SUMMARY
 
Besides some positive points that domestic consumption maintained at a good growth rate, and trade surplus and FDI disbursement reached a high record, many other economic indicators in November 2022 showed difficulties more clearly.
 
Added to the issue about a slow-down of export orders and sales, domestic enterprises also has had obstacles to approach additional capital and has faced pressures of increasing financial expenses (due to exchange rate fluctuation and accelerating interest rate).
 
Specially, many real estate companies have encountered a serious lack of liquidity because of a sudden slow-down in sales, inaccessible to bank credit, and reluctant corporate bond buy-backs before maturity. Even most of them have urgently narrowed their investment scale by postponing in-progress projects, laying off employees, and delaying the payment to contractors.
 
Accordingly, the Government and Ministries have continuously made policies and promulgated solutions in an effort to stabilize the local financial market and to support businesses. In particular,
 
Decree No. 91/2022/ND-CP dated October 30, 2022, about amending and supplementing a number of articles of Decree No. 126/2020/ND-CP. The decree was issued to partially relieve enterprises’ cash flow difficulties. 
The credit growth cap for 2022 has just been extended by 1.5% - 2% (equivalent to 15.5% - 16%) since December 5, 2022. 
In addition, the SBV has prioritized to allocate more "credit room" to commercial banks that commit to reduce or stabilize lending interest rate. Accordingly, as of December 12, 2022, 12 commercial banks have announced programs to reduce lending interest rates from 0.5%-3%/year.
The SBV also requires commercial banks to submit weekly reports on deposit and lending interest rates of new transactions in the period from December 12, 2022.
On December 13, 2022, the Ministry of Finance submitted to the Government a drafted Decree amending and supplementing a number of articles of Decree No. 65/2022/ND-CP.
 
TABLE OF CONTENTS
 
A. OVERVIEW
General perception
Overview of macroeconomic indicators
 
B. VIETNAM MACROECONOMICS
Consumer Price Index (CPI)
Domestic production
Retail & Consumption
Import and export
Group of export goods
Export market
Foreign Direct Investment (FDI)
Business registration status
State budget
Investment capital from the State Budget
 
C. FINANCIAL MARKET
Credit system
Government Bonds
Corporate Bonds
Stock market
D. UPDATE OF SOME KEY INDUSTRIES
Transportation
Aviation
Steel
Cement
Textile, Garment and Footwear
Seafood
Rubber
Fertilizer
Animal feed
Agricultural product
 
E. COMMODITY PRICE
Crude oil price movements and currencies
Price movements of some commodities
Freight rates for some main routes