Business News

The U.S. remains the largest importer of Vietnamese goods over the last seven months of 2022, spending an estimated sum of US$67.1 billion, while China was the biggest exporter of goods to Viet Nam with US$72.6 billion over the same period.

“In the first six months of 2022, VCCI has carried out a large amount of work, but the task in the last six months of the year still faces many challenges to achieve the set goals, requiring the united efforts of the Executive Committee,” said VCCI President Pham Tan Cong at the VCCI Executive Committee Meeting (7th Term) for the 4th time on July 30.

Ho Chi Minh City, Hanoi, Binh Duong, Dong Nai, Hai Phong, Quang Ninh and Ba Ria-Vung Tau are localities that frequently top the national rankings of foreign investment attraction, budget collection, per capita income and competitiveness index, among others.

Jointly organised by Singapore’s Centre for Liveable Cities and the Urban Redevelopment Authority, the biennial WCS returns to an in-person conference this year after a largely virtual summit in 2021.

Standard Chartered has forecast Viet Nam’s GDP growth at 10.8 percent in the third quarter, 3.9 percent in the last quarter of 2022, and 6.7% this year.

The accumulated realized capital of foreign direct investment (FDI) projects during the January-July period was estimated at US$11.57 billion, a year-on-year increase of 10.2 percent.

Up to 85 per cent of firms have an optimistic outlook for the business environment in Q4, whereas 15 per cent are pessimistic about the future, according to a survey conducted by the General Statistics Office (GSO).

Last month, CPI grew by 3.18 per cent compared to the end of last year. In the first six months of the year, the price index of raw materials used for production increased by 6.04 per cent compared to the same period last year. Prices of many imported inputs also soared.