Vietnam invests over 211 million USD abroad in Q1  Business

Vietnam invests over 211 million USD abroad in Q1

Vietnam’s overseas investment reached over 211.45 million USD in the first quarter of 2022, equivalent to nearly 37 percent of that reported in the same period last year, according to the Ministry of Planning and Investment.
Support industry firms face several challenges: Japanese expert Business

Support industry firms face several challenges: Japanese expert

Vietnamese enterprises operating in the support industry, which account for 4.5 percent of the total number of enterprises operating in processing and manufacturing, are facing several challenges, according to Akutsu Michio, consultant of the Japan Association of International Business Consultants.
July industrial production hit hard by pandemic Business

July industrial production hit hard by pandemic

Industrial activities have continued bearing the brunt of the COVID-19 pandemic, resulting in mere growth rates of 1.8 percent month on month and 2.2 percent year on year in the July index of industrial production (IIP) - the slowest pace in seven months.
Despite COVID-19, industrial production index up Business

Despite COVID-19, industrial production index up

According to the General Statistic Office, in the first 5 months of this year, the industrial production index of Vietnam increased over the same period in 2020 despite the complicated developments of the COVID-19 pandemic.
Four-month FDI totals 12.25 billion USD Business

Four-month FDI totals 12.25 billion USD

In the first four months to April 20, foreign investors pumped 12.25 billion USD in Vietnam, equal to 99.3 percent of the amount recorded in the same period last year.
Q1 growth in Quang Ninh doubles national average Business

Q1 growth in Quang Ninh doubles national average

Hit hard by a resurgence of COVID-19 in the first quarter, the northern province of Quang Ninh nonetheless posted gross regional domestic product (GRDP) growth of 9.02 percent, or double the national average, data shows.
GDP growth target of 6.5-percent remains major challenge: Deputy Minister Business

GDP growth target of 6.5-percent remains major challenge: Deputy Minister

Vietnam's gross domestic product (GDP) growth in the first quarter of 2021 was 4.48 percent, lower than the 5.2 percent scenario projected for the “new normal” situation, said Deputy Minister of Planning and Investment Tran Quoc Phuong, noting that this adds more pressure on the remaining months of this year so the target of 6.5-percent growth can be achieved.
Processing-manufacturing takes lead in FDI attraction Business

Processing-manufacturing takes lead in FDI attraction

The processing and manufacturing sector took the lead in attracting foreign investment in the first three months to March 20, absorbing over 5 billion USD, or 49.6 percent, announced the Foreign Investment Agency (FIA) at the Ministry of Planning and Investment.