Business News

The Government has recently issued Resolution No. 01/NQ-CP on key missions and solutions to developing the socio-economy, improving the business climate, and enhancing national competitive capacity in 2023.

According to the General Statistics Office (GSO), Vietnam lured $1.69 billion in foreign direct investment (FDI) as of January 20 this year, a year-on-year decrease of 19.8 per cent.

Vietnam’s Consumer Price Index (CPI) in January edged up 0.52% month-on-month, according to the General Statistics Office. The index in January this year rose by 4.89% year-on-year, the highest growth rate in January in five years, the local media reported.

New foreign direct investment (FDI) approvals had totaled US$1.69 billion in the year till January 20, down 19.8% over the same period last year, according to the General Statistics Office. There were 153 new projects with total registered capital of US$1.2 billion approved, increasing 48.5% and 3.1-fold over the same period last year, respectively.

Facing the East Sea with a coastline of over 125 km, Hai Phong is an important port city, an industrial and seaport center, as well as an economic, cultural, medical, educational, scientific, commercial and technological center in the Northern Coast of Vietnam.

According to the Foreign Investment Agency under the Ministry of Planning and Investment (MPI), Vietnam is likely to attract 36-38 billion USD in foreign direct investment (FDI) in 2023. The figure was nearly 22.4 billion USD in 2022.

Despite many difficulties, the export of wood and forest products still reached the target of US$16.9 billion last year. Continuing this momentum, the industry has set an export turnover target of $17.5 billion this year.

Earlier this month, the Government issued key tasks and solutions to implement the Socio-Economic Development Plan and State budget estimate and improve the business environment and national competitiveness in 2023 under Resolution 01/2023/NQ-CP.