Various recommendations have been put forward at the Vietnam Business Forum (VBF) 2022 to revive and sustainably develop the economy in the face of adverse impacts from the COVID-19.
A workshop was held on October 21 to publish the national report on the progress of the five-year implementation of the Sustainable Development Goals (SDGs), during which experts pointed out that Vietnam should strive harder to achieve the goals by 2030.
Vietnam’s overseas investment surged 74.1 percent year on year to 575 million USD in the first eight months of 2021, according to the Ministry of Planning and Investment.
Disbursement of foreign direct investment (FDI) capital in Vietnam hit 11.58 billion USD this year to August 20, an increase of 2 percent compared to the same period last year, according to the Ministry of Planning and Investment.
The Government considers the prevention and control of the COVID-19 pandemic the most important and urgent task at present, urging ministries, sectors and localities to exert all efforts to fight the pandemic and ensure sustainable growth.
A Vietnam Innovation Network in the Republic of Korea (VINK) is slated to make its debut on July 31, according to the Vietnamese Ministry of Science and Technology (MoST).
The Ministry of Planning and Investment (MoPI) has devised two growth scenarios for the second half of 2021, said Deputy Minister Tran Quoc Phuong.
Overseas investment by Vietnamese firms neared 547 million USD in the first half of 2021, rising close to 2.5 folds against the same period last year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
The multidimensional poverty rate in Vietnam reduced from 9.9 percent in 2016 to 4.5 percent in last year, according to the General Statistics Office (GSO) under the Ministry of Planning and Investment.
The manufacturing and processing sector has taken the lead in attracting foreign direct investment (FDI) since the beginning of this year, pulling in 6.1 billion USD, or over 43 percent of the total.
Despite the complex developments of the COVID-19 pandemic, Vietnam’s overall macro-economy remains stable, with encouraging growth seen in industries and a low rise of average consumer price index (CPI).
Vietnam has been chosen among leading destinations in Southeast Asia by Japanese investors, Nakajima Takeo, Chief Representative of the Japan External Trade Organisation (JETRO) in Hanoi, has said.
Local industrial parks (IPs) and economic zones (EZs) attracted about 6.02 billion USD in both registered capital of 291 new foreign-invested projects and additional capital into existing ones in the first five months of 2021, an increase of about 10.3 percent year-on-year, the Ministry of Planning and Investment (MPI) has reported.
Vietnam is still a popular investment destination for foreign investors, who poured 14 billion USD into the country during the first five months of the year.
Vietnam’s success in the fight against COVID-19 and its overall stability have increased its competitiveness and resulted in positive outcomes in foreign direct investment (FDI) attraction since the start of the year, Director of the Foreign Investment Agency under the Ministry of Planning and Investment, Do Nhat Hoang, has said.
Vietnam’s index of industrial production (IIP) in April is estimated to rise by 24.1 percent year-on-year, driven by the positive impact of free trade agreements (FTA), according to the General Statistics Office.
The Government needs to immediately start working to promote progress and results it has achieved, said Prime Minister Pham Minh Chinh while chairing a Government meeting on April 15, the first since new Cabinet members were elected at the 11th session of the 14th National Assembly earlier this month.
Vietnam’s economic growth in the first quarter is estimated at 4.48%, higher than the 3.68% posted in the first quarter of last year. However, there is still much to be done to reach the annual target of 6.5%, according to insiders.
Apparel, pharmaceuticals, supporting industries, and renewable energy count among the new driving forces for growth in Vietnam-India trade ties, Bui Trung Thuong, Chief of the Vietnam Trade Office in India, told a recent business forum in the Indian city of Chandigarh.
Resident Representative of the UN Development Programme (UNDP) in Vietnam Caitlin Wiesen promised to closely coordinate with and contribute to the building and implementation of socio-economic development strategies and plans of Vietnam in a recent interview with the Vietnam News Agency (VNA).