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The Birth of a New Province: A “Proud Owner of a Unique Geographical Location”...
The recent merger has accelerated the growth of Tay Ninh province, prompting a wave of new investments and project launches. This dynamic shift was evident in June and July, with an unusual surge of activity in the real estate market, as numerous new developments were unveiled.
“The Rise of Non-Performing Loans Stalls, Many Banks Improve Loan Quality”
The silver lining in the cloud of non-performing loans is that the upward trajectory of total bad debt at the end of the second quarter showed signs of abating. This improvement can be attributed to a combination of factors: prudent monetary policies, a cautious approach to credit strategies, and the gradual recovery of the economy. As a result, many banks have successfully enhanced their loan quality and mitigated bad debt risks.
The Road Less Travelled: Unveiling Hanoi’s Vision with a $700 Billion Makeover
The Hanoi People's Council has approved the utilization of 700 billion VND from the surplus salary reform budget to initiate land clearance for the upcoming expansion project of Linh Nam Street. This significant allocation of funds underscores the city's commitment to expediting the project, which is slated for completion by 2027.
