Business

Despite being affected by general difficulties, the growth rate of the construction industry achieved about 8-8.5% this year, contributing to bringing the economy's overall growth rate surpassing the 6-6.5% plan set by the Government.

Textile and garment exports may reach 47 - 48 billion USD in the positive scenario for 2023 and 45 - 46 billion USD in the lower-case scenario, said the Vietnam Textile and Apparel Association (VITAS).

Vietnam’s export of agro-forestry-fisheries hit new records this year amid fluctuations in the world market, said Minister of Agriculture and Rural Development Le Minh Hoan.

China’s reopening is expected to boost Vietnam’s GDP growth by over 2 percentage points next year, Michael Kokalari, chief economist at investment fund VinaCapital, said in a recent report.

Vietnamese farmers are enjoying big profits as the price of dragon fruit sharply rose after China eased their Covid-19 prevention policies at their borders.

After 2022, the stock market will move toward sustainable development, Deputy Finance Minister Nguyễn Đức Chi said at a conference held by the State Securities Commission (SSC) to review the Vietnamese stock market in 2022 and deploy tasks for 2023.

Disbursement of foreign direct investment in Vietnam in 2022 is estimated at nearly 22.4 billion USD, up 13.5% year-on-year, making it the highest amount in the past five years, the General Statistics Office has announced.

Vietnam’s GDP growth is expected to reach 8.02 percent this year, the highest rate between the 2011-2022 period, according to a report from the General Statistics Office.

Vietnam recorded year-on-year growth of 3.15% in the 2022 consumer price index (CPI) while core inflation increased 2.59%, the General Statistics Office (GSO) said on December 29.

The agriculture sector in 2022 posted a new record in the agro-forestry-fishery export value, hitting more than US$53.2 billion, a year-on-year increase of 9.3 per cent, according to the Ministry of Agriculture and Rural Development.

Prime Minister Pham Minh Chinh on December 28 tasked the banking sector with ensuring monetary security and safety, as well as legitimate rights and interests of people, businesses and relevant subjects in 2023 and the following years.

Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong has directed banks to continually reduce input costs with an aim to cut loan interest rates.

International organisations have forecast that the total amount of remittances to Vietnam may increase by 4.4% in 2022 and 3.6-4.5% the following year.

The Vietnamese textile and garment sector has set a bullish export revenue target of USD 48 billion next year despite predicted challenges and difficulties.

Vietnam expects to record a trade surplus of nearly USD 11 billion this year, according to the Ministry of Industry and Trade.

Leading Vietnamese electric vehicle manufacturer VinFast will introduce four EV models VF 6, 7, 8, 9 at the Consumer Electronics Show (CES) 2023 in Las Vegas, the United States in early January 2023.

The Ministry of Transport on Tuesday morning kicked off construction of the National Highway 50 expansion project that connects Ho Chi Minh City and Long An and some other provinces in the Mekong Delta region.

Vietnam attracted a total of 27.72 billion USD in foreign direct investment (FDI) as of December 20, equal to 89% of the figure of the same period last year, according to the Ministry of Planning and Investment.

Indonesia aims to export natural gas to Vietnam starting 2026 from the Tuna offshore block located near the Indonesian and Vietnamese maritime border, according to Indonesian Minister of Energy and Mineral Resources Arifin Tasrif.