHONG PRINTING AND COMMERCE JOINT STOCK COMPANY. © ALL RIGHTS RESERVED
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