Total outbound Vietnamese investment reached 431.7 million USD in the first nine months of this year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
Hanoi continued to top the list of foreign direct investment destinations in Vietnam in the first 10 months of this year, raking in about 6.85 billion USD, most of which came in form of capital contributions and share purchase.
Vietnam attracted 29.11 billion USD in foreign direct investment (FDI) in the first ten months of 2019, up 4.3 percent over the same period last year, according to the Ministry of Planning and Investment.
The Vietnamese Ministry of Industry and Trade (MoIT)’s Industry Agency and the UN Industrial Development Organisation (UNIDO) on October 22 released the Vietnam Industry White Paper 2019.
Vietnam exported 194.3 billion USD worth of products in the first nine months of the year, a year-on-year surge of 8.2 percent, the Ministry of Industry and Trade said on September 30.
Hanoi raked in about 6.23 billion USD in foreign direct investment (FDI) during the first nine months of this year, continuing to lead the country in FDI attraction, according to the municipal People’s Committee.
Vietnam posted an economic growth of 6.98% in the first nine months of this year. Experts said the result gives momentum for the economy to achieve its yearly target of 6.8 percent.
Prime Minister Nguyen Xuan Phuc on October 2 called for greater efforts in the last three months of 2019 to complete the yearly targets, thus creating the premise for 2020 when Party congresses at all levels will be organised, towards the 13th National Party Congress.
Hanoi led 59 cities and provinces receiving foreign direct investment (FDI) in the first nine months of this year by luring 6.15 billion USD, or 23.5 percent of the total FDI that Vietnam got in the period.
Prime Minister Nguyen Xuan Phuc emphasized the need to facilitate the development of the mechanical engineering industry while addressing a conference in Hanoi on September 24.
The south-central province of Binh Thuan has strived to improve its infrastructure and offers numerous incentives to investors, said Chairman of the provincial People’s Committee Nguyen Ngoc Hai.
A delegation from Vietnam’s northern province of Vinh Phuc has hosted a workshop in Washington, the US, to introduce investment opportunities in the province to potential investors.
The industrial production index in the first eight months of 2019 saw good growth of 9.5 percent year on year, according to figures released by the General Statistics Office (GSO).
The General Department of Vietnam Customs (GDVC) has ordered customs agencies in provinces and cities to intensify inspections to fight origin-related frauds, violations of intellectual property (IP) rights and illegal transport of import-export goods.
A Vietnam-Poland trade exchange programme has been held in Ho Chi Minh City, giving a chance for businesses of both nations to seek partnerships in various fields.
Taiwanese FDI firms in the southern province of Binh Duong reported that they are having troubles recruiting workers, in a meeting with local administration on August 21.
Vietnam has emerged as a destination for large tech firms as the trade dispute between the US and China continues to intensify with no end in sight. However, whether and how much Vietnam can take advantage of the shifting FDI flow out of China remains to be seen.
About 89.4 percent of surveyed processing and manufacturing enterprises expected their production output would increase and remain stable in the third quarter of 2019, according to the General Statistics Office (GSO).
According to the Ministry of Industry and Trade, currently many industrial firms of Vietnam have not mastered the core technology, and they mainly join sections of low technological contents.
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