CUT ON AUTOMOBILE REGISTRATION FEES TO FACILITATE AUTO INDUSTRY
Nguyễn Ngọc Thanh, Deputy Director of the Department of Industry under the Ministry of Industry and Trade, said that many reasons greatly affected the consumption of automotive products such as difficult access to bank capital, high interest rates, high exchange rates and inflation, leading to high inventory of auto products in recent years.
PM ORDERS ENHANCEMENT OF FOREIGN INVESTMENT ATTRACTION EFFICIENCY
Under the document, ministers and heads of minister-level agencies, Government agencies and chairmen of the People’s Committees of centrally-run cities and provinces must promptly implement tasks assigned on them earlier in luring foreign investment.
ECONOMIC PERFORMANCE IN FIRST FOUR MONTHS
Vietnam’s consumer price index (CPI) rose 3.84% year-on-year in the first four months of this year, primarily due to higher prices for education, housing and construction materials, culture, entertainment and tourism, food, and electricity.
EXPLORING NEW MARKETS EXPECTED TO FUEL FOREIGN TRADE
Việt Nam witnessed declines in both exports and imports in the first four months of 2023, and exploring new markets is now considered one of the solutions to foreign trade bottlenecks.
SUPPORT NEEDED TO SAVE ENTERPRISES FROM EXITING MARKET
Enterprises were in dire need of support to overcome difficult times which forced many of them to sell assets at a loss or leave the market. According to the General Statistics Office, about 77,000 enterprises exited the market in the January – April period, increasing by 25.1 per cent against the same period last year.
FDI FIRMS CONTINUE TO RECOVER AND SHIFT INTO HIGH-TECH INDUSTRIES
According to the report on Provincial Competitiveness Index 2022 (PCI 2022) released by the Vietnam Chamber of Commerce and Industry (VCCI), the majority of foreign-invested enterprises (FIEs) in Vietnam can be classified as small- and medium-sized enterprises in terms of capital, employment, and revenue.
BUDGET REVENUE NEARS US$28 BLN IN FOUR MONTHS
The State Budget collected VND645.4 trillion (US$28 billion) in the first four months of 2023, equal to 39.8% of the target and down 5% year on year, said the Ministry of Finance. The central budget revenue was estimated to fulfill 42.9% of the target and the local budget revenue was forecast to achieve 36.3%.
POTENTIAL DESTINATION AND INCREDIBLE OPPORTUNITY FOR INVESTORS
“Dak Nong province is opening up many incredible investment opportunities in various industries and fields and calling for qualified businesses with big projects, so as to create a remarkable transformation in the local socio-economy,” said Ms. Ton Thi Ngoc Hanh, Vice Chairwoman of Dak Nong Provincial People's Committee.
