Vietnam’s economic performance in the first 8 months of 2023

Prime Minister Pham Minh Chinh chaired a meeting in Hanoi on May 16 with ministries and agencies to discuss the coordination of fiscal and monetary policies aimed at maintaining macroeconomic stability, controlling inflation and promoting growth.

Corporate bond issuances in April jumped by 29.1% from March and a striking 5.2 times year-on-year to reach 13.94 trillion VND.

The steel industry has affirmed its position by reaching the Top 12 in the world in terms of crude steel production. Not only is the production output growing rapidly, but Vietnamese steel products are also gradually becoming more diverse, according to the Vietnam Steel Association (VSA).

About 81,300 enterprises registered their establishment or resumed operation in the first four months of this year, up 3% over the same period last year, according to data from the General Statistics Office under the Ministry of Planning and Investment. However, there were also 86,400 enterprises that withdrew from the market, up 12.2% over the same period last year, which is much higher than the number of newly established businesses.

Eleven bidders bought a total of 12,300 out of the 16,800 taels of SJC-branded gold bullion that the State Bank of Vietnam (SBV) offered for sale at an auction held on May 16.

Ho Chi Minh City continued to lead the country in terms of export earnings in 2023 with 42.46 billion USD, although this result still decreased by 10.8% compared to 2022, according to the Vietnam Import-Export Report 2023 announced by the Ministry of Industry and Trade (MoIT)’s Agency for Foreign Trade on May 16.

The national flag carrier Vietnam Airlines will offer nearly 300,000 cheap tickets during the upcoming summer peak season.

(TBTCO) - Inflationary pressure may increase between now and the year’s end due to impacts of multiple factors, requiring the Government take proactive and flexible actions, some experts have said.