Vietreader's Business section covers Vietnam's business and economy. It reports on tech, retail, finance, startups, entrepreneurship, and more
Considered a locality with much room for development, Quang Ngai has the opportunity to become a priority choice for international partners shortly.
In the first 9 months of 2023, Vietnam's agricultural exports to China amounted to more than 6.2 billion USD, a record-high number.
The representative of China Transport Construction Group wishes to participate in investing in the construction of the North-South high-speed railway and many important traffic projects in Vietnam.
Intel Corporation, one of the leading private enterprises in the United States, has begun operating in Vietnam since 2006. Up to now, the total investment capital of this group in Vietnam is approximately 1,5 billion USD
This "gold mine" can bring Vietnam 34,000-40,000 billion VND each year.
The export price of this product in the first 9 months of the year plummeted by 35.5% compared to the same period.
The quarterly Business Confidence Index (BCI) of the European Chamber (EuroCham) of Commerce in Vietnam shows that more than half of those surveyed predict increasing foreign direct investment in Vietnam when 2023 is almost over.
New logistics centers are planned to handle 60-70% of the total goods volume of Dong Nai province ( Vietnam ), while the remaining centers and areas providing traditional logistics services will take on 30-40%.
Currently, transportation costs over Vietnam's total logistics costs are at a very high level, up to more than 60%, about twice as high as other countries. While transportation costs only account for 30-40% of total logistics costs. This is a very large number.
According to experts, experience in developing high-speed railways in other countries shows that we should invest in new, modern lines instead of renovating and using old infrastructure.
After 3 great welcoming "giants" Honda, Samsung, and Aeon, Vietnam is about to witness the fourth foreign investment boom, especially from the US.
According to KBSV, good credit recovery will impulse the net interest income. In addition, NIM and non-performing loan ( NPL ) control of the banking industry are expected to become more positive in the year-end period.
After President Joe Biden's visit last month, Vietnam may be about to welcome a new wave of investment.
Besides many opinions that Hanoi should not build a second airport, some experts believe there should be more airports for the country's Capital of 100 million people in addition to the current Noi Bai.
The business said rates are adjusted annually, considering many factors, including inflation.
The World Trade Organization (WTO) forecasts that global trade growth in 2023 will only reach 0.8%, down by half compared to before.