VIETNAM'S EXPORT TO EU HIT NEARLY $10 BILLION IN FIRST QUARTER
According to figures from the Ministry of Industry and Trade (MoIT), since the landmark EU-Vietnam Free Trade Agreement (EVFTA) came into force, Vietnamese exports to EU member states managed impressive growth and hit nearly $10 billion in the first quarter of 2021, up 18 per cent on-year.
VIETNAM ECONOMY EXTENDS STEADY RECOVERY AND GROWTH
Many economies of East Asia and the Pacific (EAP) began to bounce back after severe economic shock in 2020. However, only China and Vietnam have followed a V-shaped recovery path with an output surpassing pre-COVID-19 levels in 2020. Most of the other countries have not seen a full-fledged recovery in terms of either output or growth momentum.
WHAT PROSPECTS FOR VIETNAM'S CAPITAL MARKET?
Speaking at the Forum “Capital Market Development - Opportunities in the New Era” in Hanoi, Ms. Nguyen Le Thuy, Editor-in-Chief of the Economy and Forecast Review, said that Vietnam's economy is showing the likelihood of positive recovery. The country’s GDP expanded by only 2.91% in 2020, hammered by the COVID-19 pandemic impacts, but grew by 4.48% year on year in the first quarter of 2021.
FARMING, FORESTRY, SEAFOOD EXPORT VALUE UP ALMOST 20% IN Q1
Việt Nam exported US$10.61 billion worth of agricultural, forestry and fishery products in the first quarter of 2021, up 19.7 per cent compared to the same period last year.
QUANG NINH LICENSES GIANT PHOTOVOLTAIC CELL FACTORY PROJECT
The government of the northern province of Quang Ninh has granted the investment certificate for a solar photovoltaic cell factory project by Jinko Solar Hong Kong Company worth US$500 million.
$1.1 BILLION GOING TO POUR INTO VIETNAM'S RETAIL MARKET
Despite the pandemic, Vietnam's retail landscape is still heavy with potential, drawing an investment project of $1.1 billion by the largest Thai retailer, Central Retail Corporation.
OVER 29,000 NEW COMPANIES ESTABLISHED IN Q1, 2021
Vietnam had 29,300 new companies with a total registered capital of VND447.8 trillion (US$20 billion) in the first quarter of 2021, which hired 245,600 workers, up 1.4% in companies, 27.5% in value and in 0.8% employees from a year earlier, according to the General Statistics Office (GSO).
“VACCINE PASSPORT” MECHANISM NEEDED TO PROMOTE TRADE, INVESTMENT: PM
Prime Minister Nguyen Xuan Phuc ordered the health, tourism and diplomacy sectors to soon study and issue a "vaccine passport" mechanism in order to promote trade and investment while addressing the Government’s regular meeting on March 31.
