Việt Nam News

The index reversed the bullish trend set since the beginning of the year as selling pressure rose due to risk-off sentiment ahead of Tết.

GDP growth must be accompanied by personal financial development, economic experts said at a seminar on Thursday.

The programme, which aims to serve 20,000 needy residents with a total cost of over VNĐ10 billion (US$425,803), is running until Sunday in District 1, Phú Nhuận, Bình Tân, and Hóc Môn districts, and Thủ Đức City.

In 2022, Việt Nam was a bright spot in the region's economy, with GDP growth of 8.02 per cent, but businesses in the VNR500 saw worse performance than in 2021.

Starbucks is committed to expanding further in Việt Nam with its plan of opening the 100th store by the end of the second quarter this year

The province also strives to disbursing capital out of budget to implement projects at about VNĐ24 trillion.

The profit growth of listed companies is forecast to cool down in 2023 but experts say there are still many positive factors to support the market in the near future.

FTA-induced tariff advantages had been fully exploited to boost sales, filling the gap left by the weakening demand in other countries.

According to the Ministry of Industry and Trade, made-in-Việt Nam goods accounted for more than 90 per cent of products on shelves of domestic distribution companies and 60-95 per cent of foreign supermarket chains.

After hitting a record low in 2022, Việt Nam’s money supply (M2) will rebound in 2023 and become an important driver for the recovery of the stock market, KB Securities Vietnam (KBSV) forecast.

The number of non-cash payment transactions through the National Payment Corporation of Việt Nam (NAPAS) was increased nearly double in 2022 compared to the previous year.

The VN-Index had gained a total of nearly 49 points in the last three sessions.

With a dim outlook for the banking industry, most securities firms expect conservative profit growth for banks in 2023.

After a large-scale network failure in some areas of HCM City, MobiFone restored service at about 10 pm on January 4.

Economist Nguyễn Minh Phong forecasted that interest rates in Việt Nam would not fall until the second half of 2023. He also said keeping interest rates high might be a double-edged sword for the economy.

Vietnamese real estate began to decline in the late months of 2022 as a result of a change in the governmental stance on bank credits and corporate bonds.

However, this year, there are still many challenges in implementing targets for the State budget. Minister of Finance Hồ Đức Phớc spoke to Vietnam News Agency about these issues.

Almost four in five travelers in Asia are eager to travel internationally in 2023 as concerns around inflation and rising costs will likely not stop travelers from packing their bags, reported a new study conducted by Klook in November 2022 in nine markets, including Việt Nam.