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Congratulations on Zimbabwe Independence Day
ISSUE 353, April 2024
Contents

COVER STORY
Vietnam has it worse than most countries in terms of the
threat climate change poses. As it deals with that reality, it
has also shown itself to be at the forefront of global efforts
to address the danger. Recognizing that cutting emissions
can set it on a path to sustainable development, the country
has pursued a strategy to turn its net-zero commitment at
COP26 into concrete action, introducing measures to
ensure its economy undergoes a green transition. In
support of this, VET is set to co-hold the Vietnam Connect
Forum 2024 on April 10 to bring a range of stakeholders
together to identify appropriate and workable solutions to
make an impact in the years ahead and set an example for
the world to follow.

PROPERTY
Editor’s Letter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2
Short of requirements Lack of supply an issue in Hanoi’s

AT A GLANCE
Leading news from the month at a glance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4 real estate market . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .44
Enduring appeal Foreign investors remain keen on local
BIZ GUEST property market . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .46
Together moving forward Mr. Tim Evans, CEO of HSBC
Vietnam . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .30 BANKING & FINANCE
Fighting illegal funds Prime Ministerial Decision details
AMBASSADOR TALK measures to fight financial misdeeds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .48
‘We must think globally and act locally’ Ambassador of

France to Vietnam, H.E. Olivier Brochet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .32 CORPORATE NEWS
What's happening in the world of business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .50
BUSINESS REPORTS
Active engagement; ‘Man-made’ disaster; Returning to growth . . .36

DIGITAL BIZ
Star of the show E-commerce the leading light in Vietnam’s
Statistics Updated economic figures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .54
digital economy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .42

INTERVIEW “Just as the ‘Doi Moi’ reforms unleashed Vietnam’s economic

potential, a bold approach to energy transition could catalyze
transformative growth.” (P. 26)
Professor Ha Duong Minh
French National Center for Scientific Research (CNRS)

DESIGN BY VET MEDIA

VIETN AM ECONOMIC TIMES

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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
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