FDI INFLOWS GROW 8.2% IN JANUARY-AUGUST PERIOD
Foreign direct investment (FDI) inflows to Viet Nam grew 8.2 percent year-on-year to nearly US$18.15 billion in the first eight months this year, official statistic data shows.
HANOI’S INDUSTRY AND TRADE SEEING ROBUST DEVELOPMENT
Fifteen years after it expanded its administrative boundaries, Vietnam’s capital Hanoi has enjoyed rosy development in various fields, including industry and trade.
HANOI TOPS COUNTRY IN FDI ATTRACTION IN FIRST EIGHT MONTHS
Hanoi got over 2.34 billion USD of foreign direct investment (FDI) in the first eight months of this year, topping the whole country in FDI attraction during the period. The figure is up 2.89 times against last year. Hai Phong came second with over 2.08 billion USD, increasing by 72.2 per cent, followed by Ho Chi Minh City, Bac Giang, and Binh Duong.
SINGAPORE IS VIETNAM’S SECOND LARGEST FOREIGN INVESTOR
Among the 143 countries and territories investing in Vietnam, Singapore is the second biggest source of foreign investment with 3,274 active projects worth US$73.5 billion. More investment capital from Singapore is expected to come to Vietnam as Singaporean Prime Minister Lee Hsien Loong arrived in Vietnam yesterday for a three-day official visit at the invitation of his Vietnamese counterpart Pham Minh Chinh.
SCIENCE MINISTRY ISSUES ISO STANDARDS TO REALISE VN’S NET ZERO COMMITMENTS
The Directorate for Standards, Metrology and Quality under the Ministry of Science and Technology has issued International Standardisation Organisation (ISO) standards named TCVN ISO 14090:2020 that contain principles, requirements and guidelines to instruct organisations and sectors to adapt to climate change.
POLICY RATE CUTS BOOSTING STOCK PRICES: VINACAPITAL
The stock market recovery, which has been driven by lower interest rates in 2023, is likely to be sustained by higher earnings and attractive valuations in 2023, according to Michael Kokalari, chief economist at VinaCapital. In a recent note, he said the State Bank of Vietnam had cut policy interest rates four times this year -- the refinancing rate by 150 basis points to 4.5 per cent -- in stark contrast to its US counterpart, which has hiked rates four times, by 100bps to 5.5 per cent.
BLUE ECONOMY OFFERING UP FUTURE GROWTH
“The blue economy has developed very rapidly in recent years. In addition, the current world trend is the conservation and sustainable use of oceans, seas, and marine resources for sustainable development being implemented in many countries. These are all favourable contributing factors to the sustainable development of the blue economy in Vietnam,” Hoi noted.
18 RENEWABLE ENERGY POWER PLANTS NOW ONLINE
According to recent data released by Vietnam Electricity (EVN), as of August 11, nearly 93 per cent of renewable-energy transition projects have submitted their profiles to the Power Purchase Department for price negotiations and power purchase agreement (PPA) consultations, a substantial achievement for just over three months of rigorous effort.
