VIETNAM’S PROCESS MANUFACTURING ATTRACTIVE TO FOREIGN INVESTORS
Vietnam’s process manufacturing sector has to date attracted 252 billion USD in foreign direct investment (FDI), accounting for nearly 60 percent of the total foreign capital poured into the Southeast Asian country.
MEKONG DELTA’S ECONOMIC SCALE TO EXPAND 2-2.5 TIMES BY 2030
The Mekong Delta’s economic scale is projected to expand 2-2.5 times by 2030, according to Resolution No. 78/ND-CP dated June 18, 2022 by the Government regarding an action plan on the implementation of Resolution No. 13-NQ/TW dated April 2, 2022 by the Politburo on socio-economic development orientations and measures to ensure national defence and security in the Mekong Delta by 2030 and vision to 2045.
85 PER CENT OF BUSINESSES EXPECT BETTER SITUATION IN Q3
Up to 85 per cent of enterprises in the processing-manufactoring and construction sectors expected better and stable business situation in the third quarter of this year, while only 15 per cent predicted that the situation may be tougher, according to a survey conducted by the General Statistics Office (GSO).
FOUR REASONS MAKE VIỆT NAM AN ATTRACTIVE INVESTMENT DESTINATION
Over the last decade, Việt Nam has become a top destination for investment in manufacturing thanks to lower labour costs, simpler supply chain integration, better free trade access, and relative political stability, according to an article freshly published by the news site tradefinanceglobal.com.
TEXTILE-GARMENT EXPORTS SET TO REACH 43 BILLION USD THIS YEAR: VITAS
Vietnamese textile-garment producers set to earn up to 21 billion USD from exports in the second half of 2022, raising total shipments of the year to around 42 – 43 billion USD, Chairman of the Vietnam Textile & Apparel Association (VITAS) Vu Duc Giang told a press conference on July 21.
OBVIOUS RISKS CONTINUE TO CLOUD FOREIGN INVESTMENT PROSPECTS FOR THE SECOND HALF
According to the World Investment Report 2022, launched this month by the United Nations Conference on Trade and Development (UNCTAD), the world’s foreign direct investment (FDI) recovered in 2021 and hit nearly $1.6 trillion, but this course is unlikely to be sustained in 2022.
FDI REMAINS BRIGHT SPOT IN VIETNAM’S ECONOMY
The COVID-19 pandemic, which has lasted for more than two years, has taken a toll on all business and trade activities, and especially the Ukraine war has pushed the world economy into a gloomy state. However, in the general picture of the economy, FDI into Vietnam was a bright spot in the first months of the year.
INFLATION IN CHECK DUE TO FAVOURABLE FACTORS
The situation would be better back home as agricultural output is expected to keep pace with domestic demand. As farm produce weighs heavily on the Consumer Price Index (CPI), their supply-demand balance would result in inflationary stability.
