INTELLASIA FINANCE & BUSINESS NEWS - SEPTEMBER 30, 2021
1. Vietnam to lower lending interests via cash influx
2. SBV orders strict control on real estate credit
3. Vietnam's tuna exports drop sharply in August
4. Vietnam's import-export turnover up 24pct in nine months
5. Eight-month exports to Taiwan reach roughly $3 billion
----and more news
ECONOMY EXPANDS 1.42% IN JAN-SEPT PERIOD
Viet Nam’s economy dipped by 6.17 percent in the third quarter this year, the lowest figure since the country first reported on quarterly GDP growth. With the latest figure, the economy expanded 1.42 percent in January-September period due to heavy impact of the COVID-19 outbreak which forced many localities to impose social distancing order.
NEW MASTER SCHEME ON SEAPORT SYSTEM APPROVED
Deputy Prime Minister Le Van Thanh signed Decision 1579/QD-TTg, approving the master plan on development of Viet Nam’s seaport system in the 2021-2030 period, with a vision towards 2050.
VIETNAM'S DEVELOPMENT GOALS IN COMING DECADES
Vietnam aims to become a socialist-oriented developed nation by mid-21st century.
STANDARD CHARTERED FORECASTS FOURTH-QUARTER GROWTH IN VIETNAM AT 5.5 PER CENT
According to Standard Chartered, GDP growth in the third quarter may likely have slowed to 1.9 per cent on-year, from 6.6 per cent in the second quarter, as the pandemic hit the economy.
REGISTERED FDI UP IN NINE MONTHS DESPITE PANDEMIC: CONFERENCE
Despite COVID-19, foreign investors’ new capital registered in Vietnam reached 22.15 billion USD in the first nine months, up 4.4 percent compared to the same period last year, as heard at the Government Portal’s online conference held on September 27 with the participation of a number of localities housing foreign direct investment (FDI) projects.
MANY PROPOSALS MADE TO SUPPORT PANDEMIC-HIT ENTERPRISES AND PEOPLE
The People's Committee of Ho Chi Minh City has just submitted a document to the Prime Minister and Minister of Finance proposing a number of solutions to support businesses and people affected by the COVID-19 pandemic.
FDI INVESTORS MAINTAIN CONFIDENCE IN VIET NAM’S ECONOMIC PROSPECTS, WB SENIOR ECONOMIST SAYS
FDI investors still have confidence in the prospects of the Vietnamese economy for several reasons, Dorsati Madani, Senior Economist at the World Bank Viet Nam told VGP in a recent interview.
