Business

Remittances to Ho Chi Minh in the first half of 2023 topped 4.33 billion USD, an increase of 37% compared to the same period last year, the State Bank of Vietnam’s HCM City branch reported.

Businesses that recognise their part in mitigating climate change can better recruit and retain employees, and better serve customers and shareholders, experts said.

The Asian Development Bank is maintaining its growth outlook for developing economies in Asia and the Pacific at 4.8% this year, as robust domestic demand continues to support the region’s recovery.

It’s a big challenge for the economy to reach this year’s GDP growth target of 6.5%, and economic expansion is hoped to be boosted by some important demand factors in the second half of 2023, experts have said.

Vietnam’s export turnover is estimated to reach 29.3 billion USD in June, a month-on-month rise of 4.5%, which shows that the market is gradually recovering thanks to trade promotion activities, according to the General Statistics Office.

Synchronous development of transport infrastructure and abundant land in the east of Hanoi will attract investors, although the city's whole real estate market has gloomy forecasts for development, according to experts.

People pay more and more attention to summer holiday vacation and consider it an opportunity to tighten connectivity among family members, according to travel agencies in Ho Chi Minh City.

Although Vietnamese rice has been exported to 150 countries and territories, markets for the product are mainly Asian countries and thus need to be diversified, according to experts.

The Lao government is prioritising the rolling out of tough measures to solve economic difficulties and control inflation.

Countries like Vietnam and Indonesia could be beneficiaries if firms start to look for low-cost production centres in Asia, particularly for labour-intensive and low-margin industries, Savills Asia Pacific has said.

Potential for cooperation between the central city of Da Nang and Japan was the main focus of a workshop held by the municipal People’s Committee on July 14.

The domestic aviation market is projected to grow by 7-10% during the summer this year compared to the same period in 2019, according to the Civil Aviation Authority of Vietnam.

The market’s benchmark VN-Index extended its rally on Thursday to the highest point since September of last year, buoyed by demand for riskier assets from both domestic and foreign investors.

Pig prices in Vietnam have witnessed their sharpest rise so far this year due to lower supply.

The state budget revenue stood at 875.8 trillion VND in the first half of 2023, equivalent to 54% of this year’s target, reported the Ministry of Finance.

In its recently audited financial report, Vietnam Electricity Group announced a loss of 20 trillion VND, attributing it to the acquisition of electricity at costs exceeding its selling prices.

Vietnam’s gross domestic product is expected to grow 5.34 per cent this year under the first scenario set out by the Central Institute for Economic Management.

Vietravel Airlines, a member of Vietravel Corporation, will receive and put into use its fifth aircraft in mid-August, and further expand its fleet to six within this year, according to the airline’s representative.

A US$5.08 billion package in preferential lending rates for social housing developments started to see first disbursement, a positive signal after the development of affordable homes had been in stagnation for several years.