FOREIGN INVESTORS FROM SOUTH KOREA CONTINUE RAMPING UP INVESTMENT IN DONG NAI
According to Dong Nai Department of Planning and Investment, South Korean investors have injected an additional $500 million into the locality, increasing the total investment capital from $6.5 billion in 2019 to $7 billion in May 2021. South Korea topped the list of 45 countries and territories investing in Dong Nai.
PM APPROVES 2021-2023 PUBLIC DEBT MANAGEMENT PROGRAMME
Under the programme, the total borrowing over the next three years will be VND1,738.4 trillion (US$75.8 billion), of which VND1,604 trillion (US$70 billion) will go to the central budget.
FORTY-TWO FIRMS RESUME OPERATIONS IN COVID-19 EPICENTER
A total of 42 businesses with 7,600 workers have reopened in the northern province of Bac Giang after downing shutters for three weeks to prevent Covid-19 transmission.
VIETNAM TAKES ACTION TO CLEAN OUT OCEAN ENVIRONS
Estimates predict that without prompt government action, between 0.28 and 0.73 million tonnes of plastic will flow into Vietnam’s seas each year, causing tremendous economic, social, and environmental damage. Conscious of this issue, the Vietnamese government passed the Law on Environmental Protection in November 2020 and committed to a number of activities to tackle this issue, led by the National Action Plan for Management of Marine Plastic Litter by 2030.
EVFTA: THE DOOR IS WIDE OPEN BUT CHALLENGES REMAIN
This is one of the latest remarks by Dr. Nguyen Thi Thu Trang, Director of the WTO and Integration Center under the Vietnam Chamber of Commerce and Industry (VCCI) on difficulties faced by Vietnamese companies upon the enforcement of EVFTA commitments.
ATTRACTING PRIVATE INVESTMENT INTO PPP PROJECTS
Public-private partnership (PPP) investment has become one productive cooperation model between the government and the private sector in infrastructure development in Vietnam.
VIETNAM’S GDP GROWTH TO SHOOT UP TO 6.7 PER CENT IN 2021 AND 7.3 PER CENT IN 2022
“Vietnam’s economic fundamentals remain robust. The country has been one of the world’s best-performing economies during the pandemic; that said, we are closely watching the domestic COVID-19 situation,” said Tim Leelahaphan, economist for Thailand and Vietnam, Standard Chartered, in the bank’s recent Global Research report entitled “Vietnam – Strong performance continues this year”.
VIETNAM REMAINS ATTRACTIVE AMONG FOREIGN INVESTORS DESPITE COVID-19
With COVID-19 raging, the Regent Garment Factory Ltd., a subsidiary of Hong Kong (China)’s Crystal International Group Limited, still submitted a request to the northern province of Hai Duong to open a new 35 million USD garment factory in the locality. The request was approved last week.
