VN NEEDS MORE THAN US$128 BLN TO DEVELOP ELECTRICITY INDUSTRY
Viet Nam needs about 128.3 billion USD of investment capital to develop its electricity industry in 2021-2030, according to draft electricity planning released by the Ministry of Industry and Trade (MoIT).
SOCIO-ECONOMIC PERFORMANCE IN FIRST TWO MONTHS OF 2021
Industrial production in February fell by 7.2% against the same period last year, according to the General Statistics Office.
FOREIGN INVESTMENT INFLOWS REACH OVER US$5 BILLION IN FIRST TWO MONTHS
Viet Nam has attracted US$5.46 billion in foreign direct investment in the first two months this year, equal to 84.4% of the same period last year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
ADDITIONALLY-REGISTERED FDI CAPITAL RISES 2.5-FOLD
In the first two months of 2021, despite the sharp drop in newly-registered foreign direct investment (FDI), $1.61 billion was poured into expanding capital at existing projects, a 2.5-fold rise on-year.
FOREIGN-INVESTED CAPITAL ON THE RISE
A series of large-scale foreign-invested projects worth hundreds of millions of US dollars are flocking to Vietnam, promising a bright outlook in attracting this type of capital inflow this year.
ECONOMY SHOWS POSITIVE SIGNALS AT THE BEGINNING OF THE YEAR
2021 has been identified as the year of economic recovery in Vietnam with a growth rate target of 6.5% set by the Government, 0.5 percentage points higher than that assigned by the National Assembly, requiring the whole political system to drastically take part right from the first days and quarter of the year.
8 COMMODITIES SEE EXPORT VALUE OF OVER 6 BILLION USD IN 2020
8 commodities see export value of over 6 billion USD in 2020
UPBEAT EXPORT-IMPORT PICTURE IN EARLY 2021
It is noteworthy that Hai Duong province – the epicentre of the current COVID-19 resurgence – posted more than $1.3 billion in total export-import value in January 2021, with export value reaching $754 million and import value surpassing $568 million. Compared to the same period in 2020, its export value jumped nearly 37 per cent and import value picked up about 23 per cent.
