Business News

According to the report by Vinh Phuc Industrial Park Authority, in 10 months of 2022, industrial parks (IPs) in the province attracted 21 new FDI projects and 28 capital increases for a total investment capital of US$292.6 million, reaching 98% of the year plan. The province attracted 14 new DDI projects, with a total registered capital of VND2,261.58 billion, reaching 323% of the plan in 2022.

Vietnam's export value totaled US$326.68 billion in the year to November 15, representing a year-on-year growth of 14.83% or an addition of US$42.2 billion, compared to US$284.48 billion in the same period of 2021).

The foreign direct investment (FDI) in the first 11 months of this year exceeded 25.1 billion USD, according to the Ministry of Planning and Investment.

Economists urged policymakers to regularly conduct comprehensive reviews and studies of the current systems to identify shortcomings and limitations and quickly address them to help improve the quality of the Vietnamese labour force.

According to the firm, Vietnam has maintained export momentum thanks to Free Trade Agreements (FTA), and it has also retained stability of the domestic financial and monetary market in the face of external challenges.

According to the Ministry of Planning and Investment's Foreign Investment Agency, Vietnam counted total foreign direct investment (FDI) inflows of about $25.1 billion in the first 11 months of the year, equivalent to 95 per cent of the previous year's total.

The event “Technological Investment Cooperation between Vietnam and South Korea” was hosted by Vietnam Investment Review in collaboration with Vietnam Blockchain Association (VBA), Korea NFT Content Association (KONCA), and NBN Korean TV Channel on November 28.

During the period, new capital registered in the country by foreign investors saw a yearly decline of 18 per cent to $11.5 billion while their capital contributions and share purchases also declined 7 per cent year-on-year to nearly $4.08 billion.