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INTELLASIA FINANCE & BUSINESS NEWS - JULY 20, 2023
FINANCE
Reference exchange rate up 27 on July 20
HCM City banks sign up to lend $33.3 million to businesses
Bankers propose resolution to support firms, people
Law needed to ensure banks can repossess collateral on bad debts
The burden on the banking system
Experts: Bancassurance to recover when customer confidence regained
AEON Vietnam secures $41M loans from two Japanese banks
TPBank posts pre-tax profit of nearly VND3.4 trillion in Q2/2023
ADB lowers growth forecast for Vietnam to 5.8pct this year
Economic recovery signs on horizon in H2: analysts
Demand recovery expected to drive GDP growth: Experts
US Treasury Secretary's visit to Vietnam for deepened economic ties
Netherlands, UNDP team up to accelerate circular economy in Vietnam
Exports of cement and clinker fall
Commodity exports likely to gather full steam in second half
Vietnam to spend big on fuel storage capacity expansion
Half of Can Tho budget planned for traffic projects
Positive signs abound for business operation lift
Structure lacking for LNG activities
Thai food groups set sights on fresh gains
Supply shortages remain in industrial property frame
Public space will be lost without green living space: experts
Hanoi's property market booms with rising condo prices
BUSINESSBIZ NEWS
VN Index breaks 8-session gaining streak
Trading platform for privately placed bonds goes live
Enterprises' internal strength: A core to listing
Vinamilk to pay 24.5pct cash dividends next month
Vietnam and Jordan seek to step up economic trade cooperation
Smart appliances, gift expos open in HCM City
International expo on fire safety, rescue, smart building opens
16th International exhibition on electrical technology opens in HCM City
VIR to host health conference on July
Vietnam cashew industry flags suspected UAE fraud
VND9,000 billion needed for aquatic protection and exploitation
'E-shopaholics' account for 45pct of online purchases: study
Can Tho meets local business community
Phu Tho: digital transformation in agriculture key to breakthrough
Unlocking Hanoi's rooftop solar potential: overcoming challenges for business development
Who will secure financial guarantees for Long Thanh's construction consortiums?
Managers struggle to find new jobs in tough labour market
Half of jobseekers expect $400 per month salary
New high-speed boat enhances connectivity to Ly Son Island
Pilot tourism submarine service in Nha Trang Bay extended
PM urges preparations for Can Gio transhipment port
Quang Nam kicks off construction of central region connectivity project
CYDAS ties up with MOR Software
Vietnam Airlines to host World Safety and Operations Conference
Local airlines may reject smart carry-ons
VinFast set to break ground on EV plant in US by end-July
Vinhomes value soars on new projects
An Phat continues to fight for VAT reimbursement
Hoa Phat Dung Quat receives first tugboat from Netherlands
Vietnam emerges as a prime destination for HP's PC production diversification
Please click here for details: Finance Vietnam News - July 20, 2023
Related News
VIETNAM ECONOMY INVESTMENT
VIETNAM RANKS SECOND IN CHINA’S FRUIT MARKET
Vietnam has captured the second-largest share of China’s imported fruit market, accounting for 20% of purchases worth over US$4 billion in the first nine months of 2025, with durian and bananas driving strong growth. China spent a total of US$20.3 billion on fruit imports during this period. Thailand led with US$6.7 billion in exports, up 10% year-on-year and holding a 33% market share.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
IMPORT–EXPORT CUSTOMS REVENUE NEARS VND380 TRILLION IN JAN–OCT
During the same period, the country’s total import–export value reached more than US$762 billion, up 17.4% from a year earlier. Exports amounted to nearly US$391 billion, an increase of 16.2%, while imports grew 18.6% to US$371.4 billion, resulting in a trade surplus of over US$19.5 billion. In October alone, Vietnam’s total trade stood at US$81.49 billion, down a slight 1.2% from September, but the nation still posted a monthly trade surplus of US$2.6 billion, the Vietnam News Agency reported.
VIETNAM ECONOMY INVESTMENT
VIETNAM EYES DOUBLE-DIGIT GROWTH IN 2026
The National Assembly has approved the 2026 socio-economic development plan, setting an economic growth target of at least 10%. The resolution, passed on November 13 with more than 90% of lawmakers in favor, also aims for per capita GDP of US$5,400-5,500 and an inflation rate of around 4.5%, according to the National Assembly’s website (quochoi.vn). These targets are higher than the projected outcomes for 2025.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
FOREIGN TRADE REMAINS BRIGHT SPOT IN VIETNAM’S ECONOMY
During January-October, total export turnover reached US$391 billion, a year-on-year increase of 16.2 percent. Of the figure, the domestic economic sector accounted for US$94.17 billion, representing 24.1 percent, while the foreign-invested sector (including crude oil) reached US$296.83 billion, accounting for 75.9 percent.
VIETNAM MONTHLY STATISTICAL DATA
INFOGRAPHIC SOCIAL-ECONOMIC SITUATION IN OCTOBER AND 10 MONTHS OF 2025
The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.
HOSPITALITY / TOURISM / ENTERTAINMENT
HCMC EARNS VND208 TRILLION FROM TOURISM IN JAN-OCT
HCMC generated an estimated VND208.07 trillion in tourism revenue in the first 10 months of 2025, up 22% over the same period last year, according to the city’s Tourism Department. The figure represents nearly 72% of the city’s full-year target of VND290 trillion. International arrivals in the period rose 17.7% over the same period last year to 6.5 million, while domestic visitors totaled over 33 million.
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