Business

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.

Due to a lack of knowledge about origin regulations, many Vietnamese firms have yet to optimise advantages from the EU-Vietnam Free Trade Agreement, which has been effective for two years and generated great benefits for both sides, according to insiders.

Asian stocks started on a positive note Monday, buoyed by gains on Wall Street last week although spiralling Covid-19 cases in China weighed on sentiment in thin holiday trade.

Vietnamese automobiles imports increased sharply this year, with 163,333 cars worth over USD3.62 billion brought into the country as of December 15, surpassing the record figure of nearly 160,000 cars imported in 2021.

Both foreign and domestic fintech firms are promoting connections with commercial banks to lend unsecured loans to individuals, and small and micro enterprises as demand for consumer and business loans at the end of the year is rising.

Vietnam’s e-commerce revenue in 2022 maintained an increase of about 15% compared to last year, according to the Vietnam E-commerce Association.

Construction on 12 sub-projects of a mega project to build the eastern section of the North-South Expressway in the 2021-2025 period will be kicked off on January 1, 2023.

International flights during the upcoming Tet (Lunar New Year) holiday season should prosper, an official from the Ministry of Transport has said.

Stronger government support and operating environment have helped Vietnamese banks gain positive momentum, according to Fitch Ratings.

The Hanoi Promotion Agency (HPA) opened the 2022 Hanoi shopping festival on December 22 night at the Vincom Plaza Long Bien shopping mall in Long Bien District.

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.