Global political and economic fluctuations in 2022 have affected import and export activities, especially those of enterprises operating in the wood manufacturing and processing industry, making them calculate each step in the year-end period to achieve the set targets.
The Singapore-based United Overseas Bank (UOB) has kept its forecast for Vietnam's GDP growth in 2023 unchanged at 6.6% in line with the official forecast of 6.5%, although growth momentum is likely to be weaker.
Prime Minister Pham Minh Chinh had a working session with key leaders of Quang Ngai on January 1, during which he suggested that the central province should prioritise the processing-manufacturing sector as well as high technology, innovation and digital transformation.
Hanoi recorded year-on-year growth of 8.89% in gross regional domestic product (GRDP) in 2022, higher than the target of 7 - 7.5%, according to the municipal Statistics Office.
Indonesia's trade balance recorded the 31st consecutive month surplus, reaching 5.16 billion USD as of November 30, reported the Statistics Indonesia on December 16.
Malaysia's industrial production index (IPI) rose 4.6% in October, after registering double-digit growth for four consecutive months, according to the Department of Statistics Malaysia (DOSM).
The index of industrial production in the first 11 months of 2022 is estimated to increase by over 8% year-on-year, doubling the 4% of the same period last year.
The southern province of Ba Ria-Vung Tau has planned various measures to remove difficulties facing businesses and boost the growth of the supporting industry.
Ho Chi Minh City licensed 807 foreign invested projects worth 3.54 billion USD in the first 11 months of this year, up 3.3% in value from a year earlier, according to the General Statistics Office.
Da Nang is looking towards building itself into a financial hub in the central region and a duty-free zone, Secretary of the municipal Party Committee Nguyen Van Quang told US Consul General in Ho Chi Minh City Susan Burns during a reception on November 25.
Corporates from the Association of Southeast Asian Nations (ASEAN) are optimistic about their businesses in Vietnam, with 58% having existing or future plans to expand sales in the country.
Vietnam is asserting its position in the chip supply chain amid the global chip shortage and the fierce competition among major countries in terms of manufacturing chip-semiconductor and developing microchip industry, according to Sputnik Radio.
Vietnam is becoming more well-known for its supporting and manufacturing industries, especially as the world needs to diversify supply chains due to the impact of the COVID-19 pandemic.
ASM Pacific Technology Limited (ASMPT), the leading global supplier of hardware, software, and service solutions for integrated smart factories in the semiconductor and electronics manufacturing industry, has opened an office in Hanoi.
Foreign capital inflows fell whereas disbursed capital rose in the first 10 months of 2022, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
Vietnam’s outbound investment, including both newly-registered and adjusted capital, exceeded 450 million USD in the first 10 months of this year, equivalent to nearly 70% of the figure recorded in the same period last year.