Business

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.

Vietnam’s gross domestic product in the third quarter of the year grew by 5.33% on-year while the consumer price index in September soared by 1.08% compared to the previous month, according to the General Statistics Office.

Durian traders in the Central Highlands province of Dak Lak are facing big losses over the past two weeks as prices have sharply fallen.

The Asian Development Bank (ADB) today approved capital management reforms that unlock $100 billion in new funding capacity over the next decade to address the region’s overlapping, simultaneous crises.

Foreign investment capital into Vietnam continues its increasing trend, with US$20.21 billion in nine months, a year-on-year growth of 7.7 per cent.

The Asian Development Bank (ADB) and the Vietnam Water Supply and Sewerage Association (VWSA) have signed a memorandum of understanding (MOU) to further strengthen their collaboration in promoting a sustainable and inclusive water sector in Vietnam.

Vietnam’s economic growth is expected to slow down to 5.8% in 2023 and 6.0% in 2024, compared to the April 2023 forecast of 6.5% and 6.8% respectively, mainly due to weak external demand.

The total consolidated revenue of 19 State-owned economic groups and corporations hit 1.871 quadrillion VND (77.9 billion USD) last year, or 20% of the country’s gross domestic product.

Standard Chartered has predicted that Vietnam's GDP growth will reach 5.1% in Q3, up from 4.1% recorded in the previous quarter.