Việt Nam News

The State Bank of Việt Nam (SBV) is collecting comments on its draft circular to deal with risks in the operation of cooperative credit institutions, including cooperative banks and People’s credit funds (PCF).

The 11-month export rose 11.8 per cent year-on-year to US$49.04 billion while imports increased 7 per cent to some $41.22 billion, resulting in a surplus of $7.82 billion, up 48 per cent year-on-year, MARD said. 

Pfizer Vietnam on Wednesday (November 30) received the Prime Minister’s Certificate of Merit for helping the country’s healthcare system combat COVID-19 last year.

The Vietnamese stock market settled lower on Thursday, ending its five-day gaining streak due to the slump of heavy-weight stocks.

Six new private sector partnerships have announced under the Australian Department of Foreign Affairs and Trade’s (DFAT’s) Business Partnerships Platform (BPP), will promote the growth of sustainable carbon markets that deliver significant social and environmental benefits to communities in Việt Nam.

A top HCM City official has warned about the challenges the city faces next year, and lowered its growth target for next year to 7.5-8 per cent. 

In the North Economic Zone (NEZ), Vĩnh Phúc Province is emerging as an attractive investment destination with a good infrastructure system and methodical development, according to Savills Việt Nam.

Vietnamese commodities have made up 90 per cent of the goods sold in retail outlets owned by domestic enterprises and 60-96 per cent of the foreign supermarkets in Việt Nam.

The One Commune, One Product (OCOP) programme has helped provinces not only promote production locally and increase their product presence in other cities across the country, but also boost exports.

Surmounting difficulties to boost economic recovery, Việt Nam is expected to post a foreign trade record of US$780 billion in 2022.

By 2023, the industry plans to reduce energy consumption by 15 per cent and water consumption by 20 per cent.

The government set a target of divesting capital in 141 enterprises and equitising 19 state-owned enterprises by 2025.

Shares climbed for a third day this week and five sessions in a row, buoyed by blue chips again.

The report said that aggressive monetary tightening in advanced economies has pushed up bond yields and worsened the downturn of financial conditions in emerging East Asia.

Việt Nam's debt market was still in its infancy and sound policies were required to bolster growth, said policymakers and financial experts during a conference in Hà Nội on Tuesday.

An e-commerce week is taking place from November 28 to December 4 while Việt Nam Online Shopping Day - Online Friday 2022 is scheduled to last from December 2-4, according to the Ministry of Industry and Trade (MoIT).

However, after more than one year, the project has not commenced construction to implement the factory construction in accordance to the set schedule despite receiving the best support from the local government.

A recent report by the National Private Economic Development Research Board under the Government's Advisory Council for Administrative Procedure Reform showed that enterprises faced unprecedented difficulties in rising global uncertainty.