Stronger export growth and a continued rise in investment suggest Vietnam’s GDP growth will go back to above 6.5% in 2017, after a slowdown to 6.2% in 2016.
Vietnam produced US$34.3 billion worth of cellphones and components for export in 2016, 99.8% of which, or US$34.2 billion, made by FDI enterprises.
In the last 10 years, Vietnam has seen the establishment of private joint stock companies operating in many different business fields.
Ho Chi Minh City has attracted US$2.15 billion in foreign directed investment (FDI) in the first half of 2017, doubling the figure in the same period last year, reported the municipal People’s Committee.
Vietnam has not taken full advantage of foreign direct investment (FDI) while its private enterprises have failed to connect with the global production chain, heard the Midterm Vietnam Business Forum (VBF) 2017 held in Hanoi on June 16.
The northern province of Bac Giang drew 77 investment projects with a combined registered capital of US$1.455 million in the first five months of this year.
Vietnam’s real estate market attracted over US$600 million in foreign direct investment in the first five months of this year, according to the General Statistics Office.
The midterm Vietnam Business Forum (VBF) 2017 between the Vietnamese Government and the business community will be held in Hanoi on June 16.
Vietnam will push ahead with institutional and legal reforms and increase its transparency in line with international practices to attract Japanese investment in the coming time, said Deputy Minister of Planning and Investment Nguyen The Phuong in an interview granted to the Vietnam News Agency.
Despite a decrease in newly-registered capital, the significant growth in the value of mergers and acquisitions became a key element in raising Vietnam’s foreign direct investment in the first five months of 2017.
HCM City’s economic performance in the first five months of the year has been rock steady.
The money market has been seeing unexpected happenings in the last two weeks. Until two weeks ago, the liquidity of the banking system had been in a state of tension because lending was higher than mobilized capital.
Southern Binh Duong province has lured nearly US$1.5 billion in FDI in the first five months of 2017, 6.5% higher than the province’s target of US$1.4 billion for the entire year, according to the provincial People’s Committee.
Ho Chi Minh City attracted US$1.37 billion in foreign direct investment (FDI) in the first five months of 2017, a year-on-year increase of 45.8%.
What has caused the reverse of the exchange rate despite negative economic information released recently? The strong inflow of foreign portfolio investment (FPI).
The Republic of Korea (RoK) was the largest among 91 countries and territories investing in Vietnam in the first five months of 2017, with total foreign direct investment (FDI) of US$4.41 billion, 36.4% of total FDI in the period.
Total foreign direct investment (FDI) in Vietnam reached US$11 billion from the outset of the year, a year-on-year surge of nearly 41 percent, said the Foreign Investment Agency under the Ministry of Planning and Investment (MPI).
The southern province of Dong Nai has attracted nearly 483 million USD in foreign direct investment (FDI) so far this year, funding 26 new and 38 existing projects, according to the provincial Department of Planning and Investment.
The Vietnamese government expects to hit its growth target for the year despite a slow first quarter by excavating more crude oil, but lawmakers said this would go against a bigger plan to build a sustainable economy which relies less on mining.
VOV.VN - The growth in imports of capital goods in the early months of 2017 has outpaced the figures for last year by as much as 40%, according to the latest statistics from the General Department of Vietnam Customs.