The Vietnam – Romania Joint Committee on Economic Cooperation convened its 16th session in Bucharest, Romania on October 4 under the chair of Vietnamese Minister of Industry and Trade Nguyen Tuan Anh and Romanian Minister for Business Environment, Commerce and Entrepreneurship Stefani Radu Oprea.
The Ministry of Construction (MoC) plans to start releasing quarterly reports on the domestic real estate market to increase transparency, Minister of Construction Pham Hong Ha said at a recent ministry meeting.
Hong Kong (China) topped the list of 95 countries and territories investing in Vietnam in the January-June period, with a total investment of 5.3 billion USD, making up 28.7 percent of the new foreign direct investment (FDI) inflow into the country.
Policies to develop the industrial sector will be the key to keeping Vietnam’s out of the middle income trap, experts said at a workshop in Hanoi on May 23.
The industrial production index (IIP) for the first four months of this year increased by an estimated 9.2 percent year on year, according to the General Statistics Office (GSO).
Hong Kong (China) topped the list of 66 countries and territories investing in Vietnam in January-February with a total investment of 4.3 billion USD, making up 51 percent of the new FDI inflow into the country.
As of February 20, foreign investors have poured 8.47 billion USD into Vietnam, 2.5 times higher than the same period last year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
The Ministry of Industry and Trade sees supporting the manufacturing and processing industry as the key to boosting socio-economic development this year.
Most firms in the manufacturing and processing industry were optimistic about their production and business activities for the first quarter of 2019, according to a survey by the General Statistics Office (GSO).
Vietnam relies heavily on imported machinery and equipment from China, and experts are worried the country might become a landfill of outdated technologies, urging measures to tighten the import of second-hand machinery and equipment.
Prime Minister Nguyen Xuan Phuc has requested that private industrial firms be developed, with a focus on innovative startups and the support industry.
The central city of Da Nang always appreciates the contributions of Japanese enterprises to its socio-economic achievements in 30 years attracting foreign direct investment (FDI) into Vietnam.
Vietnam registered to invest 303.5 million USD abroad in the first 11 months of this year, plus 55 million USD worth of additional capital for existing overseas projects.
More than 96,600 new enterprises were founded in the first nine months of 2018 with a total registered capital of 963.4 trillion VND (41.3 billion USD), representing year-on-year rises of 2.8 percent and 6.7 percent, respectively.
More than 26,700 enterprises were established in Vietnam in the first three months of the year, with total registered capital of nearly 278.5 trillion VND (12.25 billion USD), according to the Agency of Business Registration under the Ministry of Planning and Investment.
Industry is forecast to lead all sectors in terms of growth at 6.87 percent each in the first quarter of 2018, according to the National Centre for Socio-Economic Information and Forecast (NCIF).
Foreign investors poured a total of 77.6 million USD into the real estate market in January, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
SMEs in industrial production were urged to develop green growth strategies to improve business efficiency and protect the environment, experts said at a conference on November 29.
Vietnam’s manufacturing and processing industry attracted 12,075 foreign-invested projects with a total registered capital of 180.68 billion USD as of late June.
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