SINGAPORE TO IMPORT 1.2GW OF LOW-CARBON ENERGY FROM VIETNAM
Singapore’s Energy Market Authority (EMA) on October 24 announced that it has given tentative approval for plans to import 1.2 gigawatts (GW) of primarily wind-generated electricity from Vietnam.
CATHAY PACIFIC EXCLUSIVE OCTOBER OFFERS TO HKBAV MEMBERS
Cathay Pacific is offering you an exclusive selection of October's best flight offers. We have good fares for Hong Kong, London, Amsterdam, and many other European cities. Please find the table below for more destinations:
DISCOVER YOSHINO LIMITED-EDITION JAPANESE CUISINE
Take a trip to a lush green garden in the heart of Saigon and enjoy seafood buffet or outdoor cocktail next to the “Urban Oasis”. The journey to open your senses in peaceful and relaxing environment will be even more poetic, promising to be an unforgettable vacation experience.
VIETNAM’S ECONOMIC PERFORMANCE IN THE FIRST 9 MONTHS OF 2023
Basic indicators of Vietnam’s economy in the first nine months of 2023: GDP increased by 4.24%, average CPI was 3.16%, foreign investment rose 7.7%, and the trade surplus was estimated at 21.68 billion USD.
VIET NAM STEPS UP IMPLEMENTATION OF LABOUR COMMITMENTS IN FREE-TRADE AGREEMENTS
Accordingly, recently, with the efforts of the Vietnamese Government and relevant parties, by the end of December 2022, Việt Nam had joined 25 Conventions of the International Labour Organization (ILO), including nine out of 10 Fundamental Conventions, three out of four Administrative Conventions and 13 Technical Conventions.
HIGH-QUALITY FOREIGN INVESTING TAKES SHAPE IN INDUSTRIAL AREAS
For 2023, Quang Ninh province is focused on improving investment attraction efficiency and people’s life quality. In particular, the goal of attracting foreign direct investment (FDI) capital into industrial zones (IZs) is set to reach at least $1 billion, with priorities in luring financiers from countries and territories such as Japan, South Korea, China, and the EU, among others, to ensure the socioeconomic development consistent with the province’s potential.
VIET NAM’S FOREIGN TRADE EXCEEDS US$500 BLN
In the first half of October, the nation earned US$14.2 billion from exporting, raising the total export value from the beginning of the year to October 15 to US$272.74 billion, a decrease of over US$24 billion in comparison with the same period last year.
INTEREST RATE CUTS SEEN EATING INTO BANKS’ PROFITS
The chief economist of the Bank for Investment and Development of Vietnam (BIDV), Can Van Luc, has predicted the banking system may earn lower profits in 2023 than in previous years due to falling interest rates, the Vietnam News Agency reported.
