9M trade surplus at $6.5bln
Business

9M trade surplus at $6.5bln

Trade turnover reached over $558 billion in the first nine months of 2022, up 15.1 per cent year-on-year. Exports totaled $282.52 billion, up 17.3 per cent, and imports $276 billion, up 13 per cent. Trade was therefore in surplus, by $6.52 billion.
September CPI up 0.4%
Vietnam Today

September CPI up 0.4%

The General Statistics Office has reported that the price of essential consumer goods and services increased in line with the price of raw materials, pushing up the CPI in September by 0.4 per cent compared to August. Core inflation in September increased 0.4 per cent over August and 3.82 per cent year-on-year. On average, core inflation increased 1.88 per cent year-on-year in the first nine months of 2022; lower than the overall average CPI.
PYN Elite Fund: Stock market to soon recover
Banking & Finance

PYN Elite Fund: Stock market to soon recover

In a recent letter to investors, Mr. Petri Deryng, Head of the PYN Elite Fund, shared his investment experience and said he believes that healthy economic development and sustainable income prospects will drive Vietnam’s stock market to recover quickly, once the uncertainty subsides. Data from PYN Elite shows that emerging economies, whose stocks are not overvalued but affected by weak global market sentiment, can quickly recover from shocks.

VET Exclusive

Vietnam Today

Businesses to be involved in training high-quality human resources

Businesses to be involved in training high-quality human resources

Deputy Minister of Education and Training Hoang Minh Son chaired a working session with many ministries, branches, and provincial people’s committees on September 28 to develop a project training high-quality human resources for technology development. A representative from the Department of Higher Education at the Ministry of Education and Training said the project will focus on attracting businesses to participate in high-tech human resources training.

Investment

Da Nang using its advantages to become a major logistics center

Da Nang using its advantages to become a major logistics center

Central Da Nang city has a particularly favorable geographical location and is one of the coastal gateways in the East-West Economic Corridor, with the potential to become part of a global production and supply chain network due to connections with the Pacific and Indian Oceans. Under its plan, the city will have five main logistics centers on a total area of 229 ha. The most prominent is the Lien Chieu Port Logistics Center, which will be on 30 ha by 2030 and 69 ha by 2045.

Banking & Finance

KBSV: SBV can loosen credit limit again

KBSV: SBV can loosen credit limit again

KB Securities Vietnam (KBSV) has said that if banks use up the new credit limit, then credit in the industry as a whole will increase about 13.2 per cent compared to the beginning of the year. Therefore, the State Bank of Vietnam (SBV) can loosen the limit again, from 0.5-1.2 per cent, to achieve the annual target of 14 per cent.

Business

9M trade surplus at $6.5bln

9M trade surplus at $6.5bln

Trade turnover reached over $558 billion in the first nine months of 2022, up 15.1 per cent year-on-year. Exports totaled $282.52 billion, up 17.3 per cent, and imports $276 billion, up 13 per cent. Trade was therefore in surplus, by $6.52 billion.
2022 coffee exports may hit record

2022 coffee exports may hit record

Figures from the General Department of Vietnam Customs show that coffee exports brought in $2.8 billion in the first eight months of 2022, up 40 per cent over the same period of 2021. The Vietnam Coffee and Cocoa Association (VICOFA) has forecast that if the export price stays at the same high level as in the first half of the year, exports will hit a record $4 billion for the year as a whole. As one of 13 key agricultural products in Vietnam, coffee contributes 3 per cent of GDP.

Society

Salary no longer the most important factor for employees

Salary no longer the most important factor for employees

With mass layoffs on the cards, analysts believe that employee retention will remain a top priority for businesses in 2023. Salary was previously the most important factor in attracting talent, but other factors must now be paid due regard, such as remuneration, workplace environment, skills development opportunities, and flexible policies.