Business

Stocks mostly fell Monday as traders struggled to maintain momentum from last week's rally, though Shanghai advanced as mainland Chinese markets reopened after a week-long Lunar New Year break.

Vietnam’s four biggest State-owned banks have an urgent need for capital increase in 2023 as their charter capital is too low, with some unable to ensure the regulated minimum capital adequacy ratio, according to industry insiders.

Vietnam attracted foreign direct investment (FDI) worth 1.69 billion USD as of January 20 this year, down 19.8% annually, according to the General Statistics Office (GSO).

The Republic of Korea (RoK) topped the list of countries and territories with most foreign visitors to Vietnam in January 2023, the General Statistics Office of Vietnam (GSO) announced on January 29.

Vietnam’s consumer price index (CPI) in January edged up by 0.52 % month-on-month, fueled by high consumer demand for the Lunar New Year or Tet which fell in the same month, the General Statistics Office said on January 29.

Vietnam remains one of the 10 countries receiving the most remittances in the world, according to the recent Migration and Development Brief by the World Bank and the Global Knowledge Partnership on Migration and Development.

A number of expressways have been built or are under construction in the Mekong Delta, enabling the region to keep up with the rapid socio-economic development momentum of the rest of the country.

Hai Phong aims to become a regional and international logistics centre due to its many advantages as a transportation hub for all five types of traffic, including sea, road, air, railway, and inland waterways.

The leather and footwear industry is striving to achieve US$27 billion in export turnover this year, an increase of roughly 10% compared to the previous year amid shrinking major markets and falling demand.

Imports and exports continue to be a bright spot for Vietnam despite facing numerous difficulties and Vietnamese enterprises can penetrate deeper into the global supply chains with good strategies, according to experts.

Last year witnessed Binh Duong province attract more domestic investment than foreign direct investment, indicating a positive sign regarding the southern locality's investment environment.

Most Asian markets rose Thursday as the majority returned from the Lunar New Year break on an optimistic note, with inflation slowing and central banks hinting at a lighter approach to tackling prices.

Many roads in Da Lat City in the Central Highlands province of Lam Dong have seen traffic jams since the second day of the 2023 Tet Lunar New Year following a sharp rise in visitors.

After struggling to recover from the negative impacts of the COVID-19 pandemic, Ho Chi Minh City took back what it lost, achieving positive results in its socio-economic development in 2022.

Despite enduring the long-term impact of the COVID-19 pandemic, Vietnam still managed to attract a large amount of foreign direct investment (FDI) in 2022, with the outlook forecast to be optimistic moving into 2023.

The Central Institute for Economic Management (CIEM) has developed two scenarios for the Vietnamese economy in 2023 after an 8% growth rate was recorded in 2022.

Seaports nationwide are still working through Lunar New Year (Tet) break to ensure that import-export activities are not disrupted, according to the Vietnam Maritime Administration (VMA).

Vietnam is likely to attract roughly US$ 36-38 billion in foreign direct investment (FDI) this year, while last year’s figure neared US$22.4 billion, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

Despite a sharp fall in exports before the end of 2022 due to global inflation, tuna still brought home 1 billion USD in revenue last year, up 34% from 2021, becoming a billion-dollar commodity for the first time, data showed.