Vietnam’s overseas investment approximated 416.8 million USD during the first nine months of 2023, rising 4.6% year on year, reported the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
Hanoi recorded nearly 2.53 billion USD in foreign direct investment (FDI) registered during the first nine months of 2023, maintaining its top position in FDI attraction in Vietnam, said the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
The Ministry of Planning and Investment has outlined three potential economic growth scenarios for 2024, with the highest GDP growth rate forecast at 6.5%.
Foreign investment has proven itself as a dynamic economic sector, with significant contributions to the growth of the national economy as well as its integration into the world, heard a recent Hanoi workshop.
Vietnam is soon to introduce a new set of national criteria aimed specifically at speeding the development of green industries in line with international standards, according to the Ministry of Planning and Investment (MPI).
A record number of 103,658 new firms were established in the first eight months of this year, a rise of 2.3% year on year and 1.2 times higher than the average number for the same period during 2018-2022, reported the Ministry of Planning and Investment (MPI).
Vietnam lured close to 18.15 billion USD in foreign direct investment (FDI) from the beginning of this year to August 20, up 8.2% year-on-year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
Growth in Vietnam's southeastern region could reach 8.07% annually during the 2021-2030 period, according to a report by the Institute of Development Strategy under the Ministry of Planning and Investment (MPI).
Vietnam’s economy has begun to gather steam again since the start of the third quarter of this year, helping consolidate confidence of businesses and investors, experts have said.
To reach this year’s GDP growth target of 6.5%, economic expansion in the second half of 2023 must stand at around 9%, which requires harmonious and close coordination among the Government, ministries, sectors, and localities to maximise resources and seize every opportunity, experts have said.
The Ministry of Planning and Investment (MPI) has proposed the government provide further support for Vietnamese small- and medium-sized enterprises (SMEs), including an interest rate reduction of another 2 percentage points per year.
Despite strong efforts and more positive signals recorded, Vietnam’s economic growth stood at only 3.72% in the first half of 2023, putting heavy pressure on the realisation of this year’s GDP growth target of 6.5%, said Deputy Minister of Planning and Investment Tran Quoc Phuong.
The socio-economic situation in July and seven months of this year remained stable, with numerous bright spots, Minister and Chairman of the Government Office Tran Van Son told a press conference in Hanoi on August 5.
The disbursed capital sourced from the state budget topped 291 trillion VND (12.3 billion USD) in the first seven months of 2023, equivalent to 41.3% of the yearly target and rising 22.1% from a year earlier, showing an observable improvement in public investment disbursement, said the General Statistics Office (GSO).
Experts have suggested adjusting foreign investment policies, making them match the evolution of the global economy, amidst the shrinking FDI inflows in the first half of this year.
Vietnam has to date attracted 1,100 foreign-invested projects in real estate, with a total capital of 66.4 billion USD, the Foreign Investment Agency under the Ministry of Planning and Investment has revealed.
The Ministry of Planning and Investment (MPI) topped the Digital Transformation Index (DTI) rankings for 2022, scoring 0.8219 point and up 0.2093 point annually, the Ministry of Information and Communications (MIC) has announced.
Vietnam has to date attracted 37,500 foreign direct investment (FDI) projects worth nearly 450 billion USD, including 1,100 projects in real estate with a total capital of 66.4 billion USD, heard an international workshop in Hanoi on July 13.
The Ministry of Planning and Investment (MPI) has built two scenarios for GDP growth in the second half of the year, based on the situation in the first half.
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