Business News

The Vietnam Manufacturing Purchasing Managers' Index (PMI) ticked up to 52.2 in November from 52.1 in October, signalling a second successive modest improvement in business conditions following a period of decline caused by the fourth wave of the COVID-19 pandemic earlier in the year, according to IHS Markit.

The Consumer Price Index (CPI) in November was up by 0.32 percent compared to October, according to the General Statistics Office.

Prime Minister Pham Minh Chinh chairs a Cabinet meeting on Thursday to review socio-economic performance and COVID-19 fight in the first 11 months this year.

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According to experts, although the legal basis for Public-Private Partnership (PPP) is quite complete, there must still be a mechanism to prevent disputes between the parties.

Việt Nam’s foreign trade surged 22.3 per cent year-on-year in the first 11 months of this year to exceed US$599.1 billion, according to the General Statistics Office (GSO).

Trade indicators in January-November period indicates continued recovery amid COVID-19 pandemic. According to the General Statistics Office (GSO) reported Monday that Viet Nam’s export value increased by 17.5 percent to US$299.67 billion in the first 11 months this year.

Foreign investors landed investments in 18 sectors, with processing and manufacturing absorbing the largest amount of capital (over $14 billion or 53 per cent), followed by power generation and distribution (over $5.7 billion), real estate ($2.41 billion), and wholesale and retail ($1.27 billion).