The latest data shows strong recovery in online food delivery transactions and growth in Vietnamese GoFood merchants’ businesses, with merchants; average sales in H1 2022 increasing nearly 3x on average as compared to the same period in 2021.
HDBank (ticker code HDB) announces business results for the first half of 2022 with profit before tax reached VND5.304 trillion, up 26.5% year-over-year and fulfilled 54% of annual budget. Parent bank’s fee income rose 113% year-over-year and separate NPL ratio was only 0.93%.
Standard Chartered economists expect the State Bank of Vietnam (SBV) to keep the policy rate on hold at 4.0% in 2022 to support economic growth and businesses, despite rising inflation.
Inflation in developing Asia and the Pacific is predicted to accelerate to 4.2% this year, compared with a previous forecast of 3.7%. However, inflation pressure in the region as a whole is still lower than elsewhere in the world.
Gojek, Southeast Asia’s leading mobile on-demand platform, has deployed outdoor “talking billboards” in Hanoi and Ho Chi Minh City (HCMC), making it the first brand in Vietnam to utilize this new form of outdoor advertising.
Vietnam’s 100 million people are among the most vulnerable in the world to climate impacts, facing hazards along the country’s 3,260-km long coastline and extensive low-lying regions.
Standard Chartered Bank expects the State Bank of Vietnam (SBV) to keep the policy rate on hold at 4.0% in 2022 and policy normalisation to take place in Q4-2023, with a 50bps hike to 4.5%.
As elsewhere, COVID-19 led to disruptions to economic activity. In 2020, successful containment measures coupled with supportive policies made Vietnam the regional top-performing economy.
ASEAN countries are grappling with increasing costs of climate change, which add to the existing investment needs of $210 billion per year for infrastructure in the region and exacerbate the heightened vulnerability of people and the economy after the COVID-19 pandemic.
HSBC expects Vietnam’s economy to grow 6.9% in 2022, likely topping the region. That said, HSBC trims 2023 growth forecast to 6.3%, taking account of mounting downside risks, particularly from the energy side.
Thanks to the close coordination between relevant agencies, PP22 events further enhanced the comprehensive partnership between Vietnam and the United States as well as the friendship and cooperation between Vietnam and all the participating countries.
Nearly 80 delegates from state agencies, research institutes and companies attended the seminar and participated actively in the discussion on the draft framework of the National Action Plan on CE for Vietnam.
Vietnam naturally stands out: Vietnam has turned itself into a rising star in global supply chains, gaining substantial global market share in sectors, including textiles, footwear and consumer electronics.
The $22.8 billion committed in 2021 includes loans and guarantees, grants, equity investments, and technical assistance provided to governments and the private sector. In addition, ADB mobilized $12.9 billion in cofinancing.
The bilateral partnership agreement as amended will expand our joint efforts to strengthen private sector competitiveness, innovation and startup ecosystems, human capital, and local capacity building.
The 2022 Vietnam Expo gives a special welcome to representation of Korea as the Guest of Honor Country and its significance is to deliver potential business opportunities under the trade promotion and partnerships between Vietnam and Korea’s enterprises.
Standard Chartered Bank maintains its 2022 and 2023 inflation forecasts of 4.2% and 5.5%, respectively. Supply-side factors pose upside risks to inflation, particularly given the ongoing.
Risks to the bright outlook are a renewed COVID-19 wave and a slower-than-expected global economic recovery.
The loan will support LDC’s operations in India, Indonesia, Pakistan, Thailand, and Viet Nam by financing coffee, cotton, and rice inventories for over 50,000 smallholder farmers across these countries.
USAID/Vietnam Mission Director Ann Marie Yastishock and MPI Vice Minister Tran Duy Dong were joined by the Director of MPI’s National Innovation Center and leaders from 13 provinces in the Mekong Region for the formal launching ceremony in Can Tho.
However, uncertainties stemming from the Russian invasion of Ukraine, the continuing coronavirus disease (COVID-19) pandemic, and tightening by the United States Federal Reserve pose risks to the outlook.