Business News

Vietnam raked in approximately $77 billion from the export of phones, computers, electronic products, and spare parts during the past eight months of the year, according to the information published by the Ministry of Industry and Trade.

Ho Chi Minh City attracted 2.97 billion USD in foreign direct investment (FDI) this year to September 20, a year-on-year increase of 26.1 percent, according to the municipal Department of Planning and Investment.

Vietnam is forecast to achieve economic growth of 7.2% in 2022, driven by a strong rebound in domestic demand and continued solid performance by export-oriented manufacturing, according to the World Bank (WB).

Việt Nam's gross domestic product (GDP) expanded 13.67 per cent in the third quarter of this year, helped by a rebound in manufacturing and a lower base than a year ago, the General Statistics Office (GSO) said Thursday.

According to the Ministry of Planning and Investment's Foreign Investment Agency, Vietnam counted total FDI inflows of about $18.7 billion in the first eight months of the year, equivalent to 84.7 per cent of the previous year's total.

Analysts from Mirae Asset Securities Vietnam Joint Stock Company, Nguyen Nam Son and Nguyen Duong Cong Nguyen, said that the corporate bond market will see many fluctuations in the short term, related to the review of the compliance level of bond issuance.

Vietnam’s total merchandise import and export value was US$65.98 billion in August 2022, up 7.9% or US$4.84 billion from the previous month, said the General Department of Vietnam Customs. Specifically, the export value was US$34.92 billion, up 14.1% or US$4.31 billion and the import value was US$31.06 billion, up 1.7% or US$526 million.

The General Department of Vietnam Customs (GDC) required its subordinates to adopt solutions to improve indicators related to the business environment to ensure effective implementation and achieve the goals as expected by the Government.