Business News

The acute respiratory disease caused by SARS Cov-2 (COVID-19) has created changes in consumer preferences as well as business models and technology.

By industry, foreign investors invested in 17 industries. The processing and manufacturing industry drew the most FDI funding with over US$3 billion, accounting for 55.7 % of the total registered FDI funding, followed by the electricity production and distribution sector with US$1.44 billion or 26.5% of the total. Real estate and science-technology followed with nearly US$485 million and nearly US$153 million, respectively.

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Vietnam’s consumer price index (CPI) in February was up 1.52% over the previous month and 0.7 percent year on year, according to the General Statistics Office (GSO).

Vietnam lures 5.46 billion USD in foreign investment

Vietnam’s import-export value during the first two months of this year is expected to top 95.8 billion USD, a year-on-year rise of 25.4 percent.

Sustained growth of new orders was recorded, helping to drive the improvement in overall business conditions. New work has now increased in six successive months. Total new orders were supported by a return to growth of new export business amid some signs of improving international demand.

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).