The State budget is tight and it is more difficult to access ODA loans, while metro line projects in Ho Chi Minh City need a total investment of VND210.8 trillion ($8.5 billion).
As of mid-November, Vietnam spent about $ 3.24 billion on importing 144,726 cars of all types, up 6.4% in value and 5.9% in number compared with the same period last year.
Vietnam may think about granting more exchange rate flexibility, according to the World Bank, as the Fed is anticipated to keep hiking interest rates.
Vietnam is set to follow Indonesia, South Africa with a climate financing package of at least $11 billion to shift its economy away from coal, boost the rollout of renewable energy sources.
- State Treasury to auction $17 bln worth of G-bonds in 2023 1
- Vietnam collects $76.7 million in taxes from foreign service providers 2
- Wood exports to hit record of $18 billion in 2023 3
- Foreign exchange reserve to climb back to $100B this year: analysts 4
- Vietnam to spend $9 billion to build Ho Chi Minh City - Can Tho Railway 5
- Apple supplier BOE plans new factories in Vietnam 6
In October, Vietnam's rice exports totaled 713,546 tons and were valued at $341,064 million, up 22.3% in volume, 23.9% in value over the previous month, according to the General Department of Customs.
The U.S. Treasury Department has just removed Vietnam from the monitoring list for currency manipulation in its semiannual report to Congress on macroeconomic and foreign-exchange policies of major U.S. trading partners.
M&A activity in the first 10 months of 2022 in Vietnam worth $5.7 billion, a 35.3% decline from the same period last year, according to KPMG Vietnam.
Domestic taxes and import-export taxes brought in VND1,504,773 billion ($60.5 billion), or 106.59% of the year's expected overall number, as of October 31, 2022, according to a State Treasury report.
Vietnam will need nearly VND400 trillion ($16.08 billion) to upgrade its seaport system by 2030, heard a workshop held by the Ministry of Transport in Hanoi on November 8.
Vietnam will continue to face difficulties securing refined petroleum products, its industry and trade minister said on Saturday (Nov 5), as authorities scramble to avert a fuel supply crunch.
Vietnamese consumers purchased 12 tons of gold in the third quarter, increasing 264% year-on-year, according to World Gold Council analysis on trends in global and local gold demand.
On November 5, 2022, Prime Minister Pham Minh Chinh stressed that despite the economy's new problems, Vietnam would continue to adhere to its aim to maintain macroeconomic stability and contain inflation.
LS Electric will complete the transfer of its new factory from Hanoi to Bac Ninh, Vietnam.
Seafood exports to China climbed by 85.2% in the first nine months of 2022 over the same period of 2021, according to latest data from the Ministry of Agriculture and Rural Development.
Cross-border e-commerce in general, and in Vietnam in particular, continues to expand rapidly with positive signs. Vietnam is at a "golden time" for online exports, according to Amazon Global Selling Vietnam
Lender HSBC has raised Vietnam's growth forecast to 7.6% this year thanks to the country's broad-based recovery and significant improvement in the manufacturing sector.