Registered foreign direct investment reached some US$2.1 billion in December 2020, roughly 28.9% lower than in the previous month and 66.3% lower than in December last year. Overall, the country attracted FDI worth over US$28.5 billion in 2020, which despite being some 25% lower than 2019, remains a remarkable achievement. … [Read more...] about Vietnam one of fastest growing economies amid pandemic: WB
Resilient liberalism in europes political economy
Reshuffle underway to further stimulate revival of economy
“Such efforts, principally from the central government, have translated into an increase of investment expenditures from 4.8 per cent of GDP to 6.5 of GDP between the first nine months of 2019 and 2020, supporting aggregate demand through the multiplier effects on suppliers and jobs over time,” said an updated World Bank report on Vietnam’s economy. “With any stimulus programme, the role of public investment is not just to directly stimulate the economy, but also to crowd in private investment.” … [Read more...] about Reshuffle underway to further stimulate revival of economy
First Party Congress: Unifying revolutionary movements
The Provisional Government holds its first meeting presided over by President Ho Chi Minh on September 3, 1945 to discuss and set forth urgent tasks, determined to fight the enemies of hunger and illiteracy and urgently prepare for the universal general election as soon as possible and drafting a constitution for the newly-established Democratic Republic of Vietnam. In the photo: President Ho Chi Minh and members of the Provisional Government Council of the Democratic Republic of Vietnam present after the first session on the morning of September 3, 1945. (Photo: VNA) … [Read more...] about First Party Congress: Unifying revolutionary movements
Singapore to use strengths to support Hanoi: Ambassador
She said the Singaporean Embassy is working with Vietnamese relevant agencies to devise regulations on trade and travel between the two countries in line with the current context, voicing her hope that Hanoi will support and create favourable conditions for the implementation of the rules. … [Read more...] about Singapore to use strengths to support Hanoi: Ambassador
Logistics development in Việt Nam
The first thing we need to do is define Hồ Chí Minh City’s geological location in the Southeast Region and the key economic region in the country’s southern region. Hồ Chí Minh City will then become a leader in the three perspectives: the region’s financial centre and services, particularly services in the field of industry and logistics. Hồ Chí Minh City will then be a driving force in the perspectives of finance and services and a training centre for human resources and innovation. … [Read more...] about Logistics development in Việt Nam