Vietnamplus

Vietnam has been named one of the rising stars of global trade with the sixth position among the top 20 markets with the greatest potential for future trade growth, according to a recent report by Standard Chartered.

Prime Minister Nguyen Xuan Phuc has signed Directive 25/CT-TG on measures to promote sustainable growth and development of the northern key economic zone.

Industrial property in the Northern Key Economic Zone (NKEZ) saw strong development in the third quarter of this year, according to Jones Lang LaSalle firm (JLL Vietnam).

Close to 200 businesses representing over 270,000 enterprises in Hanoi were honoured at a programme held at the Opera House on October 11 night for their outstanding performance as well as their important contributions to the development of the capital city and the nation.

The Vietnam Textile and Garment Group (Vinatex) has projected its export turnover to reach 2.89 billion USD in 2019, up 1 percent from last year and meeting 97.6 percent of the yearly target.

Hanoi’s efforts to boost economic development have paid off, cementing the capital’s place as an economic locomotive of Vietnam.

Vietnam is a bright spot in foreign direct investment (FDI) attraction in Southeast Asia, said Sam Cheong Chwee, Executive Director and Head of United Overseas Bank (UOB) Group’s Foreign Direct Investment Advisory Unit at UOB.

The medium-term outlook for the Vietnamese economy is broadly positive despite persistent downside risks, the World Bank (WB) said in its East Asia and Pacific Economic Update released on October 10.

Hanoi raked in about 6.23 billion USD in foreign direct investment (FDI) during the first nine months of this year, continuing to lead the country in FDI attraction, according to the municipal People’s Committee.

The northern province of Vinh Phuc has become popular among both domestic and foreign investors as a friendly and promising destination for successful projects.

Prices of Grade A offices in the capital have been forecast to rise over the next three years by seven per cent annually due to low supply.

Industrial production value of the northern province of Hai Duong hit 174.6 trillion VND (over 7.5 billion USD) in the first nine months of 2019, equivalent to 84.1 percent of the plan set for the year, and up 12.3 percent against that of the same period last year.

Indonesia’s Ministry of Trade will revise 18 ministerial regulations considered to be hampering exports and investments, said the country’s officials recently.

The southern province of Binh Phuoc has so far this year attracted 224 foreign-invested projects,with over 2.2 billion USD of FDI disbursed.

The northern province of Vinh Phuc saw good economic growth in the first nine months of this year with high results in the majority of areas.

Prime Minister Nguyen Xuan Phuc on October 2 called for greater efforts in the last three months of 2019 to complete the yearly targets, thus creating the premise for 2020 when Party congresses at all levels will be organised, towards the 13th National Party Congress.

The capital city of Hanoi recorded impressive socio-economic development results in the first nine months of this year, with a gross domestic product (GDP) growth of 7.35 percent, up from the 6.95 percent expansion recorded in the same period last year.

The northern province of Hai Duong has made drastic efforts to accelerate international integration in recent years.

Vietnam exported 194.3 billion USD worth of products in the first nine months of the year, a year-on-year surge of 8.2 percent, the Ministry of Industry and Trade said on September 30.

Hanoi led 59 cities and provinces receiving foreign direct investment (FDI) in the first nine months of this year by luring 6.15 billion USD, or 23.5 percent of the total FDI that Vietnam got in the period.