While many plastic enterprises reported positive results in both revenue and profits in the fourth quarter of last year, there are still enterprises reporting a decline in profits, even suffering losses.
The northern port city of Hai Phong topped localities across the country in foreign direct investment (FDI) attraction in 2021, drawing over 5.14 billion USD, up nearly 3.4 times over that in the same period last year.
Leaders of the northern province of Ha Nam on January 13 held a meeting with foreign investors to listen to their feedback, aiming to seek measures to remove obstacles and difficulties in their production and business activities.
The northern port city of Hai Phong is working to continue to improve its business and investment environment to attract large investors and maintain its leading position in investment attraction.
Low labour cost, favourable geographic location and the expansion of investment abroad are three key factors helping Vietnam secure its foreign direct investment (FDI) attraction, according to Chief economist VinaCapital Michael Kokalari.
The Ministry of Industry and Trade (MoIT) has said this year it will closely coordinate with several foreign multinationals like Samsung and Toyota to connect with local suppliers of materials and accessories, in an effort to seek alternative supply for imports in both short and long terms.
The total new, adjusted capital and share purchases by foreign investors reached 31.15 billion USD as of December 20, up 9.2 percent annually, reported the Foreign Investment Agency.
Vietnam’s industrial production recorded an increase of 4.82 percent in added value compared to 2020, according to figures from the General Statistics Office (GSO).
The inflow of foreign direct investment (FDI) into Ho Chi Minh City hit 3.74 billion USD in 2021, down 14.2 per cent year-on-year, according to the municipal Department of Planning and Investment.
The inflow of foreign direct investment (FDI) into Ho Chi Minh City hit 3.74 billion USD in 2021, down 14.2 percent year-on-year, according to the municipal Department of Planning and Investment.
The highest bonus for the upcoming Lunar New Year (Tet) holiday has been reported at 1.3 billion VND (nearly 57,000 USD) in a foreign-invested business in Ho Chi Minh City, according to the municipal Department of Labour, Invalids and Social Affairs
With import and export values hitting nearly 39 billion USD and over 45 billion USD in 2021 respectively, the northern province of Bac Ninh posted a trade surplus of more than 6.4 billion USD, said the provincial statistics department at its meeting on December 28.
The total new, adjusted capital and share purchases by foreign investors reached 31.15 billion USD as of December 20, up 9.2 percent annually, reported the Foreign Investment Agency (FIA).
Vietnam has fulfilled a number of economic targets this year despite impacts of the COVID-19 pandemic, becoming one of the top 20 economies in the world in terms of international trade.
Australia’s investment in Vietnam would grow further in the coming time thanks to free trade agreements (FTAs), heard a workshop held virtually in Hanoi on December 22.
Vietnam should improve its legal framework to maintain the attractiveness of the domestic investment environment to foreign firms, Vu Tien Loc, President of the Vietnam International Arbitration Centre (VIAC) has said.
Foreign-invested enterprises have shown optimism about the recovery of Vietnam’s economic and investment climate during a conference on supporting foreign investors to adapt to new normal business situation that took place in Ho Chi Minh City on December 17.
Vietnam’s footwear exports are likely to grow 5 percent this year although COVID-19-induced supply chain disruptions caused decreases in August and September, according to Phan Thi Thanh Xuan, Secretary-General of the Vietnam Leather, Footwear and Handbag Association (Lefaso).
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