Most notable in 2013 was the lowest inflation rate in 10 years, reaching 6.04% and less than 8% plan passed earlier this year. Total domestic product (GDP) growth estimate of 5.42%. This increase but 5.5% lower than the target set but higher than the rate of 5.25% in 2012.
Credit growth in 2013 war estimated to be 8.83%, but less than 12% but the plan is still higher than in 2012.
2. Interest rates down to the lowest.
In 2013, The State Banks of Vietnam has dropped 2% operating interest rates, down 3%/year interest rates for short-term loans to priority sector; decreased 1% maximum rate applies to money post from last June and allow the credit institution itself fixed interest rate period of 6 months or more.
Meanwhile, the exchange rate adjustment in 2013 only 1.3%, lower than the target of 2-3% SBV set. At the end of year exchange rates at the commercial banks listed inb the popular 21,085 - 21,125(buy-sell), lower than the 21,100-21,246 VND/USD at the Exchange State Bank.
3. Gold prices fell 11.6 milion, the first gold bar tender.
At the end of the day 30/12/2013, JSC gold buying selling at 34.62-34.92 milion/tael. Compared to early 2013, the domestic gold price has decreased by 11.62 milion/tael, a record decline. Gold investment chanels are not deemed "safe shelter" in 2013.
The auction sale was the first central bank gold bars held on 28/03/2013 with number 26,000 tael offered. As of December 12/20/2013 auction have been held with 75 auctions, the central bank sold 1.7999 milion taels (equivalent to 69.2 tonnes) of the toal bib amount of 1.912 milion.
The difference between domestic and world prices decreased from 6.6 milion currently to about 4 milion/tael.
4. The stock market recovered strongly
The stock market has been a year of recovery and strong growth. The stock price index increased compare weth the end of 2012. As of the date of 12/24/2013, the VN-Index gained 22.2% while HNX-Index is 19.32%. Foreign capital inflows up 54% rotation.
VN to become one of the countries with stock market growth in the world.
5. Delpoying 30,000 billion credit package.
Pursuant to Resolution No. 02 of the Government and the SBV issued Circular 11 to 30,000 billion credit package loans for social housing support. The package is expected credit is one of the fundamental solution for removing tough real estate market. But so far, the disbursement rate credit package is still slow.
According to the Ministry of Construction to mid-December of 2013, 30,000 billion incentive package for housing development disbursed only reached 555 billion, less than 2% total capital expected.
6. Hearing of corruption case in modern economic sectors.
At the end of 2013 is a time of great trial court deluge of corruption in the economic field, including projects related to age 8 banks are being brought to trial. Typically, a corruption case in modern financial leasing company under Argibank II(ALC II) causing loss of nearly 532 billion of state to be tried in November of 2013 with two death penalty.
"Supper trick" case of Huynh Thi Huyen Nhu and 22 accomplices appropriated 4,900 billion more will be brought to trial from 6th to 25th, January of 2014. Mr.Kien case with 6 accomplices damaging nearly 1,700 billion will be heard in January of 2014.
7. Negotiating Agreement Trans-Pacific Trade.
Official involved in the negotiating on the Agreement on Trans-Pacific Trade(TPP), VN is the multiview content longer "negotiate" compared to other countries.
TPP sets a standard for free trade and investment in the future, if VN successful negotiations with TPP will overcome difficulties to participate in the negotiation of free trade agreement that VN implementing other as the FTA with the European Union(EU), the Customs Union Russia, Belarus, Kazakhstan,...
TPP new milestone as from the 17th round of talks in Peru, Japan officially joined as the 12th member. Although expected before the end of 2013 but far TPP remains in unfinished because many issues have yet to find a consensus.
If concluded negotiations and signed agreements will be successful on 90% of tariff lines with import and export of goods with 12 countries: Australia, Brunei, Chile, Canada, USA, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the U.S and Vietnam is lowered to 0%.
8. Transfer Pricing Survey FDI.
According to the General Statistics office, up to 15th of December, all newly registered FDI capital increased by 21.6 billion USD, an increase of 54.5% over the same period in 2012. FDI disbursement in 2013 was estimate at 11.5 billion USD, up 9.9% from 2012. These are impressive numbers in the difficult period of the world economy.
Along with a attraction of foreign investment(FDI), 2013 aslo saw the fight against transfer pricing in the bussiness of managing agency FDI adrenaline. The typical transfer pricing behavior has been talking place in VN increasingly sophisticated. Dozens of large enterprise were also put under the tax service "questionable transfer pricing" but so far no "project" are spoken.
9. M&A banks most active.
In 2013, active trading and mergers in the banking sector vibrant place ever. In September, Western Bank merged with the PVFC Mass Bank(PvcomBank), a new group of investors bought 85% stake TrustBank and renamed Construction Bank Vietnam.
The merger notable in 2013 was merged HD Bank with DaiA Bank. After the merger, the name DaiA Bank erased on the market. In addition, HD Bank also purchased Financial SGVF French...
10. Chinese traders purchasing argricultural, famers fooled.
2013 a series of cases brought up by Chinese traders mainpulating the materials of VN. All investments in specialized areas in Vinh Long yam, Chinese buy collectors jumped Bac Lieu crab, shrimp purchase of raw materials, agricultural product...make farmers become confused.
China's approach often use is increasing - lowering prices dramatically, combined mass procurement or cancel transaction batch to create the initiative to capture the market-including rice market.
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