NEW POLICY ON TIGHTENING USE OF SHORT-TERM CAPITAL FOR LONG-TERM LOANS TAKES EFFECT
As stipulated in Circular 08/2020/TT-NHNN, both Vietnamese banks and foreign bank branches in Việt Nam are required to reduce the maximum ratio of short-term capital for medium and long-term loans to 30 per cent as of October 1, 2023.
PROMISING OUTCOMES FOR 2023’S FDI
On September 22, three months after the signing of a comprehensive business agreement in Seoul city of South Korea on eco-friendly, high-tech material between SKC Group and Haiphong People’s Committee, the group’s representatives were present in the northern port city to receive an investment registration certificate for $500 million.
LOGISTICS SUMMIT 2023 WILL OPEN ON OCTOBER 5
Facing the trend of more large-scale manufacturers in the world planning to move production facilities to Southeast Asian countries, the demand for logistics services and warehouse facilities, in particular, is forecasted to have strong growth steps.
INFOGRAPHIC SOCIAL-ECONOMIC SITUATION IN SEPTEMBER OF 2023
The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.
PUBLIC INVESTMENT DISBURSEMENT EXCEEDS 50% IN JANUARY-SEPTEMBER
Disbursement of public investment capital reached VND363.3 trillion (US$15.3 billion) in the first three quarters this year, accounting for 51.38 percent of the whole-year volume, Deputy Minister of Planning and Investment Tran Quoc Phuong told reporters on Thursday.
TRADE SURPLUS NEARS US$20 BLN IN JAN-AUG
Vietnam’s total import and export value reached US$436.44 billion in the reporting period, a decrease of US$64.21 billion in value from the same period in 2022. The export value of fruits and vegetables rose 61.8% year on year to US$3.55 billion, including US$464.47 million in August, up 14.8% from the previous month.
GDP GROWTH ROSE IN FIRST NINE MONTHS OF 2023
GDP in the third quarter is estimated to have increased by 5.33 per cent on-year, the lowest growth seen since before 2011, apart from the pandemic years of 2020 and 2021. However, this is seen as positive when compared to the growth of 2023's previous quarters, 3.28 per cent in the first, and 4.05 per cent in the second.
LOGISTICS INVESTORS HEAT UP THE MARKET
Frasers Property Vietnam currently owns more than one million square metres of factories and warehouses in key industrial areas in both the south and north and is accelerating investment in new projects.
