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INTELLASIA FINANCE & BUSINESS NEWS - DECEMBER 06, 2022
FINANCE
Reference exchange rate remains unchanged on December 6
Central bank revises up credit growth limit Gold prices rise
Banks cut lending rates
Vietnam firms cut foreign currency loans
Restructuring to boost M&A in banking industry
New reforms needed for full digitisation
Banking stocks rally, liquidity skyrockets
Undervalued banks winning bet for investors
VBSP gains from cooperation with Japanese partners
Opening Sacombank accounts with preferred numbers on VNPT Money app
Shinhan Life Vietnam supports children at Hanoi SOS Children's Village
Eximbank profits triple in Q3 Slower consumption and prospect of growth in 2023
Extra sugar import tariff quota allocated via auction
Vietnam, New Zealand eye 2 billion USD in bilateral trade
Second home tax proposal stirs debate
HCM City: New foreign investment tops 3.5 billion USD Bac Ninh attracts over 2 billion USD in FDI
American investors eyeing Vietnam's logistics sector
Vietnam needs to carry out green logistics solutions: expert
Vietnam's Rail Network: Slow Train Headed for Fast-Track?
Agriculture depends greatly on imported raw materials
BUSINESSBIZ NEWS
Market extends rallies, VN Index inches close to 1,100 points
Banks drive VN Index up
Vinamilk to pay 14pct cash dividend
Petrolimex to divest ownership in BMF
President meets Korean business leaders, pledging favourable
conditions for investors
2022 Asean Postal Business Meeting to be held in Binh Dinh
Vietnam, Venezuela boast potential for fishery cooperation: Ambassador
Hanoi to host Expo-Russia Vietnam 2022
Vietnamese businesses trained in EVFTA's Rules of Origin
Hanoi's lawmakers to begin discussions on socio-economic issues on December 7 Vietnam is well-positioned for GH2 production
Vietnam auto production
ranks 4th in Southeast Asia
MoIT announces 218 firms as prestigious exporters
Listed companies lean into ESG conventions
Export prices of Vietnamese rice world's highest
China purchases more Vietnamese fruit for lunar new year holiday
Confederation of commerce, industry against proposal to restrict low-quality rice imports
PM calls for reducing 'high' renewable energy prices
End of the year job loss-a hard nut to crack
Using football to open doors in the business community
Multiple violations detected in tourism projects
GeneStory wins start-up contest VietChallenge 2022
Masan High-Tech Materials again named a top sustainable enterprise
Ministry considering EVN's proposal for electricity price hikes
Social media mainstays face robust ad penalties
Dat Bike's vision to electrify the region
Hanoi's startup wins VietChallenge Season 2022 contest
BSR sells the first 35,000 m3 of defence fuel
How Keppel Land enriches lives and uplifts the community
VinFast opens first two stores in Germany, France
C.P. Vietnam named top sustainable group for third time
'Experience Central Meaningfully' with Huda's freshwater ambassador challenge
Frasers Property Vietnam marks 2050 in zero-carbon calendar
DKSH tapping into healthtech with PSPhere for sustainable care
Please click here for details: Finance Vietnam News - December 06, 2022
Related News
MEMBER CORNER / PROMOTIONS
KNIC ENGAGES WITH GOVERNMENT AND HIGH-TECH BUSINESS COMMUNITIES IN CHINA
From Beijing to Shandong, KN Holdings and KN Industrial City are continuing to expand their engagement with government authorities, trade promotion organizations, and high-tech business communities in China. In Beijing, the delegation met with the Center for International Economic and Technological Cooperation under the Ministry of Industry and Information Technology (MIIT), exchanging perspectives on industrial and technology cooperation between the two markets.
VIETNAM ECONOMY INVESTMENT
VIETNAM’S TRADE TOPS $825 BILLION BY MID-SEPTEMBER
Figures released on September 21 showed goods trade reached nearly $55 billion in the first 15 days of September alone, bringing cumulative turnover since the beginning of the year to more than $825 billion. The strong growth reflects robust trade flows, with demand for consumer goods and production inputs remaining high.
TECHNOLOGY
VIỆT NAM'S BUSINESSES MOVE TOWARDS AI AGENTS
Việt Nam’s AI landscape is entering a new phase as businesses move beyond generative AI (GenAI) tools designed to assist human users towards autonomous AI, agentic AI and AI agents that can take action with limited supervision, experts have said. The shift comes as Việt Nam seeks to accelerate science and technology, innovation and digital transformation under Politburo Resolution 57-NQ/TW, issued on December 22, 2024.
GARMENT / TEXTILE
VIỆT NAM TARGETS $48 BILLION IN TEXTILE-GARMENT EXPORTS
Việt Nam’s textile and garment industry is facing both opportunities and challenges amid complex and unpredictable developments in the global market, prompting businesses to improve growth quality, optimise production costs and enhance adaptability in pursuit of an export turnover of about $48 billion this year. The target is considered an important milestone that requires concerted efforts from management agencies and the business community.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
CUTTING LOGISTICS COSTS KEY TO BOOSTING EXPORTS
Reducing costs has become an increasingly urgent priority for import-export activities, particularly logistics costs, a conference in Hà Nội was told on Tuesday. According to Deputy General Director of the Ministry of Industry and Trade's Agency for Foreign Trade, Trần Thanh Hải, import-export activities has remained a bright spot for the economy in recent years, playing an important role and helping drive macroeconomic growth.
LEGAL UPDATE / POLICY
FLEXIBLE FISCAL POLICY HELPS DRIVE ECONOMIC GROWTH
Việt Nam’s fiscal policy has been implemented in a targeted expansionary manner since early 2026, helping maintain macroeconomic stability and supporting the country’s goal of achieving double-digit economic growth. According to the Ministry of Finance, State budget revenue in the first eight months of 2026 was estimated at VNĐ2.02 quadrillion (US$77.7 billion), equivalent to 80 per cent of the annual estimate and up 16 per cent year-on-year.
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