Việt Nam News

The Vietnamese Government always considered public investment disbursement to be among key solutions to achieve the economic growth target in the short term and to develop a modern and synchronous infrastructure system to improve the competitiveness of the economy and attract investments in sustainable development.

As of the late September, about VNĐ49.6 trillion in taxes were exempted and reduced while around VNĐ102.9 trillion had their payment deadlines extended.

After logging another losing week, the Vietnamese stock market is expected to receive support from the low interest rate environment and the third quarter business results in the next few weeks, said experts.

Savings interest rates at commercial banks continue to slide with rates for 12-month certificate of deposits at major banks plummeting to below 5.5 per cent per year, which is lower than during the pandemic period.

As of September 29, the total credit for the entire economy reached nearly VNĐ12.7 quadrillion (US$531.2 billion), marking a 6.92 per cent increase since early this year.

In the nine-month period, Việt Nam exported about 6.61 million tonnes of rice, equivalent to US$3.66 billion, an increase of 23.1 per cent in volume and 40.4 per cent in value compared to the same period last year, said Nguyễn Văn Việt, director of the ministry's Planning Department.

By late 2022, about 29.4 million carbon credits have been created in the country under CDM and 10 million under GS and VCS.

By August 2023, the number of OCOP products has reached 8,478, of which 65.4 per cent were awarded three stars, 33.4 per cent four stars, and 0.2 per cent five stars.

Last year, the trade turnover among the UK and the five centrally-run cities reached over $2.63 million.

The ASEAN+3 Macroeconomic Research Office (AMRO) has just revised growth forecast for Việt Nam’s economy in 2023 to 4.7 per cent from the previous 4.4 per cent.

Ending December, 2022, a total of 30 Vietnamese state-owned enterprises, including companies with state capital, invested more than US$6.6 billion in foreign ventures.

The provincial authorities hoped that the Japanese investors will show interest in local industrial parks, industrial clusters, sectors and projects in need of investment.

A top priority among Vietnamese businesses is to diversify their supply sources, as shown in a recent survey by Vietnam Report, a market research company in Việt Nam.

The entry of Chinese automakers into the Vietnamese auto market presents both opportunities and challenges for consumers and competitors in Viet Nam, according to local car experts.

The accumulated net withdrawal value through bill issuance as of October 3, 2023 reached nearly VNĐ111 trillion

Việt Nam, as an open economy with multiple Free Trade Agreements (FTAs) in place, is committed to fulfilling its obligations in the automobile import sector.

Sixteen free trade agreements (FTAs) have already been signed and three more due to be signed in the future, creating good opportunities for import and export businesses.

As of late May, the US launched 55 trade defence investigations against Việt Nam, which accounted for nearly 25 per cent of the total number of anti-dumping investigations against Vietnamese exports.