FIRMS HOLD CHANCES TO BOOST SUPPORTING INDUSTRIES AMID FDI INFLOWS
Among the 1,300 European businesses inquiring about the investment climate in Vietnam, up to 63% listed the country among the top 10 destinations for foreign direct investment (FDI) firms, the Sai Gon Giai phong (Liberated Saigon) daily reported.
SINGAPORE TO IMPORT 1.2GW OF LOW-CARBON ENERGY FROM VIETNAM
Singapore’s Energy Market Authority (EMA) on October 24 announced that it has given tentative approval for plans to import 1.2 gigawatts (GW) of primarily wind-generated electricity from Vietnam.
VIETNAM’S ECONOMIC PERFORMANCE IN THE FIRST 9 MONTHS OF 2023
Basic indicators of Vietnam’s economy in the first nine months of 2023: GDP increased by 4.24%, average CPI was 3.16%, foreign investment rose 7.7%, and the trade surplus was estimated at 21.68 billion USD.
VIET NAM STEPS UP IMPLEMENTATION OF LABOUR COMMITMENTS IN FREE-TRADE AGREEMENTS
Accordingly, recently, with the efforts of the Vietnamese Government and relevant parties, by the end of December 2022, Việt Nam had joined 25 Conventions of the International Labour Organization (ILO), including nine out of 10 Fundamental Conventions, three out of four Administrative Conventions and 13 Technical Conventions.
VIET NAM’S FOREIGN TRADE EXCEEDS US$500 BLN
In the first half of October, the nation earned US$14.2 billion from exporting, raising the total export value from the beginning of the year to October 15 to US$272.74 billion, a decrease of over US$24 billion in comparison with the same period last year.
NEW OFFICES OPEN IN THU THIEM NEW URBAN AREA
The Ho Chi Minh City office market has shown signs of vibrancy in Q3 with the introduction of two new office buildings in Thu Thiem New Urban Area of Thu Duc City, spanning 85,000 square metres in total. The Mett and The Hallmark are both Grade A buildings in a convenient location only five minutes from Nguyen Hue Boulevard – the heart of Ho Chi Minh City – with green certificates. Both have achieved positive pre-commitment leasing results.
PUBLIC INVESTMENT CRUCIAL FOR VIETNAM’S ECONOMIC GROWTH: ADB DIRECTOR
Vietnam’s maintaining the momentum of public investment will be crucial because it will rejuvenate economic activities, generate employment, and enhance domestic consumption, said ADB Country Director for Vietnam Shantanu Chakraborty.
UNLOCKING THE POTENTIAL OF DIGITAL DATA ACROSS VIETNAM
Digital data has been an important and crucial part of development for 23 years. In digital transformation, digital data is increasingly recognised as having a clearer and more important role. This is reflected in the fact that we have chosen 2023 as the year of national digital data, promoting digital transformation in all industries, at all levels, and among all-people on a national scale.
