VIETNAM TENDERS DAILY- MARCH 29, 2023
1. Electric engine fire pump supply
2. Mean of people transport supply
3. Delivery mobile conveyors supply
4. Electronic materials and components supply
5. Mechanical block frame, materials supply
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INTELLASIA FINANCE & BUSINESS NEWS - MARCH 29, 2023
1. Interbank interest rates fall sharply
2. Pressure of high interest rate eased
3. Vietnamese banks that 'disappear' from the market
4. Vietnam's foreign investment plunges 39 per cent in Q1
5. Ministry of Industry and Trade proposes draft on cross-border trade
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CAR INDUSTRY REMAINS FLAT
After strong rebound in 2022 driven by pent-up demand, the local car market has been gloomy for the year to date, which is expected to linger until the year-end. Do Tien Dung, chairman of the Board of Directors at Hang Xanh Motors Service JSC (Haxaco), said that the company counted $3.04 million in profit in Q1 last year.
INTEREST RATES REDUCE IN ALL MARKETS IN WAKE OF CENTRAL BANK’S POLICY RATE CUT
Interest rates on the interbank market, the open market operation (OMO) channel and commercial banks have all decreased after the State Bank of Vietnam (SBV) cut several policy interest rates last week.
DONG NAI’S FDI ATTRACTION BOOMING, NEARLY TRIPLE IN Q1
Foreign direct investment in the southern province of Dong Nai surpassed 500 million USD in the first quarter this year, nearly tripling that in the same period last year, according to the management board of the provincial industrial parks.
VIETNAM ADJUSTING POLICIES TO ADAPT TO GLOBAL MINIMUM CORPORATE INCOME TAX: OFFICIAL
Vietnam is studying and adjusting its investment policies to adapt to the global minimum corporate income tax which is scheduled to be applied from 2024, said Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc.
DOWNWARD TREND IN FDI PERSISTS
According to the Ministry of Planning and Investment's Foreign Investment Agency (FIA), foreign direct investment (FDI) stood at $5.45 billion in the first quarter of 2023, equivalent to just 61 per cent on-year. The reason is said to be the lack of billion-dollar projects, with the $1.32 billion Lego investment making up 41 per cent of FDI in the first quarter last year.
INTELLASIA FINANCE & BUSINESS NEWS - MARCH 28, 2023
1. Inadequate regulations hinder green credit growth
2. Investment channels to remain difficult in near future
3. Foreign Bank in Vietnam' in 2022-23
4. Sanctions hit Vietnamese exports to Russia
5. Attracting Japanese investment into new fields
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