Business News

In 2021, despite being affected by the COVID-19 epidemic, all three areas of agro-forestry and fisheries, industry and construction, and services posted higher growth rates compared to 2020.

The northern province of Vinh Phuc reaped more success in attracting foreign investment inflows in 2021 thanks to the synchronous implementation of solutions to hold direct dialogues and accompany investors and businesses to ease their difficulties.

In the third quarter of 2021, the Ho Chi Minh City condo market witnessed a sharp drop in both new launches (down 70.0 per cent on-year) to 1,600 units and sales volume (down 68.4 per cent on-year) to 1,582 units, a five-year low.

In spite of the prolonged pandemic, Dong Nai has lured nearly $1.1 billion in foreign direct investment (FDI) capital in the first 11 months of 2021.

The Vinh Phuc Industrial Parks’ Authority licensed 34 investment projects capitalized at US$928.99 million and allowed 21 domestic and foreign investment projects to increase their investment by VND5,015.41 billion (US$210 million) in the first nine months of 2021.

After more than four months of slowing down due to the COVID-19 pandemic, the property market in the south is regaining strength and there are optimistic signs of a recovery thanks to demand still exceeding supply.

Despite being hurt by the COVID-19 pandemic, Bac Giang province still achieved impressive results in investment attraction. The Bac Giang Industrial Zones Authority has prepared all favorable conditions to create motivations and development space to make the best investment environment for investors.

The COVID-19 pandemic outbreak in the past three months has almost frozen the property market in many provinces and cities and largely halted secondary property deals. Particularly, online orders are allowed in suburban apartment projects.