Business News

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.

The disbursement of public investment from the State budget in the first five months of this year was estimated to reach VNĐ190.6 trillion (US$7.44 billion), equal to 26.6 per cent of the yearly target and 5 per cent higher than the same period last year, according to the General Statistics Office (GSO).

The State Capital Investment and Trading Corporation (SCIC) recently unveiled its second-phase divestment list for 2024, which includes prominent businesses like FPT Corporation, Becamex IDC and Tiền Phong Plastic. The announcement generated excitement in the market.

Liquidity on the HoSE for the week reached VNĐ109.5 trillion, a significant drop of 20.8 per cent compared to the previous week, remaining above average. This indicates a strong market divergence and balance after a sharp decline over the previous week. Many stocks and group stocks, have been rotating in and out of recovery, with demand increasing at the support level of 1,250 points and improving notably in medium and small-cap stocks.

Vietnam is projected to improve its trade and investment flows as global demands increase, with a green trend on the rise in supply chains. At last week’s Asia-Pacific Dialogue event organised by the Association of Chartered Certified Accountants (ACCA) in Hanoi, Vietnam was said to boast great potential in addition to a production and business climate fuelled by rising global demand. 

In its National Strategy on Climate Change, Vietnam has set targets for emissions reduction. The country aims to cut greenhouse gas emissions by 43.5% by 2030, with practical and effective support from the international community. Additionally, Vietnam has established sector-specific emissions targets for both 2030 and 2050, along with qualitative proposals to achieve these goals.

The State Bank of Viet Nam (SBV) asked all credit institutions including foreign bank branches to reduce lending annual interest rate by 1-2 percent in a bid to facilitate credit access and spur growth. The central bank called on credit institutions to channel capital into traditional growth drivers, emerging industries, green transformation, circular economy, and social housing.

The European Union sees Việt Nam as one of its key partners within ASEAN and is working with the Vietnamese Government on a green strategy called Global Gateway, said Myriam Ferran, Deputy Director General at the European Commission Directorate General for International Partnerships.