Business

Vietnam enjoyed a trade surplus of USD 12.40 billion in 2022, triple that of the previous year, according to a report released on January 10 by the General Department of Vietnam Customs.

Vietnam should maintain high quality of its farm produce, especially longan, to clinch its position in the Japanese market, according to Vietnamese Trade Councillor in Japan Ta Duc Minh.

Asian markets were mixed Tuesday as growing optimism over China's economic reopening was offset by warnings that US interest rates will continue to rise and stay elevated for some time.

Standard Chartered Bank forecasts Vietnam’s economic growth at 7.2 per cent in 2023 and 6.7 per cent in 2024, following a solid recovery to 8.0 per cent in 2022.

Ho Chi Minh City received approximately US$6.8 billion in remittances last year, marking only a slight decrease compared to 2021 and accounting for 48% of foreign currency deposits at its credit institutions.

Asian markets resumed their strong start to the year Monday, tracking a surge on Wall Street fuelled by hopes that US data will allow the Federal Reserve to slow its pace of interest rate hikes.

Deputy Prime Minister Le Minh Khai has just signed Resolution No.163/NQ-CP on promoting the synchronous implementation of key tasks and solutions to enhance competitiveness and boost the logistics industry in the country.

In defiance of domestic industrial production decreasing, the business community is showing their increasing confidence with the support by the government’s new moves.

Starting from January 8, Vietnamese airlines will operate regular routes to China as they had done in the pre-pandemic period in 2019, according to the Civil Aviation Authority of Vietnam (CAAV).

Entering 2023, investors are choosing investment channels that bring in high profitability amid the current financial market where there are many unprecedented risks.

Tea exports in the fourth quarter of 2022 amounted to 54,000 tonnes, bringing in US$79 million, up 53.6% in volume and 30.3% in value compared to the same period from last year.

Major transport projects are expected to create infrastructure breakthroughs for HCM City.

The Civil Aviation Authority of Vietnam has proposed the Ministry of Transport allow air carriers to increase the size of their fleets in order to meet domestic demand and utilise opportunities generated by the recovering international market.

The number of non-cash payment transactions through the National Payment Corporation of Vietnam (NAPAS) nearly doubled in 2022 compared to the previous year.

The profit growth of listed companies is forecast to cool down in 2023 but experts say there are still many positive factors to support the market in the near future.

China’s foreign direct investment (FDI) inflow into Vietnam is projected to continue rising as China reopens its doors and resumes flights between the two countries, said AgriBank Securities Joint Stock Company (Agriseco).

A list of the 500 largest enterprises in Vietnam (VNR500) and top 10 prestigious companies in the fields of pharmacy, logistics, tourism, transportation and animal feed in 2022 has just been announced.

Amid an unstable global economy, the Vietnamese economy is forecast to enjoy plenty of growth opportunities and face many potential risks in the year ahead.

Vietnam has set a goal to obtain a gross domestic product (GDP) of USD7,500 per capita by 2030, and the figure should be even higher by 2050.