Business News

The Vietnamese manufacturing sector remained in growth territory at the start of the third quarter of the year, but there were some signs of demand softening. As such, output, new orders and employment all increased at weaker rates than in June, according to S&P Global.

In the first seven months of this year, five commodities posting export turnover of more than 10 billion USD, making up 58.5% of Vietnam’s export turnover.

The shift of global investment to Vietnam is creating a bright spot for the industrial park real estate market.
A recent report by SSI Research expected that the industry's profit after tax will grow by 47.3 per cent compared to the same period last year thanks to industrial land demand which is forecast to recover positively after the economy reopened post-pandemic.

The U.S. remains the largest importer of Vietnamese goods over the last seven months of 2022, spending an estimated sum of US$67.1 billion, while China was the biggest exporter of goods to Viet Nam with US$72.6 billion over the same period.

“In the first six months of 2022, VCCI has carried out a large amount of work, but the task in the last six months of the year still faces many challenges to achieve the set goals, requiring the united efforts of the Executive Committee,” said VCCI President Pham Tan Cong at the VCCI Executive Committee Meeting (7th Term) for the 4th time on July 30.

Ho Chi Minh City, Hanoi, Binh Duong, Dong Nai, Hai Phong, Quang Ninh and Ba Ria-Vung Tau are localities that frequently top the national rankings of foreign investment attraction, budget collection, per capita income and competitiveness index, among others.

Jointly organised by Singapore’s Centre for Liveable Cities and the Urban Redevelopment Authority, the biennial WCS returns to an in-person conference this year after a largely virtual summit in 2021.

Standard Chartered has forecast Viet Nam’s GDP growth at 10.8 percent in the third quarter, 3.9 percent in the last quarter of 2022, and 6.7% this year.