NEW FDI CHALLENGES FOR SOUTHEAST
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.
VIETNAM'S RETAIL MARKET TO RISE BY $163.5 BILLION OVER NEXT FIVE YEARS
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.
BANKS LEND STRONG SUPPORT TO BUSINESS COMMUNITY
The most important funding channel for the Vietnamese economy today is still bank credit. The growth of this channel is currently the highest among funding channels in the market, bringing nearly VND1,400 trillion to the economy. The current support and difficulty sharing by commercial banks not only shows the loyal bank-business relationship, but also helps many banks build more trust, promote their brand names and affirm their responsibility to sustainable development and cooperation with customers.
INTELLASIA FINANCE & BUSINESS NEWS - JANUARY 10, 2023
1. New banknotes in high demand in HCM City as Tet approaches
2. Vietcombank achieves and exceeds all business targets in 2022
3. VN remained among world's top FDI destinations in 2022
4. Foreign Investors Remain Confident in Vietnam's Business Environment
5. Exporters foresee tough challenges in 2023
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VIETNAM TENDERS DAILY- JANUARY 10, 2023
1. Standby materials and equipment supply
2. Leather lining, sole leather supply
3. Equipment and materials supply
4. Equipment, conductors, accessories supply
5. Primary equipment and materials supply
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REAL ESTATE AND CONSTRUCTION FIRMS TO BUY BACK OVER $710 MILLION IN BONDS
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.
HONG KONG FIRMS SEEK MORE COOPERATION OPPORTUNITIES IN VIETNAM
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.
ENTERPRISES IN HCM CITY RECEIVE CREDIT DISBURSEMENT, BUT RATES REMAIN HIGH
Enterprises in HCM City were receiving the disbursement of loans after the State Bank of Việt Nam (SBV)’s move to lift the credit growth target by 1.5-2 percentage points for 2022 from its earlier target of 14 per cent, allowing banks to lend an additional VNĐ240 trillion (US$9.7 billion).
