Vietnam enjoyed a trade surplus of US$3.37 billion in the first two quarters of 2018, the highest level over the last five years.
Garment and textile businesses from Vietnam and the Republic of Korea (RoK) discussed the use of technology in their sector at a garment technology conference held in Ho Chi Minh City on June 27.
The forestry sector earned US$4.15 billion from exports in the first six months of the year, accounting for 46% of the yearly plan and up nearly 8.4% year on year.
Hanoi’s industrial production index rose by 7.8% in the first five months of this year, said Director of the municipal Department of Planning and Investment Nguyen Manh Quyen.
The capital city of Hanoi attracted US$860 million in foreign direct investment (FDI) in the first five months of 2018, said Director of the municipal Department of Planning and Investment Nguyen Manh Quyen.
The building of a legal framework plays an important role in forming special administrative-economic zones and attracting investments in these areas, said Minister of Planning and Investment Nguyen Chi Dung at a workshop in Hanoi on May 18.
The Red River Delta province of Bac Ninh ranks second nationwide in foreign direct investment (FDI) attraction in 2017, with US$3.5 billion poured into 270 new and existing projects in 2017.
Foreign direct investment in Hanoi amounted to US$744 million in the first four months of 2018.
There are numerous optimal factors for foreign businesses, including Italian ones, to do business in Vietnam, said Stefano Balsamo, founder of the Diplomatia association and Vice Chairman of J.P. Morgan in Italy.
Ho Chi Minh City tops the nation in terms of foreign direct investment (FDI) attraction, 30 years since the first foreign investor was allowed to operate in Vietnam on January 1, 1988.
Hanoi has defined resources from investors, especially those from the Republic of Korea (RoK), as one of important factors deciding the success of the capital’s implementation of development goals and orientations, said a senior local official.
The Vietnamese Government pledges to maintain the stable macro environment, continue improving the institutional quality and State government, and boosting the rule of law, for foreign businesses, especially those from Australia, to land investment and expand operation in Vietnam, said Prime Minister Nguyen Xuan Phuc.
Some 1,000 cars worth 94 million USD were imported to the Vietnamese market in January, reports the General Statistics Office.
The Ho Chi Minh City Export Processing Zones and Industrial Parks Authority (Hepza) hopes to attract new investment worth US$900 million this year.
Vietnam is working towards achieving higher levels of food security. In recent years, the country has adopted various measures to boost agricultural product exports, filling gaps in the global food market.
Foreign direct investment (FDI) in Vietnam reached 33.09 billion USD in the first 11 months of this year, a year-on-year increase of 82.8 percent.
The northern province of Bac Ninh has earned US$29.85 billion from exports so far this year, ranking second nationwide in export revenue, following Ho Chi Minh City.
A high-level trade mission from the US state of Idaho recently visited Ho Chi Minh City to promote trade and investment activities in Vietnam and the southern economic hub in particular.
Moody’s Investors Service has changed its outlook for Vietnam’s banking system to positive for the next 12-18 months from stable, reflecting the country’s strong economic prospects and the positive outlook for most rated banks.
An improved business climate has made the Central Highlands province of Dak Lak an attractive destination for both domestic and foreign direct investment (FDI), helping develop the local economy.