Chủ đề: increase

Rising foreign remittances in recent times have greatly helped the State Bank of Vietnam (SBV)’s management over exchange rates. But as the USD is becoming stronger while remittances only help “contain” the USD/VND exchange rate in the short term, KB Securities Vietnam has forecast that the rate may increase 0.5-1 per cent in 2022.

According to the Vietnam National Administration of Tourism (VNAT), each year the tourism industry needs nearly 40,000 additional workers, but the number of students graduating each year is only about 15,000. Demand in the industry in the 2022-2030 period is forecast to account for 8 per cent of the total.

Vietnam has recorded 6,324 cases of community transmission of Covid-19 in the last week, or nearly 1,000 each day. Many localities have had to change the level of prevention and control. The country has injected over 86 million doses of vaccine to date.

According to a report from the Vietcombank Securities Limited Company (VCBS), the VN-Index is forecast to continue to set new highs in the closing months of 2021, aiming for the threshold of 1,500 points. Trade will also be active in the group of highly speculative small-cap stocks, which are forecast to continue to attract cash flow.

Some steel companies increased their prices on September 24 - the second time prices have increased in less than a month.

Social distancing around Vietnam has limited the supply of coffee in the international market, resulting in prices remaining “relatively high” into 2022.

The prices of houses and certain types of real estate in most localities are on an upwards trajectory. Projects with central locations in major cities have very high prices, at up to VND650-800 million ($28,550-$35,145) per sq m. Despite the prices, however, transaction numbers continue to increase.

Vietnam has posted a trade deficit of $2.7 billion for the first seven months of 2021.

Despite a decline in domestic consumption amid Covid-19, Vietnam’s motor car imports remained high in July, at 17,000 units worth more than $332 million, bringing total imports in the first seven months of the year to nearly 100,000 units worth $2.17 billion, an increase of 116.9 per cent in volume and 111.4 per cent in value over the same period last year.

Food prices increased in July due to certain localities introducing social distancing measures, while petroleum, gas, and electricity prices rose because of higher world fuel prices.

The Ministry of Agriculture and Rural Development has said that food supplies are relatively abundant in Vietnam’s south but consumption has fallen due to social distancing measures being introduced, with some agricultural products now exceeding demand.

Apartment prices in Hanoi are predicted to increase in the time to come due to a range of factors, such as land prices remaining high after a bout of “land fever”, land price brackets being increased by 15 per cent, construction materials and construction investment costs both rising by about 50 per cent, and project approval procedures taking longer due to legal obstacles, leading to higher costs and greater opportunity cost. Primary sales prices for apartments over the next two years may increase 4-6 per cent.