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VIETNAM ECONOMY INVESTMENT

LOW BANK RATES FAIL TO STIMULATE STRONG CAPITAL INFLUX INTO SECURITIES MARKET

The domestic stock market in Việt Nam, comprising the HOSE, HNX, and UPCoM exchanges, has shown improvement in transaction value since the beginning of the second quarter. The average session value has risen from US$476 million in the first quarter to $677 million in the second quarter and further to $1.01 billion in the third quarter of 2023.

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VIETNAM ECONOMY INVESTMENT

DEVELOPMENT FRAMEWORK NEEDED FOR WIND POWER SALES

Earlier, the Singapore government approved in principle the sale of 1.2GW from a 2.3GW offshore wind farm under the management of the PetroVietnam Technical Services Corporation (PTSC) - a member of the Vietnam Oil and Gas Group (PVN), to the Southeast Asian island nation through a high-voltage undersea cable.

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VIETNAM ECONOMY INVESTMENT

DEVELOPING THE CARBON MARKET IS KEY TO GREEN TRANSITION

The World Bank Group's Country Report on Climate and Development for Việt Nam in 2022 highlights that the effects of climate change cost the country roughly US$10 billion in 2020, approximately 3.2 per cent of GDP. By 2050, the entire economic expense associated with climate change could reach $523 billion.

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VIETNAM ECONOMY INVESTMENT

VIET NAM’S STABILITY, OPENNESS KEY TO NEW FDI COMMITMENTS

Cumulative foreign direct investment (FDI) commitment in Viet Nam increased despite global uncertainties, thanks to continued confidence in Viet Nam’s stability and openness, noted the World Bank (WB). In its Viet Nam Macro Monitoring for October 2023 report, the WB said, FDI commitment in Viet Nam for the first 10 months of 2023 reached US$25.7 billion, 14.7 percent higher than the same period last year.

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VIETNAM ECONOMY INVESTMENT

GERMAN INVESTORS CONTINUE TO BET ON THE VIETNAMESE MARKET

On November 21, the results of the AHK World Business Outlook Fall 2023 survey were unveiled, providing valuable insights into the perspectives of German investors around the world and in Vietnam. The survey, conducted from September 25 to October 20, focused on assessing the business situation, expectations, investment activities, and associated risks faced by German companies operating in Vietnam.

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VIETNAM ECONOMY INVESTMENT

VIETNAM STRUGGLES TO MEET 2023 PUBLIC INVESTMENT TARGET

With less than six weeks before the year 2023 is out, Vietnam is seeing the public investment disbursement target for the year as an impossible mission. Data from the Ministry of Finance showed that the nationwide disbursement results up to October amounted to 52% of the full-year plan and achieved 56% of the target set by the prime minister.

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VIETNAM ECONOMY INVESTMENT

DANANG LINES UP FRESH URBAN AREAS TO MATCH ASIAN STANDARDS

Danang is aiming to become an international seaport city and the growth pole of the key economic zone of the central Vietnam and Central Highlands regions. According to a master plan for the development of Danang approved this month, the city’s urban space is organised into 12 subdivisions.

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VIETNAM ECONOMY INVESTMENT

NEWLY-REGISTERED FDI AT 25.7 BILLION USD IN 10M

Total newly-registered investment capital, additional capital, contributed capital for share purchases, and contributed capital from foreign investors totalled 25.762 billion USD in the first 10 months of 2023, an increase of 14.7% over the same period of 2022 and the highest increase since the beginning of this year.


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