Fdi

According to the Ministry of Planning and Investment’s forecasts, Việt Nam expected to attract $38.6 billion FDI in 2020 if the COVID-19 pandemic was over in the first quarter of this year and $38.2 billion if the pandemic lasted to the second quarter, compared to $38 billion FDI attracted in 2019. Việt Nam targeted to attract $39.6 billion FDI in 2020 when there was no COVID-19. … [Read more...] about Foreign investors pour $8.55b into VN in Q1

The VND weakened when the US dollar index surged on the global market while the State Bank of Vietnam (SBV) adjusted a series of policy rates. Foreign investors’ withdrawing pressure in both stock and bond markets since the Lunar New Year (estimated at $500 million) has also put pressure on exchange rates. However, Vietnam achieved a trade surplus of $2.8 billion in the first quarter of this year. … [Read more...] about Trade raises demand for stable VND

Despite the negative impact of COVID-19, four new investment certificates worth $253 million were granted, while two others received expansion certificates worth a total $80 million. A feasibility study project was allowed at the park with a proposed investment of $50 million in early 2020, according to the board. … [Read more...] about Central city debuts Hi-Tech Park administrative centre

In the first two months, Vietnam's exports have expanded by 8 percent, FDI inflows amounted to 2.5 billion USD and retail sales were up by 5.4 percent. Photo: baophapluat.vn In the first two months, its exports have expanded by 8 percent, FDI inflows amounted to 2.5 billion USD and retail sales were up by 5.4 percent, the bank said, noting that while prospects remain favorable for the Vietnamese economy in the medium term, GDP growth will be affected negatively by the recent coronavirus outbreak, now a global pandemic. … [Read more...] about Vietnamese economy stays resilient to external shocks: WB

Hanoi (VNA) – Hanoi posted an increase of 3.27 percent in Gross Regional Domestic Product (GRDP) in the first quarter of 2020 – the lowest in recent years, according to the municipal Statistics Office. This was attributed to impact of the ravaging COVID-19 pandemic. The agro-forestry-aquaculture sector saw a decrease of 1.17 percent, while the industry-construction and service fields respectively rose by 5.46 percent and 3.2 percent, the office said. In the reviewed period, retail and service revenue in the capital city totaled 135.7 trillion VND (over 5.7 billion USD), up 2.3 percent year-on-year. Meanwhile, its export turnover reached 2.74 trillion USD, 18.1 percent lower than the figure posted in the same period last year. Tourism, transportation, accommodation and catering services; processing and manufacturing industries; import and exports and a number of other service sectors recorded sharp declines. As much as 63 trillion VND of development investment … [Read more...] about Hanoi reports 3.27-percent GRDP growth in Q1