The northern province of Quang Ninh has implemented a series of investment attraction solutions towards luring over 1 billion USD of foreign direct investment (FDI) to industrial parks and economic zones this year.

The theme of the 2023 New South Wales (NSW) Premier’s Export Awards focuses on the celebration of the 50th anniversary of diplomatic relations between Vietnam and Australia – an important milestone to acknowledge and a great way to promote the many opportunities for Australian and Vietnamese businesses, according to the Export Council of Australia.

The bad debt ratio of the banking system skyrocketed from 2% at the beginning of this year to 3.56%, or more than 440 trillion VND, at the end of July 2023, according to the latest data from the State Bank of Vietnam (SBV).

Representatives from financial and investment organisations, banks, insurance firms, and major businesses of the UK gathered at a seminar in London on October 23 to discuss experiences in developing international finance hubs, and relevant orientations for Ho Chi Minh City of Vietnam.

Enterprises from the southern province of Long An and the Republic of Korea (RoK) on October 23 joined an investment promotion workshop in Seoul.

The real estate sector has witnessed a surge in corporate bond issuances worth a total of 30 trillion VND (1.22 billion USD) in the third quarter of 2023, a move aimed at debt restructuring rather than capital raising.

Some bank leaders believe the bad debt ratio will peak in the third quarter of this year and start to gradually decrease from the beginning of the next year.

The State Bank of Vietnam (SBV) will continue to issue new bills to withdraw cash from the banking system as liquidity is abundant and interbank interest rates remain low, analysts forecast.

Saigon Beer-Alcohol-Beverage Joint Stock Corporation (SABECO) was honoured for its efforts to overcome difficulties and make great contributions to the State budget during the 2020-2022 period.

THACO AUTO, a subsidiary of Vietnam’s Truong Hai Group (THACO), and Peugeot have launched the New Peugeot 408 in Vietnam.

The Government has proposed the National Assembly (NA) to allow it to continue the 2% interest rate support policy for enterprises, cooperatives, and business households.

Vietnamese carriers Vietnam Airlines, Vietjet Air, Bamboo Airways, Pacific Airlines and Vasco have offered over 6 million tickets for sale to meet rising travel demand during Lunar New Year (Tet) 2024, which is forecast to be higher than last year.

Standard Chartered Vietnam and the State Bank of Vietnam (SBV) have jointly organised a conference themed “Accelerating women in banking for new challenges resolution” in Hanoi.

The structure of public investment capital in the last few years has changed in line with Vietnam’s economic reforms, boosting the restructuring of industries, and regions as well as balancing socio-economic development and social welfare, said Minister of Planning and Investment Nguyen Chi Dung.

The trade relationship between Vietnam and the United Kingdom experienced significant growth in bilateral trade over the past year, according to data released by the UK government's Department for International Trade on October 19.

Ho Chi Minh City tallied 6.687 billion USD in overseas remittances during the first nine months of 2023, up 40% year on year and 1.3% over all of 2022, according to the local branch of the State Bank of Vietnam (SBV).

Foreign investors' net selling was 4.6 trillion VND in September, the sixth consecutive month of net selling by foreign investors on the Vietnamese stock market, according to the State Securities Commission (SSC).

The on-time performance (OTP) rate of Vietnamese airlines reached 85% in the first nine months of this year, lower than the 87.8% rate in the same period last year, according to the Civil Aviation Authority of Vietnam.

The retail price of petrol rose in the latest adjustment on October 23 by the Ministry of Industry and Trade and the Ministry of Finance.

Public investment is expected to be an engine for Vietnam’s economic growth in the context that global headwinds may challenge the country’s growth target of 6.5%, according to experts.