REVIEW OF VIETNAM’S ECONOMY 2022: GLOBAL & LOCAL HEADWINDS HAVE JUST BEGUN
2022 was filled with geo-political turmoil which reversed the anticipated post-COVID recovery momentum across the globe. While an array of drastic measures have been taken by the Vietnamese government, the local economy is still predicted to suffer disturbances over the coming year, according to a report by Dream Incubator that was released this month.
INTELLASIA FINANCE & BUSINESS NEWS - JANUARY 31, 2023
1. Many banks lower savings interest rates after Tet holiday
2. Vietnam's economy shows signs of revival
3. Retail sales of goods, services up 20pct in January
4. Industry Ministry says to safeguard local firms amid import spike
5. Sharp rise in apartment prices in Hanoi: VARS
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KEY MISSIONS, SOLUTIONS TO SOCIO-ECONOMIC DEVELOPMENT IN 2023
The Government has recently issued Resolution No. 01/NQ-CP on key missions and solutions to developing the socio-economy, improving the business climate, and enhancing national competitive capacity in 2023.
FDI INFLOWS TO VIETNAM REACH ALMOST $1.7 BILLION IN JANUARY
According to the General Statistics Office (GSO), Vietnam lured $1.69 billion in foreign direct investment (FDI) as of January 20 this year, a year-on-year decrease of 19.8 per cent.
VIETNAM’S CPI UP IN JANUARY
Vietnam’s Consumer Price Index (CPI) in January edged up 0.52% month-on-month, according to the General Statistics Office. The index in January this year rose by 4.89% year-on-year, the highest growth rate in January in five years, the local media reported.
NEW FDI APPROVALS DOWN IN JAN
New foreign direct investment (FDI) approvals had totaled US$1.69 billion in the year till January 20, down 19.8% over the same period last year, according to the General Statistics Office. There were 153 new projects with total registered capital of US$1.2 billion approved, increasing 48.5% and 3.1-fold over the same period last year, respectively.
THE KEYS TO ECONOMIC MOMENTUM - “RAPID ADAPTATION THE KEY TO SURVIVAL”
After a slowdown in trade and investment relations between Hong Kong and Vietnam, ties are on the mend and showing signs of promise. From the Hong Kong perspective, Vietnam is already a major trading partner, one of Hong Kong’s top 10 largest trading partners for many years, and it ranked eighth in 2021 and the first nine months of 2022.
INTELLASIA FINANCE & BUSINESS NEWS - JANUARY 30, 2023
1. PM urges banks to help struggling realty market out
2. Banks' recruitment market heats up at the beginning of 2023
3. Vietnam imports 6,300 autos in first half of January
4. Hanoi makes people and businesses the centre of digitalisation
5. Local game developers eye great opportunities at home
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