VIET NAM’S FOREIGN TRADE EXCEEDS US$500 BILLION
Export items witnessing high growth include machines, equipment and tools (up 43 percent), iron and steel (up 135.3 percent), computers, electronics and accessories (up 12.5 percent) and phones and spare parts (up 10.3 percent).
HANOI TACKLES DIFFICULTIES FACED BY FOREIGN INVESTORS
The People’s Committee of the capital city held a dialogue with foreign-invested enterprises in the city on October 19 to seek measures to tackle difficulties faced by foreign firms amid the COVID-19 pandemic.
PPP INVESTORS FACE POLICY DISADVANTAGES
Decree 28 on financial management of public-private partnership (PPP) investment projects in Vietnam is controversial after half a year of practical application.
VIET NAM RATIFIES ASEAN TRADE IN SERVICES AGREEMENT
The Government tasked the Ministry of Planning and Investment to take prime responsibility and coordinate with relevant ministries and agencies in organizing the implementation of the agreement.
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HANOI’S ECONOMY MAINTAINS GROWTH PACE
Hanoi has made marked socio-economic achievements since 1986 when Vietnam began to open up for economic integration. The capital city posted high economic growth rates, especially in the 2015-2020 period, contributing to raising the country's position in the context of international integration.
TRADE SURPLUS EXPECTED TO SOAR SHARPLY IN THE LAST MONTHS OF THE YEAR
In the second half of September, trade surplus was $1.87 billion, contributing to reducing the trade deficit to $2.55 billion in the first nine months. Of this, total import-export turnover of the foreign-invested enterprises (FIEs) was $335.85 billion, an increase of 28 per cent on-year (equalling $73.48 billion); total value of local firms was $147.97 billion, a rise of 17.4 per cent on-year (equivalent to $21.9 billion).
MORE THAN $10 BILLION PER YEAR TO DEVELOP THE POWER SOURCES AND GRID IN THE 2021-2030 PERIOD
This is stated in the draft national electricity development planning for 2021-2030, with a vision to 2045 (power planning VIII) that has just been submitted to the Government by the Ministry of Industry and Trade after many revisions and reviews.
