Business

Vietnamese coffee exports this year are forecast to remain positive and are likely to reach turnover of US$4 billion.

Thanks to drastic efforts by the Government, credit growth is expected to increase positively in the last months of this year, helping ease difficulties for businesses and propelling forward the development of the economy.

The ASEAN+3 Macroeconomic Research Office has just revised the growth forecast for Vietnam’s economy in 2023, increasing it to 4.7% from the previous 4.4% stated in the July report.

The south central province of Khánh Hòa has so far attracted six Japanese projects worth over US$2.65 billion, or nearly 70 per cent of the total foreign direct investment in the locality.

Over the medium-term outlook for the next five years, a number of key drivers are expected to continue to make Vietnam one of the fastest growing emerging markets in the Asian region.

Vietnam, as an open economy with multiple Free Trade Agreements in place, is committed to fulfilling its obligations in the automobile import sector.

Vietnam’s economic growth is predicted to expand by between 9.3% and 10.6% in the fourth quarter, thereby achieving annual GDP growth of 5.8% to 6% providing that growth drivers are fully tapped into and the global market rallies.

HCM City Real Estate Association is calling for a revision to an article whose entry into force is believed to stymie the corporate bond market.

Vietnam set a new record in rice export revenue in the first nine months of 2023 thanks to the increasing price of exported rice, according to the Ministry of Agriculture and Rural Development.

Prices of air tickets for the Lunar New Year are sharply increasing due to demand.

There is a subdued atmosphere at Ho Chi Minh City’s Hanh Thong Market due to a sharp fall in customers.

A significant shift in the Vietnamese employment landscape has emerged, with 35 per cent of Vietnamese workers seeking a new job right now, according to a recent nationwide study.

Vietnamese lobster exports to China sharply fell by 42 percent year on year to USD76 million during the first eight months of this year, according to the Vietnam Association of Seafood Exporters and Producers.

Vietnam’s real economic growth is expected to slow to 4.7% this year before recovering to 5.5 % in 2024 and 6.0 % in 2025, according to Vietnam’s Macro and Poverty Outlook released by the World Bank on October 2.

Petrol retail prices slightly fell from October 2 following an adjustment by the Ministry of Industry and Trade, and the Ministry of Finance.

Domestic demand is driving a tourism recovery in Vietnam and compensating for the lower number of international visitors, tourism and hospitality experts said.

Vietnam's southern localities remain attractive destinations for Japanese investors thanks to the completion of infrastructure systems coupled with an improved local business environment.

Hanoi and HCM City continue to attract investors thanks to the competitive rental costs for offices and high-end retail spaces, accompanied by a high occupancy rate in the region, according to Savills Vietnam.

Vietnam’s trade surplus in September was estimated at 2.29 billion USD, bring the figure in the first nine months of the year to 21.68 billion USD, the General Statistics Office announced on September 29.