Business

Vietnam posted a trade surplus of 9.4 billion USD in the first 10 months of 2022, compared to 630 million USD in the same period last year, according the General Statistics Office.

China has remained Vietnam’s biggest trade partner, while Vietnam has continued to be the sixth largest trade partner of the neighbouring country, and the biggest in the Association of Southeast Asian nations (ASEAN) despites impacts of the COVID-19 pandemic

The consumer price index (CPI) posted year-on-year growth of 2.89% in the first 10 months of 2022 while core inflation rose 2.14%, the General Statistics Office (GSO) revealed on October 29.

Foreign capital inflows fell whereas disbursed capital rose in the first 10 months of 2022, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

Airlines in Vietnam have announced plans to provide an additional 8,079 flights on the coming Lunar New Year or Tet Holiday.

The trade turnover between Vietnam and the Republic of Korea (RoK) reached 66.8 billion USD in the first nine months of this year, up 18.2% year-on-year, and the set target of 100 billion USD will be fulfilled by 2023

Ticket prices for many air routes have considerably increased three months before the Lunar New Year Tet Holiday.

Japan is on Friday expected to announce an economic stimulus package that local media said could be worth $200 billion to cushion the impact of inflation and a weak yen.

Principal country economist of the Asian Development Bank Nguyen Minh Cuong has said that Vietnam’s economic recovery in the past nine months was impressive, believing that its mid and long-term growth prospect is bright.

Vietnam’s digital economy has secured the fastest rate of growth in Southeast Asia this year, with its gross merchandise value (GMV) set to rise 28% annually from US$18 billion last year to US$23 billion this year, said Google, Temasek,

The euro, pound and yen all held their gains against the dollar Thursday and equities rose as traders grow increasingly hopeful the Federal Reserve will slow its pace of interest rate hikes

Over 120 models are being displayed at the Vietnam Motor Show 2022 which opened in Ho Chi Minh City on October 26.

CPV Food Co., Ltd., a subsidiary of the CP Vietnam Corporation, announced on October 25 that it successfully shipped its first batch of processed chicken weighing over 33 tonnes to Japan.

Investors have paid greater attention to sustainable construction in real estate, especially green office, to satisfy the new requirements of tenants, according to experts from Savills Vietnam.

The State Bank of Vietnam on October 24 decided to revise up several interest rates by 1%, starting from October 25.

The State Bank of Vietnam (SBV) on October 24 continued to sharply increase the selling price of the US dollar by 490 VND to 24,870 VND per USD - the highest rise in many years.

Vietnam's import and export activities will face many difficulties and challenges in the last months of this year and into the next, according to Nguyễn Cẩm Trang, deputy director of the Import-Export Department, the Ministry of Industry and Trade.

Most Asian markets rose Monday on hopes the Federal Reserve would soon slow its pace of interest rate hikes, though the mood was darkened by worries over the China outlook after President Xi Jinping tightened his grip on power.

The Asian Development Bank mobilized a $135 million financing package for VinFast Trading and Production Joint Stock Company to manufacture Vietnam’s first fully-electric public transport bus fleet and first national electric vehicle charging network.