Real estate remained the second biggest magnet for foreign direct investment (FDI) in 2019, following processing – manufacturing, as it attracted 3.88 billion USD of FDI, equivalent to 10.2 percent of the total registered.
Vietnam recorded a year-on-year increase of 2.79 percent in the consumer price index (CPI) in 2019, the lowest level in the past three years, the General Statistics Office (GSO) said on December 27.
Deputy Prime Minister Vuong Dinh Hue stated that this year’s inflation is controllable, at 3.3 – 3.9 percent, while chairing a November 18 meeting on the recent surge in prices of pork, an essential foodstuff.
Ho Chi Minh City authorities are working with local businesses to ensure supply of essential goods under the city’s market stabilisation programme for the Tet (Lunar New Year) holiday.
The southern metropolis of Ho Chi Minh City posted a month-on-month rise of 0.38 percent in the consumer price index (CPI) in October, the municipal Statistics Office reported.
Ten of the 11 categories of main consumer goods and services have recorded price hikes in October, with the strongest month-on-month increase, 1.04 percent, seen in the food and food services group.
With a GDP expansion of 7.31 percent in the third quarter, the growth target of 6.6 – 6.8 percent for 2019 set by the National Assembly is achievable and likely to reach 7.05 percent.
The Steering Committee for Price Management held a meeting in Hanoi on September 27, during which Deputy Prime Minister Vuong Dinh Hue said that if there are no unexpected factors, this year’s inflation can be kept at around 3.3 – 3.5 percent.
Vietnam’s tuna exports to Greece increased 104 percent year-on-year to reach nearly 1.8 million USD by the end of July 2019, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
The southern largest economic hub of Ho Chi Minh City recorded a month-on-month rise of 0.24 percent in the consumer price index (CPI) in August, according to the municipal statistics office.
The State Bank of Vietnam (SBV) said it will closely monitor interest rates offered by credit institutions and take measures to strictly handle violations of the law, including cutting credit growth targets.
The Thai Finance Ministry has set up a committee to shake up the tax structure of the Revenue Department, the Excise Department and the Customs Department, according to Finance Minister Uttama Savanayana.
Banks have increased their interest rates on certificates of deposit (CDs), bringing them in excess of 10 percent per year with the aim of mobilising long-term capital.
China’s yuan (renminbi) has remained above the sensitive level of seven to the US currency for the last three days, hinting that trade friction between the US and China is entering a dangerous phase. The escalating tension between the two world powers is predicted to have negative impacts on Vietnam’s trade in the short term.
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