JOINING FORCES FOR A MORE DEVELOPED AND MORE BEAUTIFUL HAI PHONG
Facing the East Sea with a coastline of over 125 km, Hai Phong is an important port city, an industrial and seaport center, as well as an economic, cultural, medical, educational, scientific, commercial and technological center in the Northern Coast of Vietnam.
VIETNAM’S FDI PROJECTED TO REAP UP TO 38 BLN USD IN 2023
According to the Foreign Investment Agency under the Ministry of Planning and Investment (MPI), Vietnam is likely to attract 36-38 billion USD in foreign direct investment (FDI) in 2023. The figure was nearly 22.4 billion USD in 2022.
FOREST EXPORTS TARGET $17.5 BILLION
Despite many difficulties, the export of wood and forest products still reached the target of US$16.9 billion last year. Continuing this momentum, the industry has set an export turnover target of $17.5 billion this year.
ENTERPRISES EXPECT STATE TO PROVIDE MORE SUPPORT TO REFORM BUSINESS ENVIRONMENT
Earlier this month, the Government issued key tasks and solutions to implement the Socio-Economic Development Plan and State budget estimate and improve the business environment and national competitiveness in 2023 under Resolution 01/2023/NQ-CP.
NEW FDI CHALLENGES FOR SOUTHEAST
Despite gloomy forecasts about global economic prospects, the southeast of the country continues to welcome an influx of foreign direct investment (FDI). Ho Chi Minh City and Binh Duong were the top two regions for attracting foreign investors, enticing $3.94 billion and $3.14 billion from overseas in 2022 respectively.
VIETNAM'S RETAIL MARKET TO RISE BY $163.5 BILLION OVER NEXT FIVE YEARS
The retail market in Vietnam is estimated to increase by $163.5 billion at a compound annual growth rate of 11.4 per cent between 2022 and 2027, according to a report by market research company Technavio.
REAL ESTATE AND CONSTRUCTION FIRMS TO BUY BACK OVER $710 MILLION IN BONDS
According to data from the Vietnam Bond Market Association (VBMA), the total value of corporate bonds reaching maturity from now until the end of this month approximates $760.8 million, mainly concentrated in the real estate and construction sectors.
HONG KONG FIRMS SEEK MORE COOPERATION OPPORTUNITIES IN VIETNAM
A business delegation of Hong Kong (China) will visit Hanoi and Ho Chi Minh City from January 8-14 to seek economic and investment cooperation opportunities between Vietnam and Hong Kong and Greater Bay Area in particular, and China in general.
