At the July 17 meeting, the PM asked the experts continue supporting Vietnam through policy consultancy, technology transfer, human resources training, and sharing of smart governance experience.
The Ho Chi Minh City People’s Committee issued Decision No. 2993/QD-UBND dated September 7, 2022, on plans to attract experts and scientists in 2022, in the second phase. The city is boosting efforts to attract experts and scientists to meet the need for highly-qualified human resources at agencies and units, to serve scientific research programs, plans, projects, and technology development in key sectors.
Many securities investors are concerned with the stock market being under a lot of external risk pressure, as it is now. However, analysts have pointed out many advantages in the country’s stock market, such as low price-to-earnings (P/E) ratios and a higher return on equity (ROE) in the VN-Index than in the region.
Prime Minister Pham Minh Chinh chaired the “Developing a synchronous, efficient, modern and integrated science and technology market” conference on September 23, where experts proposed solutions to promote the development of science and technology, such as having policies to encourage technology transfer.
Petrol prices have been cut five times recently but the price of many goods and services remain high. To bring prices down to a reasonable level, solutions such as reorganizing distribution channels in a scientific manner, building short supply chains, and combining short supply chains with exchanges to help circulate goods efficiently and reduce the cost of intermediaries are needed.
Vietnam’s real estate market is experiencing a logjam in liquidity. Analysts have said that as credit and corporate bonds are shrinking, real estate prices may fall by up to 30 per cent. However, the Chairman of the Vietnam Association of Realtors (VARS) remains optimistic that the real estate market still holds substantial potential for development and can grow at an average annual rate of 15 per cent.
Agreeing that the operation of the banking system is not perfect and that inadequacies in the economy hinder the release of all resources for growth, analysts have proposed six solutions to improve efficiency in the management, exploitation, use, and promotion of resources for socio-economic development.
Inflationary pressure and the Russia - Ukraine conflict have contributed to foreign investors leaving Vietnam’s stock market recently, offloading nearly VND7 trillion ($307.7 million) in shares since the beginning of March. But many analysts believe withdrawals will slow and then return as foreign investors recognize that economies like Vietnam’s will benefit from the greater economic openness to come.
The economic recovery package of VND350 trillion ($15.35 billion) will have some remarkable effects, quickly resolving bottlenecks in infrastructure investment, supporting employers to pay salaries, and funding preferential loans for students and the poor. However, some economists are concerned that money may flow into speculation or not be used for production purposes.
