The World Bank has approved two development policy operations (DPO) totalling 321.5 million USD to support Vietnam’s recovery efforts.
The special Vietnam - Laos friendship has been growing unceasingly across the board in the recent past, including in trade, which has been developing in an increasingly substantive manner.
The upcoming visit to Vietnam by General Secretary of the Lao People’s Revolutionary Party (LPRP) Central Committee and President of Laos Thongloun Sisoulith is expected to contribute to deepening close and trusting relations between leaders of the two Parties and countries in the time ahead.
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).
Surging international crude oil price on improving demand has helped many oil and gas companies record big profits in the first quarter of this year, after losing in 2020.
Vietnam has recorded continual growth in squid and octopus exports to China over the last three years, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
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.
The budget revenue increased significantly in the first five months of this year thanks to recovery from 2020 and some sectors seeing strong growth, such as banking, securities, real estate and automobile industries, according to the General Department of Taxation.
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.
The export of aquatic products to the United States posted a sharp growth in the past three months despite the adverse impact of the COVID-19 pandemic on the global economy.
Vietnamese logistics enterprises reported outstanding business results in the first quarter of 2021.
German firms have expressed their optimism about Vietnam’s economy in both mid-and long terms in a recent survey released by the Association of German Chambers of Industry and Commerce (DIHK) on May 12.
The Bangkok Post on May 10 published an article titled “Vietnam reimagines tourism” discussing the Vietnamese tourism sector’s efforts to respond to COVID-19 impact.
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).
Vietnam witnessed the growth of exports and imports in the first four months of 2021 hitting 10-year record high with exports totalled nearly 104 billion USD, an increase of over 28 percent against the same period last year.
Despite a year-on-year slip in foreign direct investment (FDI) to Vietnam in the first four months of the year, foreign investors still signed major deals in the country and confirmed its ongoing investment appeal.
Leading economic experts forecast an optimistic growth outlook for Vietnam in 2021 despite the COVID-19 pandemic.
The Mekong Delta province of Kien Giang has called on local travel companies to actively implement promotional programmes and plans to lure tourists now that COVID-19 has been largely brought under control.
Vietnam will record positive economic growth in 2021, at around 6-7 percent, if the country continue support for vulnerable groups in the economy, as well as the freshly-rolled out vaccination campaign, said Jonathan Ostry, Deputy Director of the Asia and Pacific Department of the International Monetary Fund (IMF).
HCM City is to become a smart urban area, maintain its role as the country’s economic engine, and realise its goal of becoming an economic and financial hub in Asia, experts have said.