Business News

Vietnam, like many other East and Southeast Asian countries, is further climbing up the global value chain (GVC) thanks to the positive effect of the utilisation of foreign direct investment (FDI), according to the latest report by Hinrich Foundation.

HSBC has lowered its forecast on Viet Nam's inflation rate in 2022 to 3.5 percent from its earlier prediction of 3.7 percent due to stable domestic food price, which is expected to help curb the country's headline inflation.

Six export commodities saw export value from 5 billion USD in the first five months of 2022, according to the General Statistics Office.

An overview of the Vietnamese economy in the first 5 months of 2022.

In view of the important contributions of investment capital to the local economy, Vietnam needs immediate solutions to attract more FDI and strengthen its sources, according to experts.

The Ministry of Planning and Investment has launched a review into the long delays of large-scale foreign-invested projects, in an attempt to free up valuable plots that have been occupying land throughout the country.

In the first five months, Vietnam's export value maintained a double-digit growth, up nearly US$22 billion over the same period last year. According to the latest information from the General Department of Vietnam Customs, the export value of Vietnam's merchandise in the second half of May was US$18.02 billion, up 40.9% or US$ 5.23 billion over the first half of May.

Total outstanding value of corporate bonds by the end of April 2022 reached VNĐ320.4 trillion (US$13.8 billion), accounting for a small proportion of the country’s total outstanding credit of 2.86 per cent, according to the State Bank of Việt Nam.