- THE MOUTHPIECE OF THE VIETNAM ASSOCIATION OF SMALL AND MEDIUM ENTERPRISES
With a vision to 2045, Ho Chi Minh City will develop on par with the world's major cities, becoming the economic, financial, and service hub of Asia; it will be an alluring global destination.
With China's reopening and the Ministry of Industry and Trade, localities, and businesses actively promoting consumption in other markets, lychee exports are projected to increase by 2023.
The Vietnam Journalists Association coordinated with the People's Committee of Binh Phuoc province to organise a programme to plant trees and award national flags and scholarships to several economically disadvantaged units, students, and households.
According to Decision No. 21/QD-BCT dated January 7, 2023, of the Ministry of Industry and Trade, 51/85 projects (total capacity of 2,871.611MW) have proposed temporary prices equal to 50% of the price ceiling for the price bracket.
In the context of cash flow congestion and order deficiency, the interest rate is no longer a significant factor for businesses and the economy; instead, the current focus is on securing employment for workers.
SSI Securities remarked that despite the real estate market's significant correction and improvement, there are still obstacles to overcome.
Vietnam's fruit and vegetable export turnover in May is estimated at 600 million USD, bringing the total export value for the first five months of 2023 to 1.97 billion USD, a 39% increase over the same period in 2022.
According to the General Statistics Office, investment capital realized from the State budget in May 2023 was estimated at 45,100 billion VND, an increase of 18% compared to the same month the previous year.
It is anticipated that by 2027, the number of ultra-wealthy individuals will nearly reach 1,300, an increase of 22% compared to the current population and a rise of 122% within ten years.
As of March 31, 2023, the Phu Tho Provincial Department of Taxation has published a list of 455 businesses (enterprises) and 186 business households with tax arrears that are 90 days past due. The total debt exceeds 555 billion dollars.
Saigon Glory's financial situation was severely impacted by its liabilities, which amounted to VND 27,320 billion, or more than 3.99 times its equity.
Thanh Hoa has effectively implemented a number of pro-business policies in order to foster a conducive business and investment climate to promote business growth, thereby contributing to the creation of a significant engine for socioeconomic develop
Vietnam is emerging as a new source of demand for Korean companies' semiconductors as the nation emerges as a global IT equipment manufacturing hub.
Vietnam attracted 962 new FDI projects in the first five months of the year, an increase of 66.4% compared to the same period last year, with a total registered capital of over USD 5.26 billion, an increase of 27.8% compared to the same period
The real estate market has not shown many signs of improvement, so the decline in housing business activity in the first quarter of 2023 is not unexpected.
As a result of the State Bank's announcement of a reduction in operating interest rates, interbank interest rates and deposit rates on the market plummeted, creating favorable conditions for financial activities.
According to a report by the Research and Development Board of the Private Economy, 71.2% of businesses still in operation in 2023 are projected to reduce their labour force by more than 5%, with 22.2% reducing their workforce by more than 50%.
In the first twelve days of May, the total value of bonds repurchased ahead of schedule by businesses since the beginning of the year reached nearly VND 53,000 billion.
ACBS believes that the State Bank's reduction of interest rates is a necessary but insufficient condition for promoting economic growth in Vietnam.
These projects are supported by the VND 120,000 billion credit programme and offer apartments priced between VND 16 million and VND 35.6 million per square metre.