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Summary

36 BANKING & FINANCE 42 TRADE - MARKET

CASH FLOW IN BANKING LOOKING POSITIVE VIETNAM MOVING TOWARDS

After nearly two years of Covid-19, domestic money flows are now SUSTAINABLE EXPORTS
returning to their previous trajectory. In particular, the volume of
money that individuals are depositing in banks is rising rapidly, while Despite the Russia - Ukraine conflict, which is
businesses are gradually withdrawing deposits for production and one of many factors affecting economic
business. According to analysts, this is the clearest indication of a development around the world, Vietnam’s goods
recovery in the economy, with efforts by risk managers in the banking exports have continued to post high growth. The
sector proving effective. government and ministries have therefore been
working to boost exports even further. Decision
No. 493/QD-TTg approving the Commodity
38 INVESTMENT - INFRASTRUCTURE Import-Export Strategy to 2030, which contains
the goal of average annual export growth of 6-7
SUITABLE MECHANISMS NEEDED TO DEVELOP per cent in the 2021-2030 period, also proposes
RAILWAY NETWORK many solutions associated with digital
transformation to create sustainable supply for
exports, especially in the processing and
The State budget can only allocate VND14.2 trillion ($610.5 million) for manufacturing industry. It is also necessary to
railway infrastructure investment in the 2021-2025 period, or just 5.8 have a development policy for key agricultural
per cent of demand. According to the Vietnam Railway Authority products, and to apply advanced technical
(VNRA), in order for railway development to meet goals and the
roadmap, it is necessary to have appropriate mechanisms for promoting processes in agricultural product processing.
investment according to a list of projects seeking foreign investment and
allocating funds for the planning of specialized techniques in a number
of railway lines. It is also necessary to continue to change perceptions
towards railway transport development and to concentrate resources for
the development and management of railway infrastructure.

46 PROPERTY

POLICIES NEEDED TO CONTROL
LAND PRICES

Land prices have been surging around Vietnam in
almost all real estate fields, even in areas without
infrastructure or detailed planning. Cities and
provinces must therefore adopt policies on
temporarily suspending the allocation of land
plots, to prevent any gathering of land for
40 TRADE - MARKET subdivision and sale that is counter to the intended
use. Such policies would go a long way to
POLICIES NEEDED TO DEVELOP controlling land prices. Real estate analysts have
also said it is necessary to include the subdivision
LOGISTICS SECTOR and sale of agricultural and forestry land into the
Land Law, in order to ensure a solid legal basis for
The development of Vietnam’s logistics sector possesses many functional agencies and local authorities to
advantages from the country’s strategic location in Asia, large manage and plan land in an effective manner.
consumption market, and strong development of e-commerce, among
other factors. To boost these advantages requires a consistent
development policy, from investment attraction to improving
infrastructure and administrative procedures. Vietnam needs to adopt
policies to create favorable conditions for attracting FDI into logistics
and to standardize logistics infrastructure for enterprises in the field. It
is also necessary to take measures to control logistics prices, to ensure
the sector’s ongoing development.

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