INTELLASIA FINANCE & BUSINESS NEWS - JUNE 7, 2023
1. More Vietnamese consumers go cashless: study
2. Pressure of bond maturity increases in H2/2023
3. Drought insurance for Vietnamese farmers launched
4. CB to be transferred to Vietcombank by end-2023
5. Localities double-down on pleas for business support
----and more news
MAY CPI INCHES UP 0.01%
The May consumer price index (CPI) rose 0.01% compared to April, primarily due to increases in the price of food, electricity, and water, according to the General Statistics Office.
VIETNAM POSTS TRADE SURPLUS OF 9.8 BILLION USD
Vietnam has posted a trade surplus of 9.8 billion USD in the first five months of the year, with export revenue standing at over 136 billion USD and import revenue at more than 126 billion USD, according to the General Statistics Office.
VIETNAM’S EXPORTS GROW 4.3% IN MAY
Vietnam’s exports in May continued to improve, with a 4.3% increase versus April to US$29 billion, according to an official at the Ministry of Industry and Trade. During the first five months of the year, exports generated US$136.2 billion. Manufactured products accounted for over 88% of the total value, with electronics regaining momentum.
INDUSTRIAL PRODUCTION CONTINUES RECOVERY BUT DIFFICULTIES REMAIN
The Index of Industrial Production (IIP) in May continued to recover, but enterprises are still facing difficulties due to the impact of increasing input production costs, according to the General Statistics Office (GSO).
VIETNAM'S STOCK MARKET FACES CHALLENGES, BUT POSITIVE LIQUIDITY OUTLOOK REVEALED
Firstly, the SSC and its parent ministry, the Ministry of Finance (MoF), will continue to improve the legal and institutional framework. This includes reviewing existing regulations under the Securities Law and providing clear guidelines to address any shortcomings.
70,000 GARMENT AND TEXTILES JOB CUTS SINCE JANUARY
According to a report of the Ministry of Labour, Invalids and Social Affairs (MoLISA) released on June 5, workers in the garment and textile sector suffered the most from a series of job cuts in the first five months of this year, with 70,000 workers losing their jobs and 66,600 having their working hours reduced.
DATA-INFORMED DIGITAL STRATEGIES: LESSONS FROM GLOBAL TECH GIANTS
The workshop "Data-informed digital strategies: Lessons from global tech giants", jointly organized by @The University of Hong Kong in Vietnam, @HKU Business School, @IBP and the media partner @CIO Vietnam on June 22, will help Business Executives, #DigitalStrategy Heads and interested individuals make the most of the power of social media to 'gain a head start by taking a shortcut' in consumer trends amidst a volatile digital era.
