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VIETNAM ECONOMY INVESTMENT

VIETNAMESE GDP SIZE HITS OVER US$430 BILLION IN 2023

The GDP scale of Southeast Asia reached US$3.86 trillion, of which Indonesia took the lead in the region with an estimated GDP of about US$1.42 trillion; followed by Thailand with US$512.19 billion, Singapore with US$497.35 billion and the Philippines with US$435.68 billion.

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MEMBER CORNER / PROMOTIONS

TAKE A GLIMPSE INSIDE ITALIAN CUSINE AT OTTIMO HOUSE TRATTORIA

Ho Chi Minh City, February 28, 2024 - The season of love dedicated to women has returned to the LOTTE HOTEL SAIGON, offering ladies impressive and sophisticated experiences. A highlight not to be missed at The Canvas seafood buffet restaurant is the masterpiece Lobster Ravioli. Visit Ottimo House to enjoy premium Italian cuisine prepared with Australian Wagyu beef. On Mondays and Tuesdays, Yoshino Japanese Cuisine Restaurant offers a 20% discount on sashimi. Discover the classy space and enjoy the new drinks available at Legend Lounge, including "Cherry Blossom Latte" and "Strawberry Afternoon Tea.". To end your self-love journey, Legend Healing Spa will be offering 20% off two special treatments.

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BANKING / FINANCE / INSURANCE / TAX

TAX SECTOR TO TIGHTEN MANAGEMENT FOR E-COMMERCE ACTIVITIES

The rapid development of e-commerce in recent times has posed significant challenges to the tax management in Việt Nam. The tax sector is coordinating with relevant ministries and branches to seek suitable solutions to development requirements and practices serving tax management and preventing tax loss.

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VIETNAM ECONOMY INVESTMENT

VIETNAM’S FDI INFLOW SURGES 38.6% IN TWO MONTHS

Total newly-registered foreign investment capital, adjusted and contributed capital to buy shares and buy contributed capital of foreign investors totalled 4.29 billion USD as of February 20, up by 38.6% compared to the same period in 2023. The disbursement of FDI capital is projected at some 2.8 billion USD, reflecting a 9.8% increase against the same period last year.

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VIETNAM MONTHLY STATISTICAL DATA

INFOGRAPHIC SOCIAL-ECONOMIC SITUATION IN FEBRUARY AND FIRST 2 MONTHS OF 2024

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.

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BANKING / FINANCE / INSURANCE / TAX

SIGNIFICANT PRESSURE ON CORPORATE BONDS MATURING IN 2024

According to the latest data compiled by the Việt Nam Bond Market Association (VBMA), the Hà Nội Stock Exchange (HNX) and the State Securities Commission, as of the information release date of February 23, 2024, the total value of corporate bonds due in the remaining part of this year is VNĐ258.2 trillion (US$10.5 million). 

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VIETNAM ECONOMY INVESTMENT

OUTWARD INVESTMENT VALUES US$25 MILLION IN JAN-FEB

Vietnamese enterprises invested over US$25 million in 17 new projects aboard in the first two months of 2024, equal to 21.7 percent of the capital registered in the same period last year, the Foreign Investment Agency reported.

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BANKING / FINANCE / INSURANCE / TAX

BRIGHT PROSPECTS FOR VIETNAMESE BANKING STOCKS

Banking stocks have demonstrated superior performance over the past three months. Notably, numerous large-cap tickers have made substantial gains in the year leading up to February 24, with CTG (+36.7%), MBB (+37%), and TCB (+41.6%) leading the charge.


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