Foreign investors still put their trust in the Vietnamese economy, but it is important to take measures for sustaining the upward trend in foreign direct investment (FDI), an expert has said.

The index of industrial production (IIP) in April was estimated to increase by 3.6% month on month and by 0.5% over the same period last year, according to the General Statistics Office (GSO).

VOV.VN - Vietnamese Prime Minister Pham Minh Chinh and leaders of other ASEAN member states attended the opening ceremony of their 42nd summit on Labuan Bajo island of Indonesia on May 10 morning.

VOV.VN - With the export of several agricultural products such as rubber, coffee, and pepper gradually recovering, there remains a positive outlook ahead for export growth to major markets in the second quarter of the year, according to details given by the Ministry of Industry and Trade.

With the 2023 ASEAN theme of “ASEAN Matters: Epicentre of Growth”, the coming 42nd ASEAN Summit reflects member countries’ wish and efforts to turn the bloc into a growth epicentre that leads cooperation and connectivity processes in the region and contributes to the common goal of peace, stability, and prosperity.

After a sluggish GDP performance in the first quarter this year, Vietnam is still not out of the woods yet. In particular, it has not seen the light at the end of the tunnel on the trade front, according to an HSBC report.

Developing 1.5 million businesses by 2025 is one of the key goals set by the government’s Resolution No 58 dated April 21 which addresses key policies and solutions to help businesses adapt to new circumstances and quickly recover by 2025.

Vietnam will focus on developing its private sector to turn it into an important driving force for the socialist-oriented market economy, contributing to rapid and sustainable socio-economic development and improving the economy's self-reliance.

With the Government’s initiatives to address disappointing GDP growth in the first quarter and the fact that foreign companies’ orders are likely to increase in the second half of the year, the economy is expected to rebound then, Michael Kokalari, chief economist at investment fund VinaCapital, has said.

VOV.VN - Domestic and foreign firms have so far poured nearly US$9 billion into green growth projects, including investments in renewable energy and equipment procurement for the green economy.