Business News

The government of the northern province of Quang Ninh has granted the investment certificate for a solar photovoltaic cell factory project by Jinko Solar Hong Kong Company worth US$500 million.

Despite the pandemic, Vietnam's retail landscape is still heavy with potential, drawing an investment project of $1.1 billion by the largest Thai retailer, Central Retail Corporation.

Vietnam had 29,300 new companies with a total registered capital of VND447.8 trillion (US$20 billion) in the first quarter of 2021, which hired 245,600 workers, up 1.4% in companies, 27.5% in value and in 0.8% employees from a year earlier, according to the General Statistics Office (GSO).

Prime Minister Nguyen Xuan Phuc ordered the health, tourism and diplomacy sectors to soon study and issue a "vaccine passport" mechanism in order to promote trade and investment while addressing the Government’s regular meeting on March 31.

Việt Nam had 29,300 newly-established enterprises with total registered capital of VNĐ447.8 trillion in the first quarter of this year, according to the General Statistics Office (GSO).

Despite a range of newly-established industrial zones being added to the market, many others have been delayed for a long time and are at the verge of being revoked due to the weakness of their developers.

The gross domestic product grew 4.48% in the first quarter compared to 3.68% of the same period last year, according to the General Statistics Office (GSO).

As of March 20, foreign direct investment capital inflows to Viet Nam increased by 18.5% to US$10.13 billion, according to Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.