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INTELLASIA FINANCE & BUSINESS NEWS - OCTOBER 26, 2022
FINANCE
Reference exchange rate down 5 VND on October 26
Overseas remittances to HCM City reach $4.78 billion in nine months
Banks make big hikes to short-term deposit interest rates
SSI Research: Savings and lending interest rates may continue to increase
How Well Are Insurtechs Plugging Vietnam's Coverage Protecction Gaps
ABBANK profit plummets in Q3
Shinhan Bank partners with FinCorp to help customers invest more easily
Maritime Bank pre-tax profit rises 47pct in Q3
Liquidity less abundant, Techcombank's CASA declines
HSBC hikes Vietnam growth forecast to 7.6pct
Looking through weaknesses to attract EU capital flows: report
Vietnam wires into global electronics
Fertiliser exports set new record
Exports of Vietnam's key items slump in September
Philippines not to impose safeguarding duties on HDPE from Vietnam
Dhaka-Hanoi trade can cross $2bn if trade gap narrowed
Draft code allows third parties to collect, use consumer info
Minister presents draft amended Law on Electronic Transactions
Waterway transportation agreement benefits Vietnam, Cambodia
Authorities seek investors' ideas for renewable energy price framework
Thua Thien Hue: More Aggressive for More Substantial Improvement in Business Environment
VN economy recovers, businesses expand retail network
Budget housing still in short supply
Green office to become major trend: experts
HCM City property retail market to recover
Retail giants eye expansion as economy looks up
BUSINESSBIZ NEWS
Banks drive VN Index up
Market shakes strongly, VN Index recovers thanks to blue-chip stocks
SGT to sell 74 million shares to current shareholders
Switzerland eyes stronger economic cooperation with HCM City
36 Danish groups seek investment opportunities in Vietnam
Innovation challenge seeks solutions to help Vietnam achieve prosperity
Infrastructure, human resources development crucial for Vietnam: US official
Hanoi looks to enhance economic partnership with UAE
MPI and Meta launch Vietnam Innovation Challenge 2022
Craft fair promoting OCOP products to take place in November
Air passengers may use chip-based ID for fast check-in
17th East Asia Inter-Regional Tourism Forum opens in Quang Ninh
172 firms have products recognised as 2022 national brands
Deputy PM checks public investment disbursement at tourism ministry
Binh Phuoc's 34 infrastructure projects require VND16.6 trillion
Can Gio international container terminal planned to supplement Cai Mep-Thi Vai
Lam Dong to provide funding to start-ups owned by young people
Loc Troi receives credit to expand high-quality paddy production
Vietnam exports first batch of processed chicken to Japan
The 9 Stellars wins at Vietnam Property Awards 2022
Second board member of Danang Housing detained
First auction finds no takers, business magnate's Rolls-Royce gets cheaper
Housing business boosts livestock firm Dabaco's profits
Please click here for details: Finance Vietnam News - October 26, 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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