Business

Vietnam’s economy has made good recovery since the beginning of this year; however, inflation risks could weight on the country’s growth outlook, according to experts.

Prime Minister Pham Minh Chinh on October 16 chaired a conference with foreign businesses operating in Vietnam to address their concerns and encourage them to grasp opportunities in doing business in the country.

With Vietnamese Women’s Day (October 20) approaching, stores in HCM City are stocking up on a wide range of products and offering promotions on them.

The Vietnamese Embassy in the Czech Republic has recently organised a programme to foster connectivity between Vietnamese and Czech businesses, and introduce Vietnamese products to local residents.

Vietnam and Thailand will be the two main rice suppliers for Indonesia's upcoming purchase of 1.5 million tonnes of rice.

Vietnam is working hard to have its stock market upgraded from frontier status to an emerging market by 2025.

The three best performing businesses in the Vietnam Environmental, Social, and Governance Initiative 2023 were unveiled at a forum held in Hanoi on October 13.

Many Vietnamese travel companies are facing a risk of losing billions of VND as they have had to halt tours to Israel.

The Ministry of Industry and Trade has provided early warnings for 18 export products originating from Vietnam which are facing a high risk of being investigated for trade defence measures, origin fraud and illegal transshipment.

Vietnam’s consumer price index is projected to grow between 3.2% and 3.6% this year, the Ministry of Finance said at a meeting of the Steering Committee on Price Management in Hanoi on October 11.

Petrol retail prices continued to fall sharply from October 11 following an adjustment by the Ministry of Industry and Trade, and the Ministry of Finance.

Firms can borrow from the Small- and Medium-sized Enterprise Development Fund with a short-term interest rate of 1.2 per cent per year and a long-term interest rate of 4.4 per cent per year.

The industrial real estate market in the south was vibrant and thriving in the third quarter, with many ready-built factories and warehouses entering the market, according to real estate research companies.

The recent decline in Vietnam’s automobile consumption and its drop to the fifth place in Southeast Asia can be attributed to both external and internal factors, car experts said.

The European Chamber of Commerce Vietnam has announced its Business Confidence Index for the third quarter of 2023, showing that the BCI has regained its upward trajectory in the period.

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.