VIETNAM SETS SIGHTS ON HO CHI MINH CITY'S TRANSFORMATION INTO A GLOBAL FINANCIAL HUB BY 2030
Vietnam established a steering committee, led by Deputy Prime Minister Le Minh Khai, on October 6 to guide the development of a new international financial hub, underscoring its ambition to elevate its global financial stature.
VIET NAM AIMS TO ACHIEVE DUAL TARGET IN DIGITAL TRANSFORMATION: PM
The Government of Việt Nam is determined to develop a digital government, digital economy, digital society and form digital technology enterprises with global competitiveness. Prime Minister Phạm Minh Chính made this statement during a special event held in Hà Nội on Tuesday to mark the National Digital Transformation Day 2023 with the theme "Exploiting digital data to create values".
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.
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.
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.
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.
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.
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.
