FDI INFLOWS IN 2021 UP 9 PER CENT, SURPASSING $31 BILLION
According to the Ministry of Planning and Investment's Foreign Investment Agency, $15.2 billion was poured into 1,738 newly-licensed projects, a decrease of 31.1 per cent in number but a rise of 4.1 per cent in value.
2021 REMAINS GAP YEAR FOR SOLAR DEVELOPERS
In 2020, Tien Thinh Trading and Construction Services Co., Ltd. implemented dozens of solar projects in many southern provinces and cities, with total revenues of the company reaching around $430,000. However, this year the firm only implemented a few small-scale projects with total revenues shrinking to one-tenth lower.
VIET NAM, ROK PLEDGE TO FOSTER COOPERATION IN TRADE, INDUSTRY, ENERGY
Minister of Industry and Trade of Viet Nam Nguyen Hong Dien and Minister of Trade, Industry and Energy of the Republic of Korea (RoK) Moon Sung-wook have agreed to launch measures to support enterprises in adapting to COVID-19 and foster cooperation between the two countries’ enterprises in trade, industry and energy in the upcoming time.
EXPORT TURNOVER MAY FETCH OVER US$335 BILLION BY YEAR-END
The ministry praised local enterprises especially garment and textile ones for having weathered heavy impacts of the COVID-19 pandemic, working hard very early to persistently maintain production, and promptly finalize contracts on schedules.
TRANSPORT MINISTRY GRANTED AUTONOMY IN RESUMING INT’L COMMERCIAL AIR ROUTES
Permanent Deputy Prime Minister Pham Binh Minh assigned the Ministry of Transport to work with other ministries, agencies, and localities to meticulously consider and decide on the resumption of international commercial air routes.
VIETNAM’S REMITTANCES TO REACH 18.1 BLN USD
The World Bank (WB) and the Global Knowledge Partnership on Migration and Development (KNOMAD) forecast that the amount of remittances to Vietnam in 2021 could reach 18.1 billion USD, continuing to increase compared to 2020.
VIET NAM, ROK PLEDGE TO FOSTER COOPERATION IN TRADE, INDUSTRY, ENERGY
Minister of Industry and Trade of Viet Nam Nguyen Hong Dien and Minister of Trade, Industry and Energy of the Republic of Korea (RoK) Moon Sung-wook have agreed to launch measures to support enterprises in adapting to COVID-19 and foster cooperation between the two countries’ enterprises in trade, industry and energy in the upcoming time.
THREE PACKAGES TO HELP BUSINESSES WITH DIGITAL TRANSFORMATION
Of the three packages to be launched, the first is designed for small-scale firms, helping them embark on digital transformation. Each enterprise will be provided with VNĐ20 million - VNĐ50 million (US$870-2,180) funded by the State budget per year.
