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VIETNAM ECONOMY INVESTMENT

VIETNAM’S OUTBOUND INVESTMENT RISES 4.6%

Statistics from the Foreign Investment Agency showed that Vietnamese enterprises have expanded their outbound investments across 14 sectors. The wholesale and retail sector took the lead with 26 new investment projects and six projects involving capital adjustments, accounting for 36.1% of the total outbound investment capital.

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VIETNAM ECONOMY INVESTMENT

VN TARGETS 95 PER CENT OF DEPOSITORS TO BE FULLY INSURED BY 2025

Under the strategy for deposit insurance development until 2025, with a vision towards 2030, the Government aims to ensure 45 per cent of depositors understand the core contents of the deposit insurance policy by 2025 and raise this percentage to 50 by 2030.

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VIETNAM ECONOMY INVESTMENT

NEW POLICY ON TIGHTENING USE OF SHORT-TERM CAPITAL FOR LONG-TERM LOANS TAKES EFFECT

As stipulated in Circular 08/2020/TT-NHNN, both Vietnamese banks and foreign bank branches in Việt Nam are required to reduce the maximum ratio of short-term capital for medium and long-term loans to 30 per cent as of October 1, 2023.

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VIETNAM ECONOMY INVESTMENT

PROMISING OUTCOMES FOR 2023’S FDI

On September 22, three months after the signing of a comprehensive business agreement in Seoul city of South Korea on eco-friendly, high-tech material between SKC Group and Haiphong People’s Committee, the group’s representatives were present in the northern port city to receive an investment registration certificate for $500 million.

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VIETNAM ECONOMY INVESTMENT

PUBLIC INVESTMENT DISBURSEMENT EXCEEDS 50% IN JANUARY-SEPTEMBER

Disbursement of public investment capital reached VND363.3 trillion (US$15.3 billion) in the first three quarters this year, accounting for 51.38 percent of the whole-year volume, Deputy Minister of Planning and Investment Tran Quoc Phuong told reporters on Thursday.

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VIETNAM ECONOMY INVESTMENT

TRADE SURPLUS NEARS US$20 BLN IN JAN-AUG

Vietnam’s total import and export value reached US$436.44 billion in the reporting period, a decrease of US$64.21 billion in value from the same period in 2022. The export value of fruits and vegetables rose 61.8% year on year to US$3.55 billion, including US$464.47 million in August, up 14.8% from the previous month.

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VIETNAM ECONOMY INVESTMENT

GDP GROWTH ROSE IN FIRST NINE MONTHS OF 2023

GDP in the third quarter is estimated to have increased by 5.33 per cent on-year, the lowest growth seen since before 2011, apart from the pandemic years of 2020 and 2021. However, this is seen as positive when compared to the growth of 2023's previous quarters, 3.28 per cent in the first, and 4.05 per cent in the second.

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VIETNAM ECONOMY INVESTMENT

VIETNAM'S RETAIL SECTOR FACES MOUNTING CHALLENGES

On September 22, Vietnam Report unveiled its annual list of the Top 10 Credible Retail Companies for 2023. The rankings, reflected an industry grappling with significant challenges of considerable interest to investors and stakeholders.


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