Việt Nam News

The Ministry of Finance (MoF) said tax support policies and land-use fee reductions for businesses should be continued throughout 2023 despite shortfalls in state budget collection.

Việt Nam’s four biggest State-owned banks have an urgent need for capital increase in 2023 as their charter capital is too low, with some unable to ensure the regulated minimum capital adequacy ratio (CAR), according to industry insiders

The market's uptrend in the near future may slow down and the risk of correction is increasing, brokerage said.

Despite the COVID-19 pandemic’s major impacts on the global economy over the last two years and growing inflation in many countries, remittance flows into Việt Nam remained relatively stable compared to previous years, the report noted.

Many supermarkets in HCM City such as Co.opmart, Co.opXtra, Co.op Food, Go!, Big C, Tops Market, and AEON opened from January 23, the second of the new year.

Jewellery companies have stocked a wide range of gold items to meet the usual surge in demand on the God of Wealth Day, which this year falls on January 31.

Phú Nhuận Jewelry Joint Stock Company (PNJ) achieved impressive results last year, with net revenues and profits surging by 73.3 per cent and 75.6 per cent from 2021 to nearly VNĐ33.9 trillion (US$1.4 billion) and VNĐ1.8 trillion ($76.7 million).

Among a series of measures set to boost the growth of the group in 2023 is forming cooperative units and farms with links to enterprises for production, processing and sale.

The Vietnamese booths, featuring interior and exterior wooden and home décor products, handicrafts, hotel furniture, and lighting equipment, attracted many UK wholesalers and retailers, as well as visitors.

Wind farms incur a cost of 7.0 cents for each kWh of electricity generated, whereas the ceiling prices for wind energy are set at VNĐ1,587.12 (6.8 cents) per kWh.

Although 2023 is forecast to see many difficulties, experts expect it will be a recovery year for the retail sector after the COVID-19 pandemic as there are many signs showing the return of investors and higher demand.

Domestic manufacturers have paid much attention to enhancing localisation rate by investing more in supporting industries. Auto supporting industry is not apart from that process, as localisation rate has gradually help reduce import of components.

According to estimation, as of the end of 2022, outstanding loan balance of securities firms was VNĐ120 trillion (US$5 billion), a decline of VNĐ40 trillion over the previous quarter.

Data from App Annie 2020 shows that Việt Nam ranks seventh in the world, and second in Southeast Asia, in the number of game downloads.

The import-export turnover of goods in the first ten months of 2022 reached US$616 billion, up 14 per cent over the same period in 2021. The export value was $312 billion, up 15.9 per cent year-on-year.

Shares gained on Friday as strong buying forces brought an upswing on blue chips, lifting indices.

Despite the challenges of high inflation, seafood businesses will benefit from some positive factors in 2023, according to experts. 

VNR reported a total revenue of more than VNĐ7.7 trillion last year, 15.8 per cent higher than the plan and 14 per cent higher than the same period last year, with the accumulated loss reduced by 407 billion to VNĐ130 billion. The proportion of freight transport increased to 55 per cent from 35 per cent.