VIET NAM REPORTS RECORD BUSINESS REGISTRATION GROWTH IN FIRST EIGHT MONTHS
New business registration reached a record high of more than 103,000 firms in the first eight months of 2023, according to the Ministry of Planning and Investment (MoPI). The above figure includes more than 14,000 firms established in August, representing a year-on-year increase of 17.9 percent and a month-on-month growth of 14.05 percent.
INFOGRAPHIC SOCIAL-ECONOMIC SITUATION IN AUGUST AND 8 MONTHS 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.
CAN THO TO ANNOUNCE 2021-2030 PLANNING, PROMOTE INVESTMENT
To be organised by the municipal People’s Committee, the event is expected to draw 400-600 domestic participants, including leaders of the Government, ministry, central agencies and of such localities as Hanoi, Ho Chi Minh City, Hai Phong, Da Nang, and those in the Mekong Delta region.
LOW CREDIT GROWTH, REDUCING PROFIT PUT PRESSURE ON BANK PROSPECTS IN 2023
The outlook for the banking industry this year will not be as bright as previous years due to low credit growth and reducing profit, experts forecast. In a recent report, VPBank Securities Company (VPBankS) forecast that pre-tax profits of the entire banking industry will slow in 2023 with a growth rate of about 10-12 per cent.
TAX AUTHORITIES TO CUT AT LEAST 20 PER CENT OF COMPLIANCE COSTS RELATED TO BUSINESS ACTIVITIES
The General Department of Taxation (GDT) has said that it guaranteed to reduce and simplify at least 20 per cent of regulations and cut at least 20 per cent of compliance costs related to business activities and eliminate unnecessary regulations by 2025.
DRAFT ON NEW GREEN POWER PRICING STRUCTURE EXPECTED IN NOVEMBER
The Ministry of Industry and Trade (MoIT) is currently gathering data for a draft, expected in November, on the best approach to building a new pricing structure for solar and wind power. According to the draft, the solar power price will be determined based on the intensity of sunlight in each region, with the northern price bracket remaining higher to stimulate investment.
[VBF HYBRID EVENT] INVITATION TO THE VIETNAM ECONOMIC OUTLOOK H2/2023 ON FRI, SEP 8, 2023
VBF, with support of BritCham, is pleased to organize the Economic Outlook H2/2023 Workshop aiming to share experts' perspectives on Vietnam's economic prospects in the second half of the year on Friday, September 8, 2023.
MORE ROOM FOR IT STOCKS TO GROW FURTHER
In the first half of the year, the revenue of digital technology enterprises was more than VNĐ1.44 quadrillion (US$59.6 billion), down 10.35 per cent year-on-year and reached 38.87 per cent of the 2023 plan, according to a report by the Ministry of Information and Communications.
