Business News

The "Doi Moi" (renovation) policy, initiated by the 6th Congress of the Communist Party of Vietnam (December 1986) and further improved and developed by following congresses, has opened a turning point in the cause of national construction and development.

Given complicated COVID-19 pandemic development and its adverse impacts on global trade, Vietnam's exports still grew positively, partly driven by free trade agreements (FTAs) which reportedly helped diversify export markets and circumvent risks of unexpected developments.

Newly- and additionally-registered foreign direct investment (FDI) capital increased in the first eight months, while capital contributions and share purchases dropped remarkably.

Facing the prolonged pandemic, the customs sector has taken many urgent measures to clear freight congestion at seaports and quickly move shipments for COVID-19 pandemic prevention and control to provide the best working conditions for businesses.

The "Doi Moi" (renovation) policy, initiated by the 6th Congress of the Communist Party of Vietnam (December 1986) and further improved and developed by following congresses, has opened a turning point in the cause of national construction and development. 

“Information on import and export administrative policies and procedures is more accessible. Enterprises highly appreciate information quality provided by customs authorities. They are also more satisfied with the support and response of authorities when they face difficulty in accessing information.”

Foreign investment inflows to Viet Nam totalled US$19.12 billion in the first eight months, equal to 97.9 percent of the same period last year, according to the Ministry of Planning and Investment.

The Ministry of Planning and Investment is developing a draft programme to support digital transformation in enterprises, cooperatives and business households for 2021-2025, to meet the practical and urgent needs of the fourth industrial revolution and tackling the pandemic.