Investment

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 Consul General of Vietnam in Vancouver, Canada, Nguyen Quang Trung joined a working session with the Premier of British Columbia John Horgan on April 30.

HCM City reported a foreign direct investment (FDI) influx of 1.14 billion USD in the first four months of 2021, posting a year-on-year decline of 12.92 percent.

Prime Minister Pham Minh Chinh has told the Finance Ministry to reform the mindset on policy building in the direction of mobilizing resources from all sources and using all resources in an effective and economical manner.

Leaders of European businesses have started 2021 with optimism about the trade and investment environment in Vietnam, according the Business Climate Index (BCI) for the first quarter of 2021 released by the European Chamber of Commerce (EuroCham) on April 30.

Vietnam’s economic growth is expected to rebound to 6.7 percent this year despite the recent resurgence of the COVID-19 pandemic in nearby countries, and rise to 7 percent in 2022, according to the Asian Development Bank (ADB).

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.

Vietnam posted a trade surplus of nearly 1.9 billion USD in the first four months of the year, according to the Ministry of Planning and Investment’s Foreign Investment Agency.

Local construction firms face the risk of bankruptcy as the price of steel has soared 40 percent recently.

Experts and economists have proposed to expand the issuance of Government bonds to the international market, saying that this will help increase oppotunities to mobilise investment flows for socio-economic development projects of Vietnam in the time to come.

The foreign direct investment (FDI) sector continues to be an important economic driver, contributing to making Vietnam more prosperous, Deputy Prime Minister Pham Binh Minh said.

Foreign Minister Bui Thanh Son held a phone talk with his Japanese counterpart Motegi Toshimitsu on April 27, during which the two agreed to further enhance exchanges at all levels, especially between high-ranking officials, along with collaboration between the two foreign ministries and efficiency of dialogue mechanisms.

Vietnam always attaches importance to the comprehensive strategic partnership with Russia, Foreign Minister Bui Thanh Son told his Russian counterpart Sergei Lavrov on April 27.

The first session of the 15th National Assembly is scheduled to open on July 20, as heard at the 55th meeting of the 14th NA Standing Committee on April 27.

The second Trade Policy Review (TPR) session of the World Trade Organisation (WTO) for Vietnam was held in the form of videoconference on April 27.

Deputy Prime Minister Pham Binh Minh on April 27 sent a video message to the 77th Session of the United Nations Economic and Social Commission of Asia and the Pacific (UNESCAP) at the invitation of A.S.Alisjahbana, UN Under-Secretary General and UNESCAP Executive Secretary.

Foreign investors maintained their trust in Vietnam despite countless difficulties last year and the country is viewed as a safe destination for development, heard a recent forum in Hanoi.

If breakthroughs in institutional reforms are achieved to improve growth quality, coupling with timely and sound fiscal and monetary policies, the Vietnamese economy could expand 6.76 percent a year during 2021-2023, according to Director of the Central Institute for Economic Management (CIEM) Tran Thi Hong Minh.