Việt Nam News

Total loans outstanding at credit institutions in HCM City were worth nearly VNĐ3.36 quadrillion (US$137.7 billion) as of September 30, a 0.72 per cent increase from the previous month, according to the State Bank of Vietnam.

In Q3, around 6,000 deals were reached across the country, one and a half times higher than in Q2 and two times higher than in Q1, indicating a fast recovery in the sector.

The market shares of Vietnamese goods in the UK market remained modest, accounting for just 1 per cent of the UK’s $700 billion import demand a year.

The tax cut has been praised by economists and the business community as one of the more practical and most efficient support policies by the government for economic recovery post-COVID-19.

Algeria is an important partner of Việt Nam in the African market, and its fourth largest export market in Africa.

The export value of Vietnamese businesses selling with Amazon increased by 50 per cent, enlarging the contribution to the country’s export economy.

"We are focused on building and developing our product portfolio, distribution channels, and operating model. These are the steps we will take to create differentiation in the Vietnamese market," shared Mr. Bae Seung Jun, General Director of Shinhan Life Vietnam, in an interview with Việt Nam News.

According to the ministry’s Bulletin No.16 on Public Debt of Vietnam for the 2018-22 period, to date, all targets set by the National Assembly in public debt repayment for the 2021-25 period have been completed.

Key agricultural export items in the province include coffee, rubber, cassava slices, black pepper, and fruits, which have reached nearly 40 countries. Some products have met the quality requirements for demanding markets such as the US, Japan and EU member countries.

With an ambitious goal of producing 50,000 semiconductor engineers by 2030, Việt Nam is poised to supply talent to both domestic and international enterprises.

However, the market received some support from the return of foreign capital as foreign investors net bought a total of more than VNĐ110 billion on the two main bourses.

Companies, especially property developers, are engaging in negotiations with bondholders to extend bond redemption dates amid a sluggish property market and reduced cash flows.

To ensure the supply of goods and stabilisation of the domestic market by the end of 2023 and Lunar New Year 2024, the Ministry of Industry and Trade (MoIT) will coordinate with large distributors to regulate the supply of goods and support the consumption of agricultural products, according to Lê Việt Nga, MoIT’s deputy director of the Domestic Market Department.

Over the past time, cooperation and connection between Việt Nam and China in general, and connection within the BRI framework in particular, have achieved some remarkable results, but some shortcomings need to be addressed.

In the third quarter of 2023, a notable variance is anticipated in the profits of commercial banks, with some continuing to experience double-digit growth, while others see a sharp downturn.

Foreign investment and investors have been and will continue to play a crucial role in Việt Nam's socio-economic development, heard participants at a conference held yesterday in Hà Nội to discuss ways to encourage growth, implement fair treatment, stimulate innovation and enhance the efficiency of investment cooperation. 

When cooperatives let go of their trademarks, they lose control over a crucial aspect of their image and put themselves at the mercy of distributors.

Also weighed on the market, foreign investors net sold a large amount on both main exchanges.