Business News

Earlier this month, the Government issued key tasks and solutions to implement the Socio-Economic Development Plan and State budget estimate and improve the business environment and national competitiveness in 2023 under Resolution 01/2023/NQ-CP.

Despite gloomy forecasts about global economic prospects, the southeast of the country continues to welcome an influx of foreign direct investment (FDI). Ho Chi Minh City and Binh Duong were the top two regions for attracting foreign investors, enticing $3.94 billion and $3.14 billion from overseas in 2022 respectively.

The retail market in Vietnam is estimated to increase by $163.5 billion at a compound annual growth rate of 11.4 per cent between 2022 and 2027, according to a report by market research company Technavio.

According to data from the Vietnam Bond Market Association (VBMA), the total value of corporate bonds reaching maturity from now until the end of this month approximates $760.8 million, mainly concentrated in the real estate and construction sectors.

A business delegation of Hong Kong (China) will visit Hanoi and Ho Chi Minh City from January 8-14 to seek economic and investment cooperation opportunities between Vietnam and Hong Kong and Greater Bay Area in particular, and China in general.

Accordingly, the ceiling price (the highest price) of the electricity generation price bracket (excluding value-added tax) applied to ground solar power plant is VND1,184.90/kWh, and floating solar power plant is VND1,508.27/kWh.

In 2022, the world economy experienced substantial uncertainties, which exerted a strong impact on the domestic economy. In that context, Vietnam's economy achieved many encouraging results, building up a foundation for rapid and sustainable development in 2023 and beyond.

The capital city Hà Nội recorded year-on-year growth of 8.89 per cent in gross regional domestic product (GRDP) in 2022, higher than the target of 7-7.5 per cent, the municipal Statistics Office announced.