Business

The Vietnam Automobile Manufacturers’ Association (VAMA) has announced that its members sold 25,159 vehicles in June, down 42% from May ending three consecutive months of gains.

International visitors to the country reached 954,600 during the opening seven months of the year, representing a 10-fold increase compared to the same period from last year, according to figures revealed by the General Statistics Office (GSO).

Total export-import turnover in July reached 60.36 billion USD, up 6.1% year-on-year but down 6.8% month-on-month, according to the General Statistics Office of Vietnam.

Gold demand in Vietnam increased significantly in the second quarter of this year, according to the World Gold Council.

The nation’s consumer price index during the initial seven months of the year edged up 2.54% on-year, while core inflation rose by 1.44%, as announced by the General Statistics Office on July 29.

The numbers of enterprises and employees working in the non-state and FDI sectors increased rapidly, but reduced markedly in the state-owned sector during 2016-2020.

Around 18,713 flights of Vietnam’s airlines were delayed in the first half of this year, accounting for 13.1 percent of the total fights during the period.

Remittances to Ho Chi Minh City totalled 3.16 billion USD in the first half of 2022, down 13% from the same period last year, according to the State Bank of Vietnam (SBV) branch in the southern city.

Vietnam must move forward unless it wants to be saddled with the status of the “world’s factory”, heard a conference in Ho Chi Minh City.

Foreign investors have poured a total of US$15.41 billion into the country during the past seven months of the year, equivalent to 92.9% compared to the same period from last year, according to details given by the Ministry of

Authorities in the southern province of Dong Nai are planning to launch an auction for the Long Giao Industrial Cluster in Cam My District.

Standard Chartered has forecast Vietnam’s GDP growth at 10.8% in the third quarter and 3.9% in the last quarter of 2022, contributing to annual expansion of 6.7%.

Asia and the Pacific’s next tech startup “unicorn” may spring from Viet Nam, as the groundwork to build a strong ecosystem capable of supporting these businesses is well under way, according to a new report by the Asian Development Bank.

A workshop was held on July 26 in Hanoi to empower small and medium-sized enterprises (SMEs) through digital transformation and financial access.

Surging inflation and severe slowdowns in the United States and China prompted the IMF Tuesday to downgrade its outlook for the global economy this year and next, while warning that the situation could get much worse.

Up to 85% of enterprises in the processing-manufacturing and construction sectors expected better and stable business situation in the third quarter of this year, according to a survey conducted by the General Statistics Office.

Many banks have so far not only closed their doors to real estate development borrowers but also restricted loans to home buyers.

Vietnam aims for annual growth of 5-5.5% in forestry production value under the sustainable forestry development programme for 2021-2025 freshly approved by the Government.

Deputy Prime Minister Le Minh Khai has instructed concerned agencies to take measures to stabilise pork prices.