Đồng Nai’s supporting industries have made impressive progress in recent years, but more needs to be done to further develop them, according to provincial authorities.

Vietnam attracted 25.1 billion USD in foreign investment in the first 11 months of 2022, up 0.5% month-on-month but down 5% year-on-year, the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment has said.

The 35-million-USD Fujikin Danang Research, Development and Manufature Centre, funded by Fujikin Incorporated from Japan, has freshly been inaugurated in the central coastal city of Da Nang.

Concerns about the ability of Vietnamese companies to access credit have been severely weighing on the VN-Index, but the issue is mostly restricted to the property sector, Michael Kokalari, chief economist at investment fund VinaCapital, has said in a note.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,667 VND/USD on November 29, unchanged from the previous day.

Most banks reported strong profit growth from the foreign exchange business in the first three quarters of this year thanks to the sharp appreciation of the US dollar, Q3 2022 financial statements showed.

Despite a decline of 18 per cent in newly registered capital to $11.5 billion, foreign capital disbursement saw a positive increase of 15 per cent to reach $19.68 billion in the January - November period. 

Infrastructure investment, trade environment and competitive wages are three factors that keep Vietnam’s economy humming along and its growth numbers positive, according to an article published on the vietnam-briefing.com.

The International Finance Corporation (IFC) has completed the disbursement of a loan worth nearly 3.7 trillion VND (150 million USD) to Vietnam Prosperity Joint Stock Commercial Bank (VPBank) to promote projects which would create sustainable value for the business community and the economy.

The first Thailand-Vietnam-Laos Business Forum took place in Udon Thani province of Thailand on November 28, attracting 300 management officials and Vietnamese businesses from the three countries.

Chairman of the People’s Committee of Bac Lieu province Pham Van Thieu has committed to creating the most transparent and fair investment environment for investors with the best incentives and the highest sense of responsibility.

The southern industrial hub of Binh Duong is likely to attract 2.8 billion USD of foreign direct investment (FDI) this year, exceeding the target by 1.6 times, according to Chairman of the provincial People’s Committee Vo Van Minh.

Vietnam should speed up innovation to take advantage of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) agreement and promote trade with Malaysia, a Malaysian expert has recommended.

The Ministry of Transport has submitted a plan to increase international freight transport by rail by 2030, with a target of shipping between 4 and 5 million tonnes.

Prime Minister Pham Minh Chinh attended the Green Economy Forum & Exhibition (GEFE) 2022 held by the European Chamber of Commerce (EuroCham) in Vietnam in Ho Chi Minh City on November 28.

Director of Legal and Corporate Affairs, Southeast Asia, Anheuser-Busch InBev Vietnam Brewery Limited Company (AB InBev), Trương Văn Toàn, speaks to Việt Nam News about business culture and entrepreneurial ethics.

The first batch of fresh pomelo from Ben Tre for export to the US was announce at a ceremony held in the Mekong Delta province on November 28.

Vietjet has won twin awards from the notable magazine World Business Outlook, namely the “Most Valued Airline of the Year in Asia 2022” and “Best Cabin Crew Service in Asia 2022”.

Food & Hotel Vietnam, the country’s leading international exhibition in the food, restaurant and hotel industry, will bring together reputable suppliers and potential buyers to explore business opportunities.

In the context that the world economy and Việt Nam’s were facing with a number of difficulties and challenges, IFC’s disbursement of the $150 million loan to VPBank affirmed the bank’s capacity and reputation in the international arena.