Vietnam’s stock market will bounce back strongly and develop in both quantity and quality in 2023 to remain an effective capital mobilisation channel for the economy, an official has said.

VOV.VN - Statistics recently unveiled by the Foreign Investment Agency (FIA) show registered FDI capital into the Vietnamese economy has fallen slightly while disbursed FDI capital has surged considerably this year.

About VND9 trillion (US$382 million) of public investment capital from foreign sources has been disbursed in the first 11 months this year, accounting for only 26% of the allocated capital.

Ho Chi Minh City licensed 807 foreign invested projects worth US$3.54 billion in the first 11 months of this year, up 3.3% in value from a year earlier, according to the General Statistics Office.

VOV.VN - Prime Minister Pham Minh Chinh urged all sectors and localities to drastically and synchronously implement tasks and solutions aimed at fulfilling all targets set for this year, while chairing a regular monthly cabinet meeting on December 1 in Hanoi.

There were no new IPO deals in Vietnam in the third quarter of 2022, according to recent data from Deloitte, as the figure was only counted in the first half of the year.

VOV.VN - Vietnam’s outbound investment, including both newly-registered and adjusted capital, exceeded US$474.1 million during the past 11 months, equivalent to approximately 70% of the figure recorded in the corresponding period last year, reported the Ministry of Planning and Investment.

Strong purchasing power and demand have created a fast and strong locomotive for economic growth, and Vietnam is forecast to record a GDP growth rate of over 8% this year, said Executive Chairman of Dragon Capital Dominic Scriven.

Real estate enterprises should actively find alternative funding sources such as foreign direct investment (FDI) capital flow to curb their capital shortage as popular capital mobilisation channels for the realty industry have been tightened.

VOV.VN - Die Welt ("The World"), a German national daily newspaper published an article praising Vietnam's effective policies over the years, which has brought this Southeast Asian country a dynamic and attractive investment environment to foreign investors.