Kien Giang home to 49 FDI projects
The Mekong Delta province of Kien Giang has so far attracted 49 foreign direct investment (FDI) projects with a combined registered capital of over 2.75 billion USD.
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The Mekong Delta province of Kien Giang has so far attracted 49 foreign direct investment (FDI) projects with a combined registered capital of over 2.75 billion USD.
Vietnam’s index of industrial production index (IIP) in May expanded 4.6 percent against the previous month and 10 percent year-on-year, the General Statistics Office said on May 29.
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.
Prime Minister Nguyen Xuan Phuc, his spouse and a high-ranking delegation arrived at Vnukovo 2 airport in Moscow in the evening of May 21 (local time), continuing important activities within the framework of the official visit to Russia at the invitation of host Prime Minister Dmitri Medvedev.
Nearly 90 percent of enterprises operating in processing and manufacturing predict that their production and business would be better or remain stable in the second quarter of 2019, according to the General Statistics Office (GSO).
Prime Minister Nguyen Xuan Phuc’s official visit to Russia from May 20-23 demonstrates that Vietnam treasures the traditional friendship and comprehensive strategic partnership with Russia, and wishes to strengthen the all-round cooperation, especially in economy, trade and investment.
Vietnam’s socio-economic situation in April 2019 witnessed many positive signs with macroeconomic stability and surging aggregate demand, Prime Minister Nguyen Xuan Phuc told a regular cabinet meeting in Hanoi on May 4.
The Vietnamese Dong would remain stable against the US dollar in the near future, supported by the country’s robust foreign direct investment (FDI), a healthy current account surplus, and by the central bank’s active intervention, experts forecast.
Ho Chi Minh City witnessed expansion of industrial activities in the first quarter of this year, recording a 6.24 percent rise in the Index of Industrial Production (IIP), the highest level in the past five years.
A large number of companies from Europe, the Republic of Korea, Japan, and China are choosing to invest in building manufacturing facilities in Vietnam, promising a boost to the development of the industrial property segment.
Participating in global value chains is an inevitable step towards building and developing brands, as well as gaining a firm foothold on the world market, said Le Hoang Tai, deputy head of the Trade Promotion Agency, at an investment promotion workshop in Hanoi on April 11.
The Government has requested ministries, departments and localities to push ahead with economic restructuring towards efficiency and science-technology innovation in 2019.
Prime Minister Nguyen Xuan Phuc has issued Directive 09/CT-TTg, specifying solutions to remove obstacles to production and business activities so as to achieve this year’s growth target.
The national industrial production index (IIP) saw a year-on-year increase of 9.2 percent in the first quarter of this year, according to the General Statistics Office (GSO).
Hanoi has been the country’s top attractor of foreign direct investment (FDI) this year, luring more than than 4.05 billion USD in FDI projects as of March 20, 10 times higher than the same period last year.
Vietnam’s gross domestic product (GDP) expanded 6.79 percent in the first quarter of 2019, heard a press conference in Hanoi on March 29.
The state budget deficit, which regularly remains at a high level, and rising public debt are among the biggest macro-economic risks facing Vietnam, making it more difficult for the government to help the economy head towards growth, said Professor Tran Tho Dat, Principal of the National Economics University (NEU).
A book presenting assessments of Vietnam’s economy in 2018 debuted at the National Economics University (NEU) in Hanoi on March 25.
