Việt Nam News

Foreign capital also flew back to the market

The Hồ Chí Minh City Development Joint Stock Commercial Bank (HDBank) targets a 29 per cent growth in profit before tax to VNĐ13.2 trillion (US$562.8 million) this year and continues with its “high and sustainable growth” plan.

Sky Care travel insurance is a special insurance programme designed exclusively for passengers on direct flights from Việt Nam to Australia and vice versa, Vietjet said. 

By 2030, Ninh Bình aims to develop effectively, inclusively and sustainably. The industry is expected to be the driving force for growth. At the same time, tourism will become a spearhead economy, creating a driving force to promote the development of other industries and fields.

The General Department of Customs said that the total import and export turnover with China across the northern border reached nearly US$9.3 billion in the first quarter of this year, up nearly three times over the same period last year.

The growth of the number of new projects was much higher than that of investment capital, which demonstrated that small and medium-sized foreign investors continued to believe in the country's investment environment, the FIA has said. 

The Prime Minister said economic development had experienced some setbacks, with a recorded growth lower than last year. To adapt and, more importantly, to move the economy in the right direction, additional support for businesses and citizens must be a top priority.

Saigon Thương Tín Commercial Joint Stock Bank (Sacombank) also targets an increase of 11 per cent in total assets and deposits.

Outflows of foreign capital also increased pressure on the market.

Some 70 local and international exhibitors are introducing the latest products and services at the fourth international exhibition for the fertiliser and pesticide industry (AgroChemEx Việt Nam 2023) held in HCM City from April 25 to 26.

Việt Nam remains a key life insurance market in Asia, the Insurance Association of Việt Nam told a meeting in HCM City on Monday.

HCM City received more than US$2.1 billion in remittances in the first quarter of the year, a surge of 19 per cent year-on-year, according to the State Bank of Việt Nam.

When asked to rank the issues most pressing to their organisations, many CxOs rated climate change as a “top-three issue,” ahead of seven others, including innovation, competition for talent, and supply chain challenges. Only economic outlook ranked slightly higher.

FPT corporation – Việt Nam’s leading technology corporation reports today it recorded revenue of VNĐ11.6 trillion (US$486 million) making a profit before tax of VNĐ2.12 trillion in the first quarter 2023

In Việt Nam, franchising is becoming popular in business, especially in popular products such as lemon tea, milk tea.

As fintech is growing at a breakneck pace in the country, laws are playing catchup with the technology. The regulatory gaps put investors at risk and expose the need for legal revision to mitigate the risks.

According to Vinacas, Việt Nam needs to negotiate soon and sign bilateral trade agreements with African countries. That will have import and export tax exemptions for each other's goods, including raw cashew nuts exported from Africa to Việt Nam.

The new policy is aimed to support clients struggling in production and business.