Vietnam wholesale products

Processing and manufacturing are among the industries that attracted the most projects of foreign investment in Việt Nam. — Photo congthuong.vn HÀ NỘI — Việt Nam reached more than US$14 billion in foreign direct investment (FDI) in the first six months of 2022, announced the Ministry of Planning and Investment (MPI). MPI’s data showed that as of June 20, 2022, the total newly registered capital, adjusted and contributed capital to buy shares, buy contributed capital of foreign investors reached $14.03 billion, as much as 91.1 per cent over the same period in 2021. Of which, 752 new projects were granted investment registration certificates, down 6.5 per cent compared to the same period, with a total registered capital of over $4.94 billion, down 48.2 per cent over the same period. In addition, there were 487 projects registering to adjust their investment capital, up 5.9 per cent over the same period, with the total additional registered capital reaching nearly $6.82 … [Read more...] about Việt Nam attracts more than $14 billion of FDI in H1

Processing and manufacturing are among the industries that attracted the most projects of foreign investment in Viet Nam. — Photo congthuong.vn Viet Nam reached more than US$14 billion in foreign direct investment (FDI) in the first six months of 2022, announced the Ministry of Planning and Investment (MPI). MPI’s data showed that as of June 20, 2022, the total newly registered capital, adjusted and contributed capital to buy shares, buy contributed capital of foreign investors reached $14.03 billion, as much as 91.1 per cent over the same period in 2021. Of which, 752 new projects were granted investment registration certificates, down 6.5 per cent compared to the same period, with a total registered capital of over $4.94 billion, down 48.2 per cent over the same period. In addition, there were 487 projects registering to adjust their investment capital, up 5.9 per cent over the same period, with the total additional registered capital reaching nearly $6.82 billion, up 65.6 … [Read more...] about Viet Nam attracts more than $14 billion of FDI in H1

The positive business environment is conducive to the reinstatement of nearly 41,000 enterprises, a whopping 55.6% increase year-on-year and nearly double the average figure in the previous five years. The number of newly-established enterprises in the first six months of 2022 hit a record high of over 76,200, representing an increase of 13.6% year-on-year, according to the Ministry of Planning and Investment (MPI). Electronics production at Noi Bai Industrial Park, Hanoi. Photo: Pham Hung This resulted in over VND882.1 trillion (US$38 billion) of registered capital being injected into the economy in the six-month period, a 1.2-fold increase against the average in the 2017-2021 period. According to the MPI’s report, major economic hubs such as Hanoi and Ho Chi Minh City witnessed a surge in the number of  business creations, with Hanoi posting 14,630 new businesses, up 9.8% year-on-year, and Ho Chi Minh City of 22,470, up 11.5%. The positive business … [Read more...] about New businesses formation hits record high in H1

Workers make garment products at Apparel Far Eastern Vietnam Co. in Binh Duong province. (Photo: VNA) Hanoi (VNA) - There were 76,233 newly-registered enterprises in the first six months of this year, an increase of 13.6% compared to the same period last year. This is the first time that the number of newly-established enterprises in the first six months has exceeded 70,000. Data from the Business Registration Management Agency under the Ministry of Planning and Investment showed that 116,900 enterprises were entering or re-entering the market in the first half of 2022. In terms of capital, although it declined by 6.4% over the same period last year, with a value of 882.1 trillion VND (37.92 billion USD), it was still 1.2 times higher than the average for 2017-2021. The capital city of Hanoi and the southern largest economic hub of Ho Chi Minh City continued to record a significant increase in newly-established enterprises. Accordingly, Hanoi has 14,628 … [Read more...] about Newly-established businesses in H1 exceed 70,000

A fashion store in a shopping center in HCMC offers a discount of 70 percent on fashion products. (Photo: SGGP) The number of customers to supermarkets and trade centers has been fairly high in recent days. Co.opmart Supermarket on Ly Thuong Kiet Street in District 10 is always bustling with customers. Nguyen Thi Tuyet Anh, living on Ly Thai To Street in District 10, said that thousands of promotional and discounted items create a great attraction to housewives. “Cooking oil, fresh vegetables, rice, cakes of all kinds are at good prices compared to normal days. For example, Long Chau 66 rice was previously priced at VND190,000 per bag of 5kg, but now it is reduced to VND151,000; Meizan oil is sold at VND103,500 per bottle of 2 liters, VND3,000-VND5,000 per bottle cheaper than before. For large bills paid by credit cards, it is convenient to order goods at the supermarket for home delivery," said Tuyet Anh. Similarly, cosmetics, perfumes, and fashion clothes of many large brands … [Read more...] about Retailers launch promotions to revive purchasing power

There were 76,233 newly-registered enterprises in the first six months of this year, an increase of 13.6 per cent compared to last year. Workers make garment products of Apparel Far Eastern Vietnam Co. in Bình Dương Province. — VNA/VNS Photo This is the first time that the number of newly-established enterprises in the first six months has exceeded 70,000. Data from the Business Registration Management Agency, Ministry of Planning and Investment, showed that 116,900 enterprises were entering or re-entering the market in the first six months. In terms of capital, although it declined by 6.4 per cent over the same period last year, with a value of VNĐ882.1 trillion (US$38.4 billion), it was still 1.2 times higher than the average for 2017-2021. Hanoi and HCM City continued to record a significant increase in newly-established enterprises. Accordingly, Hanoi has 14,628 newly-established enterprises, up 9.8 per cent yearly. HCM City has 22,469 … [Read more...] about Newly-established businesses in H1 exceed 70,000 for first time