Tag: growth
Hanoi set to attract up to US$40 billion in FDI over next five years
Hanoi has compiled a plan on attracting between US$30 and 40 billion worth of foreign direct investment (FDI) during the 2021-2025 period, Deputy Director of the municipal Department of Planning and Investment Vu Duy Tuan told a working session with local authorities on April 19.
Q1 growth in Quang Ninh doubles national average
Hit hard by a resurgence of COVID-19 in the first quarter, the northern province of Quang Ninh nonetheless posted gross regional domestic product (GRDP) growth of 9.02 percent, or double the national average, data shows.
COVID-19 containment contributes to Vietnam’s upgraded outlook: Fitch Ratings
Strong export growth and a successful campaign to contain the spread of COVID-19 have supported Vietnam’s economy through the pandemic and allowed the government to adopt a restrained fiscal policy response, says Fitch Ratings.
Child obesity at alarming levels in Vietnam
VOV.VN - The rate of overweight and obese children in the nation has more than doubled over the past 10 years, according to recent nutrition research conducted by the National Institute of Nutrition.
SBV Governor calls for credit growth, quality
Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong has requested that credit growth be achieved in tandem with improving credit quality, with a focus on manufacturing and priority areas.
Japan's Ube Construction Materials forms sales unit in Vietnam
Japan's Ube Construction Materials Co. has set up a subsidiary in Ho Chi Minh City to sell waterproof agents and other construction materials in Vietnam and other Southeast Asian countries.
Central bank expects credit growth to exceed 12%-target for 2021
Demand for credit may increase sharply since the second quarter, especially in fields of industrial production, exports, trade and tourism, said a senior official of the central bank.
Good control of pandemic will accelerate credit growth: Insiders
Credit growth will expand significantly from Quarter 2 and exceed the State Bank of Vietnam (SBV)’s target of 12% for the year as a whole if the pandemic is brought under good control and the vaccination campaign proves effective, according to insiders.
Strong rise in bank profitability in first quarter
A number of banks recorded impressive growth in the first quarter and set a relatively strong profit growth target this year.
Processing industry leads Q1 export growth
Shipments of products from the processing industry brought in about US$67.39 billion in the first quarter of this year, representing 87.13% of Vietnam’s total export value during the period.
