Foreign investors maintain an optimistic outlook for Vietnam’s economic growth next year though the country suffered a challenging 2021 as it was hit hard by the pandemic, according to an article posted on the website Vietnam Briefing of Dezan Shira & Associates.
Vietnam’s export turnover in the first eight months of 2021 rose by 21.5 percent year on year to 212.5 billion USD , despite a decline of 5.4 percent in August, the General Statistics Office (GSO) reported on August 29.
Vietnam's demographics and strong manufacturing base, developed over two decades, have put it in a favourable position to weather current challenges, according to the intheblack.com business news site of Australia.
Vietnam's footwear exports brought home 11.27 billion USD from the start of the year to July 15, a year-on-year surge of 28.36 percent, according to the General Department of Vietnam Customs.
Export revenue of the garment and textile sector surged 21.2 percent year on year in the first five months of 2021 to about 15.2 billion USD, according to the Vietnam Textile and Apparel Association (VITAS).
The new Argentinian Ambassador to Vietnam, Luis Pablo Maria Beltramino, has affirmed his country’s willingness to upgrade its relations with Vietnam to a strategic partnership, especially when the two sides are preparing to mark the 50th founding anniversary of their diplomatic ties in 2023.
Industrial and trading activities of Vietnam have sustained their growth trend although the COVID-19 resurgence has hit some provinces and cities with large industrial parks, Deputy Minister of Industry and Trade Do Thang Hai said on June 17.
Vietnam-Laos trade expanded in the first five months of 2021 after a decline triggered by COVID-19, according to the Vietnamese Trade Office in Laos.
A webinar on the role of the private economic sector and experience in foreign investment management of Vietnam in Doi Moi (renewal) process took place in Venezuela on June 9.
The UK-Vietnam Free Trade Agreement (UKVFTA), which officially took effect on May 1, is believed to herald a new era for Vietnamese goods to gain a foothold in a market with strong purchasing power.
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.
The State budget revenue was estimated at 543.4 trillion VND (over 23.7 billion USD) in the first four months of 2021, equivalent to 40.5 percent of the estimate and up 7.3 percent from a year earlier, said the Ministry of Planning and Investment (MPI).
The consumer price index (CPI) in Ho Chi Minh City inched up 0.001 percent in April against March, according to the city’s Statistics Office.
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 consumer price index (CPI) in April was down 0.04 percent against the previous month while up 2.7 percent year on year, according to the General Statistics Office (GSO).
The Embassy of Vietnam in Venezuela and Colombia recently held a webinar on promoting cooperation in trade, investment and tourism between Vietnam and Colombia.
Almost 5 billion USD worth of Vietnamese goods exported to the EU has benefited from preferential tariffs under the EU-Vietnam Free Trade Agreement (EVFTA), according to the Ministry of Industry and Trade (MoIT).
Several of Vietnam’s key export sectors, such as textile-garment, leather-footwear, and electronics have become magnets for merger and acquisition (M&As) activities, posing a risk of leading enterprises in those sectors being purchased by foreign investors.
Vietnam’s manufacturing sector gained growth pace at the end of the first quarter, with marked increases in output, new orders and exports, leading to stronger rises in employment and purchasing activity, according to a report by the London-based global information provider IHS Markit.
Vietnam has been making good use of advantages of the international economic integration process, helping to increase the country’s exports by 22 percent year-on-year and imports by 26 percent in the first quarter of 2021, said Tran Thanh Hai, Deputy Director of the Agency of Foreign Trade under the Ministry of Industry and Trade.