The Republic of Korea (RoK)’s exports to Vietnam enjoyed a year-on-year surge of nearly 50 percent in the first seven months of 2017, making the Southeast Asian country the third biggest importer of RoK goods.
Vietnam’s export revenue to Algeria rose 37 percent year-on-year to 190 million USD in the first half of the year, according to Vietnamese Commercial Affairs Office in Algeria under the Ministry of Industry and Trade.
The total premium collected by insurance companies in Vietnam in the first half of 2017 has grown 21 percent year-on-year to 47.17 trillion VND (1.8 billion USD).
Indexes for 2017 second quarter reflected Vietnam’s increasing dependence on foreign direct investment (FDI), said the Vietnam Institute for Economic and Policy Research (VEPR) in its recent report on the performance of the economy in the quarter.
In the first two quarters of this year, 61,276 enterprises were formed, with total registered capital of over 596 trillion VND (more than 26.2 billion USD), according the Ministry of Planning and Investment’s National Enterprise Information and Registration System.
Millions of Vietnamese throughout the country poured into the streets on the night of January 27 to welcome the 2017 Lunar New Year, hoping and praying for a prosperous new beginning.
Labour export is an effective channel to create employment, contributing to improving the living condiion for labourers while bringing home remarkable amounts of remittances.
Hanoi attracted 445 foreign invested projects with total registered capital of 2.8 billion USD between January and October, rising by 2.6 times from the same period of 2015.
Vietnam’s gross domestic product (GDP) in the first nine months of 2016 expanded by 5.93 percent from a year earlier, according to the General Statistics Office (GSO).
The Index of Industrial Production (IIP) in the first half of 2016 grew by 7.5 percent from a year earlier, compared to the 9.7 percent recorded for the same period last year.
The country's seafood exports fell to an estimated 6.72 billion USD in 2015, down 14.3 percent over 2014 and 10.4 percent compared with this year's target.
The total consumption of cement till September 2015 rose 3 percent against the same period of last year to 52.11 million tonnes, according to the Ministry of Construction.