VIETNAM TENDERS DAILY- NOVEMBER 7, 2022
1. Fire-fighting and rescue ships supply
2. Underwater thrusters supply
3. Equipment supply and installation
4. Food processing machines supply
5. Equipment and materials supply
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INTELLASIA FINANCE & BUSINESS NEWS - NOVEMBER 7, 2022
1. Central bank pumps more money into system
2. Small and medium-scaled banks exhausted with profit targets
3. Vietnam's digital economy grows fast
4. Budget collection from import-export up 14.6pct
5. Output of assembled cars skyrockets, overwhelming imported cars
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FDI EXCEEDS 22.46 BILLION USD IN THE FIRST 10 MONTHS OF 2022
FDI exceeds 22.46 billion USD in the first 10 months of 2022
REAL ESTATE MARKET MUST BE DIGITALISED
Nguyễn Mạnh Hà, Deputy President of the Việt Nam Real Estate Association, said the digital transformation in the real estate market of Việt Nam was taking place slowly because not all market participants were fully aware of the importance of technology.
PESSIMISTIC OUTLOOK FOR MARITIME TRANSPORT FIRMS AMID WEAK DEMAND
Analyst Phạm Minh Quang, BIDV Securities, estimated that international freight rates would continue to drop by around 12 per cent towards Q1/2023, caused by high inventory levels and high inflation. Domestic freight rates would follow suit with a drop of about 5 per cent amid a slow recovery of vessel supply.
CYBERSECURITY LEGISLATION’S UPGRADE
The issuance of a new decree is deemed an important piece to complete the puzzle in terms of data protection in Vietnam. Dang The Duc and Thai Gia Han from Indochine Counsel point out the major highlights while also noting where some confusion or overlap may remain.
FOCUSING ON STRONGLY DEVELOPING INDUSTRIAL PARKS
Determined to promote investment attraction, especially in economic zones (EZs), industrial parks (IPs) as the driving force and lever for economic growth, in recent years, investment attraction activities, the development of EZs and IPs have always been paid special attention by Hai Phong city and obtained positive results. These have contributed to promoting production, creating jobs for laborers and generating budget revenue.
VIETNAM LABOR MARKET TOWARD INT’L STANDARDS
According to Dr. Bui Sy Loi, former Vice Chairman of the National Assembly's Social Affairs Committee, after more than 35 years of national renewal, the labor market in Vietnam has made remarkable progress in terms of scale, quality and structure, this is a significant step forward on the path of development, innovation and integration.
