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Summary

16 OP EDS 46 DIGITAL BIZ
2022 GDP GROWTH EXPECTED SOLUTIONS PROPOSED

TO EXCEED TARGETED 6-6.5%

Vietnam’s GDP growth in the first half reached FOR BOOSTING DIGITAL
6.42 per cent after coming in at 7.72 per cent in TRANSFORMATION
the second quarter. With such growth
momentum and the socio-economic A number of solutions have been proposed to
development support and recovery package set promote Vietnam’s digital transformation
to have a major economic impact over the process, including building a common
course of the second half of the year, GDP regional data policy in accordance with
growth for 2022 as a whole is tipped to exceed trends in digital transformation standards in
the target of 6-6.5 per cent. industrialized countries, strengthening digital
skills training, applying technologies
appropriate to each field, and enhancing
36 BANKING & FINANCE capacity in cyber security. The effective
implementation of these solutions would
BAD DEBTS NOT A MAJOR contribute to the implementation of the

PROBLEM FOR BANKS country’s strategic goals for sustainable
development to 2030 and vision to 2045.

Economists have noted that Circular No. 14/2021/TT-NHNN has not
been extended and bank bad debts are certain to increase in the future.
However, bad debts due to Covid-19 will not accumulate immediately
and will rise only gradually, depending on the loan term. The bad debt
situation is therefore not overly concerning, because the economy is
recovering and the repayment ability of enterprises has improved. The
pressure to deal with bad debts is not excessive and banks are prepared.
50 BUSINESS
AGRICULTURAL ENTERPRISES
44 PROPERTY
FACING DIFFICULTIES
DA NANG A DESTINATION Enterprises producing and exporting processed

FOR REAL ESTATE PLAYERS agricultural products have said the difficulties they
currently face include the lingering effects of Covid-
19, supply chain disruptions from the Russia -
Ukraine conflict, and global inflation, all of which
have dramatically changed global consumption.
Consumers around the world are increasingly
tightening their spending and prioritizing essential
items, while products like snacks and local
specialties are no longer as attractive as previously.

Thanks to its natural beauty, synchronous infrastructure, methodical
planning, strong tourism development, and other factors, central Da
Nang city has become a popular destination for real estate investment
and the local market is now more appealing than elsewhere. It has
become even more vibrant this year thanks to the arrival or expansion
of international names. Major Vietnamese enterprises such as
Vingroup, Sun Group, and BRG, among others, are also promoting
their investment activities in the city.

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