Business News

Vietnam reeled in more than 19 billion USD from FDI attraction in the first eight months of this year, according to the Ministry of Planning and Investment.

Việt Nam's exports may reach as high as US$313 billion by the end of 2021, a 10.7 per cent increase year-on-year, only if the country manages to stop the spread of the novel coronavirus, according to a report by the Ministry of Industry and Trade.

As the central city of Danang continues to be an attractive destination for foreign-invested enterprises, the city is expected to see more scrutiny on transfer pricing from local tax authorities and rising demand for related consultation services.

The current disruption to supply chains has created disadvantages for attracting foreign direct investment (FDI) and executing projects, and the downward trend in investment attraction was noted by the Ministry of Planning and Investment (MPI) in a recent report to the legislature.

Vietnam’s GDP is expected to expand by about 4.8% in 2021 despite its robust economic performance in the first half of this year. This forecast, two percentage points lower than the projection in December 2020, accounts for the negative impacts of the ongoing COVID-19 wave.

1. Tyre excavator supply-bid extend
2. Cable , metal cover , rubber supply
3. Spare parts for Mudloging Units supply
4. Electric gutter supply-bid cancel
5. Materials and components supply
----and more news

Key targets set out in resolution on socio-economic development plan for 2021-2025

During the first eight months of the year, the country recorded a total of 1,135 new projects from foreign investors with total registered capital of $11.33 billion. Foreign investors have also purchased shares and bonds worth $2.81 billion. FDI for the first eight months of 2021 reached $11.58 billion, a 2 per cent increase year-on-year.