KTFA: Vietnam: 

Henig:  Seeking driving force for 2023 economic growth

06:00 | 01/02/2023

(VEN) - On the threshold of the New Year, economist Dr. Nguyen Dinh Cung, former director of the Central Institute for Economic Management, sums up the Vietnamese economy’s 2022 results and provides his forecast for 2023 growth.

Growth exceeds forecast

In 2022, the positive growth of the Vietnamese economy exceeded the forecasts of domestic and foreign economists and organizations. In the first three quarters of the year, Vietnam’s gross domestic product (GDP) increased 8.83 percent compared with the same period of 2021 - the highest nine-month GDP growth since 2011. Notably, in the third quarter, according to data from the General Statistics Office of Vietnam, the GDP grew 13.67 percent year-on-year.

KTFA: Vietnem: 

Henig:  Technology and telecommunications businesses benefit from digital economy

January, 31/2023 - 08:06

Even under the attraction of the field of telecommunications technology, mergers and acquisitions activities in this industry have been promoted.

HÀ NỘI — Technology and telecommunications businesses are expected to continue to benefit from the growth of the digital economy.

Even under the attraction of the field of telecommunications technology, mergers and acquisitions activities in this industry have been promoted.

Analyst Chu Đức Toàn from VNDirect Securities Joint Stock Company said the digital transformation revenue growth rate is expected to be up 18 per cent this year compared to last year and could double that of traditional IT services, showing great potential in the market.

KTFA: Vietnam

Henig:  Tourism is back, big time

06:00 | 30/01/2023

(VEN) - Although it failed to achieve the goal of welcoming five million foreign tourists in 2022, major tourism sector efforts have resulted in its strong recovery during the final months of the year, promising even more positive changes in 2023.

Rebound in foreign visitors

Vietnam fully reopened its borders to tourists on March 15, 2022. In late April 2022, it stopped requiring health declarations for arrivals and since May 15, all COVID-19 test requirements for visitors have been dropped.

KTFA:  Vietnam

Henig:  Việt Nam among world’s 10 biggest recipients of remittances

January, 29/2023 - 12:44

Despite the COVID-19 pandemic’s major impacts on the global economy over the last two years and growing inflation in many countries, remittance flows into Việt Nam remained relatively stable compared to previous years, the report noted.

HÀ NỘI — Việt Nam remains one of the 10 countries receiving the most remittances in the world, according to the recent Migration and Development Brief by the World Bank and the Global Knowledge Partnership on Migration and Development (KNOMAD).

KTFA: Vietnam

Henig:  Toyota joins hands with local auto supporting industry firms

January, 28/2023 - 09:04

Domestic manufacturers have paid much attention to enhancing localisation rate by investing more in supporting industries. Auto supporting industry is not apart from that process, as localisation rate has gradually help reduce import of components.

HÀ NỘI — Việt Nam's manufacturers have enhanced the localisation rate by investing more in supporting industries. The auto supporting industry is not apart from that process, as increased localisation has gradually helped reduce the importation of components.

From 2018, import tariffs on automobiles from ASEAN countries have been reduced to zero percent for Completely Built Units (CBU), posing a major challenge for domestic manufacturers, who are already facing intense competition from neighboring countries such as Thailand and Indonesia.

Vietnam

Henig:  Positive prospects for Việt Nam stock market this year

January, 27/2023 - 09:03

In some months in 2022, half a million trading accounts were opened. Foreign investors’ net purchases reached a record high. The liquidity of some shares at times reached hundreds of millions of units each trading session.

HÀ NỘI — The market's uptrend will continue to be consolidated in the first trading session of the Year of Cat.

Indices recorded a new high and closed above the resistance area of 1,100 points of VN-Index, equivalent to 1,120 points of the VN30-Index. Although cash flow has not improved much, supply pressure has not put great pressure on the market.

KTFA:

Henig:  The Anti-Corruption Committee arrests the director of contracts and projects in Anbar Governorate

January 25, 2023

Baghdad / Obelisk: The Anti-Corruption Committee executed, on Wednesday, a judicial order and arrested the director of contracts and projects in Anbar Governorate, Anwar Al-Alwani.

A source told Al-Masalla that the intelligence partnered with the Anti-Corruption Committee and carried out the arrest warrant.

In the context, political analyst Azhar Shalal said that Anwar Al-Alwani is the owner of the largest corruption files and gambled with project funds looted from the Anbaris' sustenance.

Shalal added that he owns billions, all of which were stolen from the province's projects.  LINK