Business News

Vietnam attracted more than US$2billion in FDI in January, 37.8 percent higher than in the same period in 2020, according to the Ministry of Planning and Investment.

Despite the impact of the COVID-19 pandemic, Vietnam has obtained a trade surplus of 1.3 billion USD in January, according to the Ministry of Industry and Trade.

In 2021, Vietnam is assessed to have many opportunities to attract FDI flows redirected from other economies because many investors already planned investment expansions and fresh investments. To catch this wave of investment flows, Vietnam needs appropriate solutions specific to the new context.

Ho Chi Minh City will strive to become an economic and financial hub in Asia by 2045 with gross regional domestic product (GRDP) per capita reaching some US$37,000, a municipal official has said.

Total investment to expand capital at existing projects in January rose by 41.4 per cent on-year, while total investment increased by 51.7 per cent, excluding the $4 billion LNG project in Bac Lieu province registered in last January.

The Vietnamese economy grew 2.9% last year from a year ago, according to government estimates released in late December. That’s better than China’s forecast-beating 2.3% growth during the same period.

Foreign investors had poured 1.51 billion USD into Vietnam as of January 20, a 4.1 percent increase over the same period last year, according to the Ministry of Planning and Investment (MPI).

Effectively exploiting the Polish market is one of the ways to help Vietnamese goods make inroads into the EU market, experts told a workshop held by the Ho Chi Minh City Investment and Trade Promotion Centre (ITPC) on January 28 on the prospects for Vietnam’s exports to the EU through the Polish gateway.