Business News

While Việt Nam’s economy is performing well amid uncertainties in the global economy, risks to the economic outlook have become elevated. ADB raised its forecasts for the country’s economy to grow by 7.5 per cent this year.

According to Hoang Trung Kien, director of Quang Ninh Economic Zones Management Authority (QEZA), the cumulative foreign direct investment (FDI) capital in industrial and economic zones in the province under the authority's control is almost $180.6 million.

The EU is Vietnam's third largest export market with an average growth rate of 7.5%, accounting for 13.6% of Vietnam's total exports from 2015-2021.

Agro-forestry-fishery exports stood at over 49 billion USD in the first 11 months of 2022, higher than last year’s record of 48.6 billion USD, the Ministry of Agriculture and Rural Development said.

The foreign direct investment (FDI) in the first 11 months of this year exceeded 25.1 billion USD, according to the Ministry of Planning and Investment.

The Vietnam Securities Depository (VSD) has revised the cap for the initial margin for the VN30 index futures contracts to align with developments on the derivatives market. The VSD yesterday, December 12, raised the initial margin for futures contracts of the VND30 blue-chip index to 17% from 13%. The adjustment will take effect from December 15.

The number of cars imported into Vietnam last month soared sharply, driven by the strong domestic demand.
Data from the General Department of Vietnam Customs showed the country imported over 22,700 completely-built-up (CBU) cars worth US$468 million in November, surging by 58.8% in volume and by 46.7% in value over October.

HCMC’s foreign trade in the year to November had totaled US$101.6 billion, according to the General Department of Vietnam Customs. The gross regional domestic product of HCMC is expected to grow 9.03% over 2021, way above the target ranging between 6% to 6.5%.