HCMC’S JANUARY CPI RISES 2.76% Y-O-Y
HCMC’s consumer price index (CPI) edged up 2.76% year-on-year in January 2024, according to the city’s Statistics Office. This figure was lower than the national average of 3.37%. The country’s inflation target is at below 4% for this year.
NEW LAND LAW, NEW MOMENTUM FOR VIỆT NAM TO BECOME HIGH-INCOME COUNTRY
The amended Land Law which was passed at the 15th National Assembly’s fifth extraordinary session in mid-January is expected to provide a firm legal framework to enhance land management efficiency and create new momentum for Việt Nam to become a high-income country by 2045.
FDI 2024: OPPORTUNITY TO ATTRACT HIGH-QUALITY CAPITAL INFLOWS
Amid existing difficulties, foreign direct investment (FDI) attraction became a bright spot in the economic picture in 2023. In 2024, FDI flows are forecast by experts to continue landing on Vietnam, especially in semiconductor, high technology and high value-added products. To find out more, our reporter has an interview with Mr. Nguyen Chi Dung, Minister of Planning and Investment.
CORPORATE BOND MARKET STAYS QUIET AT THE BEGINNING OF 2024
No corporate bond issuances have been reported as of January 24, according to data from the Hà Nội Stock Exchange (HNX) and the State Securities Commission (SSC). However, there has been consistent activity in the repurchase of bonds before maturity, with companies buying back nearly VNĐ4.3 trillion (US$17.5 million) worth of bonds.
JAPANESE RETAIL BUSINESSES WANT TO EXPAND IN VIETNAM
“This rate decreased by 3.3 percentage points compared to the 2022 survey. Although expansion ambitions remain high, Vietnam is the only country among the six key Southeast Asian countries with a reduced expected expansion rate,” said Matsumoto.
CASHEW FIRMS PROPOSE TO EXPAND RAW MATERIAL AREAS
Though Việt Nam was the fourth largest cashew producer in the world, the country's cashew output only met about 12 per cent of the needs of processing enterprises, the association said, adding that the sector imported a record quantity of 2.9 million tonnes of raw cashew in 2023.
INFLATION CONTROL UNDER PRESSURE FROM ALL DIRECTIONS
The government’s key annual resolution on tasks to implement the country’s socioeconomic development plan and state budget estimates for the year has underlined the need for authorised agencies to closely follow the world’s economic situation in order to take proper action domestically to rein in inflation at 4-4.5 per cent, as set by the National Assembly (NA).
RETAIL AND CONSUMER INDUSTRY SET FOR STRONG RECOVERY IN 2024
Consumer activities and shopping are back in full swing, as indicated by the latest data from the Ministry of Industry and Trade. December 2023 witnessed vibrant service trade activities, driven by preparations for major year-end holidays and the arrival of the new year in 2024.
