VIETNAM POSTS 1.29 BILLION USD IN TRADE SURPLUS DURING THE FIRST TWO MONTHS OF 2021
Vietnam’s import-export value during the first two months of this year is expected to top 95.8 billion USD, a year-on-year rise of 25.4 percent.
VIETNAM MANUFACTURING RETURNS TO GROWTH IN FEBRUARY
Sustained growth of new orders was recorded, helping to drive the improvement in overall business conditions. New work has now increased in six successive months. Total new orders were supported by a return to growth of new export business amid some signs of improving international demand.
VN NEEDS MORE THAN US$128 BLN TO DEVELOP ELECTRICITY INDUSTRY
Viet Nam needs about 128.3 billion USD of investment capital to develop its electricity industry in 2021-2030, according to draft electricity planning released by the Ministry of Industry and Trade (MoIT).
SOCIO-ECONOMIC PERFORMANCE IN FIRST TWO MONTHS OF 2021
Industrial production in February fell by 7.2% against the same period last year, according to the General Statistics Office.
FOREIGN INVESTMENT INFLOWS REACH OVER US$5 BILLION IN FIRST TWO MONTHS
Viet Nam has attracted US$5.46 billion in foreign direct investment in the first two months this year, equal to 84.4% of the same period last year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
ADDITIONALLY-REGISTERED FDI CAPITAL RISES 2.5-FOLD
In the first two months of 2021, despite the sharp drop in newly-registered foreign direct investment (FDI), $1.61 billion was poured into expanding capital at existing projects, a 2.5-fold rise on-year.
FOREIGN-INVESTED CAPITAL ON THE RISE
A series of large-scale foreign-invested projects worth hundreds of millions of US dollars are flocking to Vietnam, promising a bright outlook in attracting this type of capital inflow this year.
ECONOMY SHOWS POSITIVE SIGNALS AT THE BEGINNING OF THE YEAR
2021 has been identified as the year of economic recovery in Vietnam with a growth rate target of 6.5% set by the Government, 0.5 percentage points higher than that assigned by the National Assembly, requiring the whole political system to drastically take part right from the first days and quarter of the year.
