Non-cash payments continue to boom in Vietnam this year as the country has seen a surge in banking transactions and mobile payments in the first four months of the year, according to an official from the State Bank of Vietnam (SBV).
The southern province of Dong Nai reported that its foreign trade in the first four months of the year topped 10.8 billion USD, down 2.67 percent year-on-year but the surplus shot up by 43 percent.
The southern province of Bac Lieu topped the country in attracting foreign investment in the first four months of 2020 with a single project worth 4 billion USD producing electricity from LNG, the Ministry of Planning and Investment’s Foreign Investment Agency (FIA) has reported.
Singapore rose to become the biggest foreign investor in Vietnam in the first four months of 2020 with 5.07 billion USD, accounting for 41 percent of the total.
A total of 83.7 trillion VND (42.51 million USD) in public investment has been disbursed in the first four months of this year, a 12.9-percent increase from a year earlier, according to the General Statistics Office.
Vietnam's export value saw a year-on-year increase of 4.7 percent to an estimated 82.9 billion USD in the first four months of this year, according to the General Statistics Office (GSO).
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