BUSINESS NEWS IN VIETNAM IN THE FIRST WEEK OF SEP24

There are highlights of business news in the first week of September 2024: SpaceX is ready to invest and offer internet services in Vietnam; Vietnam ranks 49th out of 89 economies about real estate transparency; Gojek to withdraw from Vietnam in mid-September; Vietnam’s CPI in August stayed almost unchanged; Blue-chip stocks help lift VN-Index.

SpaceX is ready to invest and offer Starlink satellite internet services in Vietnam.

Tim Hughes, senior vice president for Global Business and Government Affairs at SpaceX, the U.S.-based provider of spacecraft, satellite launch services, and satellite communications, stated during a meeting with Vietnamese Prime Minister Pham Minh Chinh in Hanoi on Friday that SpaceX is ready to invest and offer its Starlink satellite internet services in Vietnam. SpaceX began offering Starlink satellite internet services in the U.S. in October 2020 and now serves nearly three million customers across over 100 countries. Hughes praised Vietnam’s investment climate and its initiative to provide universal internet access. 

Vietnam ranks 49th out of 89 economies in term of real estate transparency

This ranking is reported by a recent global real estate transparency index (GRETI) of global property services firm Jones Lang LaSalle (JLL). GRETI is based on a combination of quantitative market data and survey results across 89 countries and 151 city markets. Vietnam improved from 52nd in 2022 rankings to 49th this year, maintaining its position among the group of semi-transparent markets.

Gojek to withdraw from Vietnam in mid-September

Ride-hailing and food and goods delivery company Gojek will cease operations in Vietnam from September 16 as part of the business strategy of its parent company GoTo, headquartered in Indonesia. Gojek launched its application in 2015 with only four services: GoRide, GoSend, GoShop, and GoFood. It later expanded its operations to offer several additional services and broaden its reach in Vietnam in 2018.

Vietnam’s consumer price index (CPI) in August stayed almost unchanged

The consumer price index (CPI) in August stayed almost unchanged from the previous month as a result of mixed trends in goods and consumer service prices, the General Statistics Office (GSO) reported on September 6.

Blue-chip stocks help lift VN-Index 

The last is News of Vietnam Stock market: Despite a divergence trend and cautious capital flow, the rebound in blue-chip stocks has enabled the VN-Index to finish the week on a positive note. Foreign capital returned to the market as foreign investors net bought on both main exchanges.

 

VIETNAMMANUAL

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