Report on FDI in Vietnam: challenges, opportunities in green growth, digitalization
The annual report on FDI in Vietnam 2022 published by the Vietnam Association of Foreign-Invested Enterprises (VAFIE) highlights the need to lure FDI into green growth and digital transformation.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Livestock major Dabaco profit falls 81% to $6.4 mln in 2022
Vietnam's leading livestock company Dabaco reported an after-tax profit of VND150 billion ($6.4 million) in 2022, down 81% year-on-year, and only reaching 16% of its target.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Textile giant Vinatex's 2022 profit shrinks 19%
Vietnam's largest textile and garment maker Vinatex reported an after-tax profit of VND1,069 billion ($45.58 million), down 19% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Masan Group’s 2022 profit down 58.3% after feed business consolidation
Vietnamese multi-business corporation Masan Group saw its 2022 net profit after tax decline by 58.3% year-on-year to VND3,567 billion ($152 million), primarily due to one-off financial income gains from deconsolidation of its feed business in the last quarter of 2021.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thais’ AFF Cup trophy smashes Vietnam's hope for 3rd title
Thailand captain Theerathon Bunmathan on Monday dashed Vietnam’s dream to secure the Asean championship’s trophy, helping the regional football powerhouse win the tourney for the seventh time.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Dai Dung rides major steel structure construction wave
Dai Dung Corp., a leading Vietnamese steel structure manufacturer, is proceeding with its strongly growing business plans for 2023, built up from the firm's contracted supply of steel structures for some FIFA World Cup 2022 stadiums in Qatar.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Petrovietnam posts 3-fold profit increase in 2022
State-run giant Petrovietnam recorded a consolidated pre-tax profit of VND82 trillion ($3.49 billion) in 2022, 3.3 times higher than its target and up 60% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam's 2023 economic expansion likely 5.8%: HSBC
Vietnam’s GDP growth would moderate to 5.8% in 2023 from 8.02% last year, given the external weakness and waning re-opening effects, HSBC said Thursday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
26% of Vietnam investors make portfolio changes due to inflation: Standard Chartered
In 2022, 26% of Vietnamese investors made new decisions for their portfolios while 25% spent less on their investment decisions because of inflation pressure, according to a new Standard Chartered report.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
M&A 2022 landscape, outlook for 2023
KPMG Vietnam partner Nguyen Cong Ai provides an insight into Vietnam’s merger and acquisition (M&A) market in 2022 and outlook for 2023.
KPMG - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam's top 10 economic highlights in 2022
2022 has been a year of positive economic recovery in Vietnam, with many new records achieved, though coupled with unprecedented challenges. Here are 10 outstanding economic events of the year as voted by The Investor.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Rocky year for Vietnam realty market
Vietnam’s real estate market experienced fluctuations and woes in 2022, and many companies in the industry were forced to restructure by cutting costs and staff.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s 2022 CPI rises 3.15%, retail sales up 19.8%
Vietnam's consumer price index (CPI) in 2022 increased 3.15% year-on-year while retail sales of goods and services rose 19.8%, according to the General Statistics Office.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s GDP growth hits 12-year high of 8.02%
Vietnam's economy expanded by 8.02% in 2022, much higher than the 2.58% recorded last year during the height of the pandemic, the General Statistics Office announced Thursday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
FDI disbursement reaches an all-time high of $22.4 bln
Disbursed foreign direct investment capital in Vietnam rose 13.5% year-on-year to $22.4 billion in the year to December 20, while newly-registered capital declined by over 18% to $12.45 billion.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
ADB revises Vietnam economic expansion forecast to 7.5%
The Asian Development Bank (ADB) on Wednesday raised its Vietnam GDP forecast for this year from 6.5% to 7.5% in September, while lowering its prediction for developing Asia and the Pacific amid a worsened global outlook.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Investors strongly expand in Vietnam retail sector
Vietnam’s retail industry has witnessed aggressive expansions from investors, developers, and retailers in a market of almost 100,000 million people.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Masan delivers 39.5% core profit increase in 9 months
Masan Group, one of Vietnam’s leading private conglomerates, said Friday its January-September core profit after tax soared by 39.5% year-on-year to VND2,105 billion ($84.74 million).
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Legislative body to make major economic decisions, minister appointments
The National Assembly's year-end meeting started Thursday, discussing major socio-economic issues and several draft laws.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam economic expansion could reach 6.9%: economic institute
Vietnam’s GDP this year could grow 6.9% in the best scenario, with inflation contained at 3.7%, an export expansion of 16.3% year-on-year, and a trade surplus of $2.7 billion, according to CIEM, a leading Vietnamese economic research institute.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam can grow 7.3-7.6% this year: BIDV research institute
Vietnam’s economic growth can reach 7.3%-7.6% this year in the most positive scenario, with inflation at 3.8%-4.2%, according to the BIDV Training and Research Institute.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
HSBC, IMF raise Vietnam growth forecast
HSBC has revised up Vietnam’s GDP prediction this year from 6.6% to 6.9%, while International Monetary Fund put its forecast at 6%.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
'New era’ in Southeast Asia ties with US, says Biden
U.S. President Joe Biden said on Friday a first summit in Washington D.C. with ASEAN leaders marked the launch of a "new era" in the relationship between the U.S. and 10 Southeast Asian countries.
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
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No offshore wind projects in Vietnam until 2028: global council
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Vietnam-Singapore Industrial Park JV earns $67 mln profit in 2023
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Techcombank plans 10% stake issue to foreign strategic investors
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Vietnam needs to build more highways: logistics firm exec
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Vietnam central bank pumps cash to save troubled lender SCB