INTELLASIA FINANCE & BUSINESS NEWS - OCTOBER 18, 2022
1. Interest rates increase gradually towards the end of the year
2. Corporate bond market likely to recover in H2/2023
3. Vietnam shines amid global economic volatilities
4. FDI inflow from Korea helps VN move up global value chain ladder
5. Businesses need to adapt to digital era
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VIETNAM TENDERS DAILY- OCTOBER 18, 2022
1. Tole , box iron supply
2. Technology equipment supply
3. Sowing machine supply
4. Technology equipment supply
5. Reid joint cooling materials supply
----and more news
VIET NAM SHINES AMID GLOBAL ECONOMIC VOLATILITIES
Despite global volatilities, Việt Nam’s economy has rebounded strongly this year beyond the forecasts of many international organisations, making the country one of the rare bright spots in the global gloomy picture and has the potential to become a new ‘tiger’ in Asia.
NORTHERN PROVINCES MAKE EFFORTS TO LURE KOREAN INVESTORS
In order to strengthen connectivity, promote friendly cooperation activities, and attract investment between Hà Nam and Korean localities and businesses, last month the province coordinated with the Vietnamese Embassy in South Korea and Korea Chamber of Commerce and Industry (KCCI) to organise an investment promotion conference on boosting trade promotion. The event drew about 100 firms from the RoK.
BRIGHT PROSPECTS EXPECTED FOR VIETNAM-US TRADE TIES: OFFICIAL
Hung noted that amid COVID-19 impacts and the interruption of global supply chains, trade between Vietnam and the US has still grown. In the first nine months of this year, two-way trade rose 20 percent year on year to 96.2 billion USD, including 85.1 billion USD worth of Vietnam’s exports, accounting for 30 percent of the Southeast Asian country's total export revenue in the period.
FDI INFLOW FROM ROK HELPS VIETNAM MOVE UP GLOBAL VALUE CHAIN LADDER
The strong foreign direct investment (FDI) inflow from the Republic of Korea (RoK) has been giving a significant push to Vietnam in the battle to move up the global value chain ladder and promote sustainable development.
RESOLUTION 128/NQ-CP – PRODUCTIVE INSTRUMENT TO LEVERAGE ECONOMIC GROWTH
Resolution 128/NQ-CP on safe, flexible adaptation to and effective control of the COVID-19 pandemic, issued at the right time and placed on a reasonable roadmap, is the boldest and most productive decision of the Government.
STANDARD CHARTERED RAISES VIETNAM’S 2022 GDP GROWTH FORECAST TO 7.5%
Standard Chartered Bank has raised its Vietnam GDP growth forecast for 2022 to 7.5% from the previous 6.7% and for 2023 to 7.2% from 7.0% to reflect robust Q3 growth of 13.7% y/y. Q4 2022 growth is anticipated at 4.0%.
