Foreign direct investment (FDI) flows into the Philippines in the first quarter of this year rose to 2.2 billion USD, an increase of 43.5 percent from the same period last year.
The Philippine economy grew by 6.8 percent in the first quarter of 2018, faster than the growth recorded in the same quarter of 2017, the Philippine Statistics Authority (PSA) reported on May 10.
PetroVietnam Power Corporation (PV Power) recorded a consolidated net profit of 780 billion VND (34.2 million USD) in the first quarter, a growth of 30.6 percent against the same period of last year.
Thailand was the world's rice top exporter in the January to March period with 2.78 million tonnes shipped abroad, up 3.1 percent year-on-year, according to the Thai Rice Exporters Association.
Vietnam’s textile and garment exports to the US reached approximately 3.14 billion USD in the first quarter of this year, marking a year on year increase of 13.2 percent.
ASEAN, the European Union and the United States were the top three trade partners of China, which together accounted for 41.2 percent of the country’s total trade turnover in the first quarter of 2018, according to the Chinese General Administration of Customs (GAC).
Vietnam posted an impressive growth rate of 7.38 percent in the first quarter of 2018, but there remain many problems behind this 10-year high expansion, many experts said at the April 10 launch of a report on the country’s macro-economy in Q1.
Hoa Phat Group, a major industrial production group in Vietnam, manufactured 542,000 tonnes of steel in the first quarter of 2018, up nearly 10 percent year on year.
Vietnam gained 934 million USD from fruit and vegetable exports in the first quarter of 2018, up 33.4 percent from the same period last year with China, Japan and the United States remaining top importers.
A total of 1,285 deals were made by foreign investors to contribute capital to and buy shares of Vietnamese businesses with total capital of 1.89 billion USD in the first quarter of this year, up 121.6 percent against the same period last year.
Ho Chi Minh City continued enjoying growth in State budget collection in the first quarter of 2018, however, revenues from several sectors, especially import-export activities are forecast to fall, affecting the city’s budget collection this year.
Vietnam’s manufacturing and processing industry is optimistic for the second quarter of 2018, with 91 percent of enterprises in the industry predicting production volume to expand or stay flat from the first three months of the year
Hanoi’s export turnover hit 3.15 billion USD in the first quarter of 2018, representing a year-on-year increase of 16.9 percent, according to the municipal Department of Industry and Trade.
The level-2 field hospital of the Military Hospital 175 is ready to participate in the United Nations peacekeeping missions in South Sudan in the first quarter of this year.
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