VIETNAM’S 2022 TRADE TURNOVER EXCEEDS US$730 BLN
Vietnam is set to fetch US$732 billion in foreign trade this year, representing an annual rise of 10%, said the Ministry of Trade and Industry at a year-end meeting in Hanoi on December 26.
VIETNAM TENDERS DAILY- DECEMBER 27, 2022
1. Tyre asphalt concrete spreader supply
2. Exhaust gas suction system installation
3. Centrifuge concrete electric column supply
4. Glass insulation string insulator supply
5. Underground terminal cable supply
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INTELLASIA FINANCE & BUSINESS NEWS - DECEMBER 27, 2022
1. Banks required to cut rates to support economic recovery
2. Cashless payment promoted in rural, remote areas
3. Vietnam obtains highest GDP growth rate since 2007
4. Vietnam-bright spot of world economic landscape
5. Hanoi reinforces status as Vietnam's top FDI destination
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BANKS REQUIRED TO CUT RATES TO SUPPORT ECONOMIC RECOVERY
Under a document issued on Thursday, banks have been required to cut operating costs and unnecessary expenses, as well as administrative procedures, so as to have room for lending interest rate reduction to support the economic recovery and development.
FDI INFLOWS SLIGHTLY DECREASE IN 2022
The total newly-registered capital, adjusted capital, capital contributions, and share purchases stood at $27.7 billion in 2022, equivalent to 89 per cent of last year, according to the Ministry of Planning and Investment's Foreign Investment Agency.
EFFORTS TO HELP LABOUR-INTENSIVE INDUSTRIES RETAIN EMPLOYEES
In addition to the increasingly stringent requirements for a production price reduction, faster delivery and higher quality, brands are demanding that businesses in the supply chain follow multiple policies on sustainability, green practices, energy saving and emission limiting.
PREPARATION NEEDED TO DEAL WITH 2023 ECONOMIC HEADWINDS
Similarly, the Asian Development Bank (ADB) raised Vietnam's growth prediction for this year to 7.5 per cent, much higher than the 6.5 per cent number given in September 2022, while lowering its growth forecast for 2023 by 0.4 percentage points to 6.3 per cent.
INTELLASIA FINANCE & BUSINESS NEWS - DECEMBER 26, 2022
1. Vietnam responds well to global changes in 2022
2. Transparent corporate bond market a long-term capital channel
3. Liquidity pressure at the end of the year
4. Trade surplus increases, agriculture shines
5. Vietnam eyes $4bn in fruit exports in 2023
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