VIỆT NAM’S CURRENT ACCOUNT SURPLUS FORECAST AT 6.2% OF GDP IN 2021
Việt Nam’s current account surplus is forecast at 6.2 per cent of GDP in 2021 and will narrow over the coming decade as part of a general long-term narrowing trend.
INDUSTRIAL PROPERTY SEGMENT SEES RISING FDI DESPITE NEW COVID-19 OUTBREAK
Despite a new outbreak of COVID-19 in Vietnam, the industrial property segment saw positive signs with new industrial zones established and key industrial projects beginning operations, according to a report by Savills Vietnam.
PUBLIC INVESTMENT DISBURSEMENT UP 5.6% IN FIRST SEVEN MONTHS
The disbursement of public investment in July fell by 1.7% compared to the previous month due to COVID-19 but the total figure for the first seven months of 2021 still rose by 5.6% over the same period last year.
NEWLY ESTABLISHED ENTERPRISES DECREASES 22.8% IN JULY
As many as 8,740 enterprises with total registered capital of VND122.8 trillion (US$5.34 billion) were established in July, according to the General Statistics Office (GSO).
VIET NAM RANKS THIRD IN LOGISTICS PERFORMANCE INDEX IN ASEAN
Việt Nam ranks 39th among 160 countries and territories, and third in the Association of Southeast Asian Nations (ASEAN) in logistics performance index (LPI), heard a workshop held by the Ministry of Industry and Trade (MoIT) on Friday.
VIETNAM’S ECONOMY FORECAST TO GROW BY 4.5-5.1% IF VIRUS CONTAINED BY END OF SEPTEMBER
The Vietnamese economy will likely expand by 4.5-5.1% this year if the pandemic is contained at home by the end of September and vaccination is accelerated towards herd immunity in the second quarter of 2022.
JULY RETAIL SALES PLUNGES NEARLY 20 PCT YEAR-ON-YEAR DUE TO COVID-19
Total retail sales of goods and services shrank 8.3 per cent month-on-month in July to VNĐ339.4 trillion (US$14.84 billion) as a result of restrictions induced to stem the ongoing COVID-19 outbreak, according to the General Statistics Office (GSO).
U.S. TRADE AGENCY DROPS TARIFF THREAT AGAINST VIET NAM OVER CURRENCY PRACTICES
The Office of the United States Trade Representative (USTR) on July 23 issued a formal determination in the Viet Nam Currency Section 301 investigation reflecting the agreement reached earlier this week between the Department of the Treasury and the State Bank of Viet Nam (SBV).
