TRADE SURPLUS EXPECTED TO SOAR SHARPLY IN THE LAST MONTHS OF THE YEAR
In the second half of September, trade surplus was $1.87 billion, contributing to reducing the trade deficit to $2.55 billion in the first nine months. Of this, total import-export turnover of the foreign-invested enterprises (FIEs) was $335.85 billion, an increase of 28 per cent on-year (equalling $73.48 billion); total value of local firms was $147.97 billion, a rise of 17.4 per cent on-year (equivalent to $21.9 billion).
MORE THAN $10 BILLION PER YEAR TO DEVELOP THE POWER SOURCES AND GRID IN THE 2021-2030 PERIOD
This is stated in the draft national electricity development planning for 2021-2030, with a vision to 2045 (power planning VIII) that has just been submitted to the Government by the Ministry of Industry and Trade after many revisions and reviews.
BUSINESSES UPBEAT ABOUT GROWTH OUTLOOK IN Q4
Although the economy is suffering from "unprecedented shocks" caused by the COVID-19 pandemic, businesses are still optimistic about the growth outlook in the fourth quarter of this year, a business survey showed.
FOREIGN FIRMS CONTINUE TO SEE VIETNAM AS GOOD INVESTMENT LOCATION
Speaking at a virtual conference called ‘Invest in Vietnam. Wins and challenges’ organised by Adamed and Davipharm last week, Nguyen Hai Minh, partner at Mazars and Vice Chairman of EuroCham, said: “In Vietnam, FDI plays an important role, contributing a lot to the growth of the country, especially exports.”
SIX COMMODITIES RECORD EXPORT VALUES OF OVER 10 BILLION USD
Six commodities record export values of more than 10 billion USD during January-September, according to the General Statistics Office.
IIP GROWS 4.45 PERCENT IN NINE MONTHS
The index of industrial production (IIP) grew by 4.45 percent in the first nine months of this year over the same period last year.
VIETNAM’S IMPORT AND EXPORT VALUE TOTALED US$53.5 BLN IN SEPT
Vietnam’s total merchandise import and export value was estimated at US$53.5 billion in September, down 2% from the previous month, according to the General Department of Vietnam Customs. Of the sum, the export value was US$27 billion, down 0.8% and the total import value was US$26.5 billion, down 3.1%.
VIETNAM ECONOMY STILL FACES HIGH RISKS
Despite its good resilience, Vietnam's economy has been facing a serious pandemic outbreak since April 2021. Restriction measures, aimed to contain the pandemic, have negatively affected economic recovery that was strong in the first half of 2021.
