Business

After a decade of establishing a presence in Vietnam, Starbucks, a popular US coffee brand, has recently announced plans to open its 100th store in the country this year.

Asian markets built on their positive start to the year Wednesday as investors brushed off a drop on Wall Street and weighed China's reopening moves with surging Covid cases, while recession concerns kept any rally in check.

Vietnam is among the four markets with potential growth in branded residences segment, according to a global Savills report.

The aviation market recorded about 55 million passengers in 2022, rising 3.7-fold from the previous year and equivalent to 69.6% of that in the pre-pandemic 2019, according to the Civil Aviation Authority of Vietnam.

Prices of petroleum products have slightly risen from 3 pm today, January 3, following an adjustment by the Ministry of Industry and Trade and the Ministry of Finance.

Vietnamese domestic motorcycle production is estimated at more than 3.32 million units this year, with a year-on-year growth of 9.9 per cent.

China has officially announced the easing of COVID-19 prevention measures which have been imposed for three years. This is expected to kickstart the country's economic recovery, opening opportunities for some Vietnamese sectors in the medium term.

The Vietnam International Logistics Exhibition 2022 (VILOG) will take place for the first time at the Saigon Exhibition & Convention Centre (SECC) in HCM City from August 10 -12, 2023.

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.