Business News

The demand for industrial land for rent in Vietnam will remain high this year thanks to policies promoting investment in the country, experts said. Due to short supply, rental prices for industrial land are expected to continue to rise by an average of 8-20% year-on-year in 2023, depending on the region, according to a report by the SSI Securities Corporation.

Minister of Industry and Trade Nguyen Hong Dien has also handed over a decision approving the investment policy for a project to build a combined gas turbine thermal power plant using liquefied natural gas, with a total investment of $2.1 billion in the south-central province of Ninh Thuan.

The real estate sector ranked second in the list of industries attracting FDI in 2022, with more than US$4.45 billion, accounting for 16.1% of total registered investment capital. According to the Foreign Investment Agency, Ministry of Planning and Investment, in the past year, foreign investors poured funds into 19 industries out of a total of 21 national economic sectors.

1. High interest rates compound business woes
2. Banks hold nearly USD8 billion of corporate bonds
3. Vietnam urged to ensure exports to Asian, African markets in 2023
4. Foreign investors continue to make significant investments in Vietnam
5. VARS hopes constraints on real estate will be lifted
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1. Electric engine fire pump supply
2. Air cushion transport vehicle supply
3. Wellhead assembly supply
4. Materials, mechanical equipment supply
5. Girders and accessories supply
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1. Banks suffered big losses from securities trading in 2022
2. HCM City gets ready for new foreign investment wave
3. Vietnam to have 30 airports by 2030: draft planning
4. Social insurance evading enterprises may have bank accounts frozen
5. Real estate enterprises continue to face headwinds in 2023
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“The prime target is to remove enterprises’ difficulties and boost both supply and demand, helping them to improve productivity and operational effectiveness, then helping ameliorate the economy’s competitiveness. This will also help us to reach the desired growth goal of at least 6.5 per cent this year,” PM Chinh said.

Vietnam has a population of nearly 100 million, ranking 15th in the world, but the size of its digital market stood at only the 25th position among the 39 countries surveyed in 2022 by Financial Time and Omdia.