Business

Prime Minister Pham Minh Chinh has suggested Samsung expand its investment activities, considering Vietnam an important base, and a global strategy for developing key products to the international market.

Vietnam and Indonesia have agreed to lift two-way trade to 15 billion USD or above before 2028, President Nguyen Xuan Phuc and his Indonesian counterpart Joko Widodo told the press following their talks in Jakarta on December 22.

The Vietnam National Administration of Tourism has set a target of welcoming 110 million tourists including 8 million international visitors, earning revenues of VND650 trillion (USD27.08 billion) in 2023.

The northern province of Bac Giang has planned to build 13 golf courses by 2030 and a vision until 2050, said Duong Van Thai, the provincial party secretary.

Vietnam bagged a record-high of around USD50 million from durian exports to China in October this year, up 4,120 percent on-year, according to the Ministry of Agriculture and Rural Development.

It is expected that the total Vietnamese aviation market will reach 55 million passengers by the end of this year, an increase of 3.7 times compared to the previous year, recovering by nearly 70 per cent compared to 2019,

The first batch of VF 8 electric vehicles manufactured by VinFast, the first Vietnamese electric vehicle producer, arrived in the US on December 20 as the vessel Silver Queen docked at the Port of Benicia in California.

Following two years of low sales during Tết (the Lunar New Year), things are expected to look up for the fast moving consumer goods industry this time around since the Vietnamese economy has recovered.

Local export and logistics businesses are anticipated to enduring difficulties moving forward due to factors such as high inflation and the risk of a global economic recession, according to insiders.

Vietnam spent USD1.87 billion on importing fruit and vegetables in the first 11 months of this year, up nearly 39 percent from the same period last year, according to statistics from the General Department of Vietnam Customs.

The disbursed public investment sourced from foreign borrowing was estimated at more than VNĐ9 trillion in the first 11 months of the year, equivalent to only 26 per cent of the plan, an official from the Ministry of Finance said.

The 20th East Asia Forum (EAF-20) opened in Nha Trang city, the south central province of Khanh Hoa on December 19.

Asian markets fell on Monday as traders weighed the prospect of a global recession caused by central bank moves to fight inflation.

According to batdongsan.com.vn, Vietnam's leading real estate trading website, the domestic rental market had a bright start in 2022, although it began to decline in the second quarter.

Shares are expected to move positively this week thanks to supporting macro information with the VN-Index heading to the resistance area around 1,070 points.

More than 90% of Tra fish (Pangasius hypophthalmus) available in the US market comes from Vietnam, said Vietnamese Commercial Counsellor in the US Do Ngoc Hung citing statistics from the US Department of Agriculture (USDA).

Prime Minister Pham Minh Chinh chaired the plenary session of the fifth Vietnam Economic Forum in Hanoi on December 17.

The fifth Vietnam Economic Forum is scheduled to take place in Hanoi on December 17 to examine ways to stabilize the macro-economy, ensure major balances, and firmly overcome challenges in 2023.

Vietnam's real estate market is unlikely to boom next year, according to experts.