Business News

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.

Tran Anh Vu, deputy general director of the Ministry of Foreign Affairs’ (MoFA) Department of General Economic Affairs, told VIR that in 2023, Vietnam will continue carrying out group-oriented diplomatic activities to lure in big projects worth billions of US dollars, in the context of increasing competition in luring this kind of funding in the region.

Vietnam’s GDP growth reaches 8.02% this year, a record high in the 2011-2022 period as the economy is recovering strongly, General Director of the General Statistics Office (GSO) Nguyen Thi Huong told a press conference in Hanoi on December 29.