Business News

In the first two months of this year, Vietnam posted a 5.4 percent growth in the index of industrial production, a 10.2 percent rise in export value and a 11.9 percent rise in the number of newly registered enterprises.

The resumption of international flights and the borders reopening in March will not only benefit Việt Nam’s hospitality sector but also drive demand for serviced apartments, according to Savills Việt Nam.

After a record-breaking year for mergers and acquisitions (M&A) in 2021, optimism for another supercharged year in 2022 remains, despite growing market headwinds. PwC’s latest Global M&A Industry Trends 2022 revealed a strong deals pipeline, the availability of abundant capital, and an ongoing intense demand for digital and data-driven assets as the reasons why.

The HCM City property market is expected to develop strongly in 2022 on the back of a number of infrastructure projects being completed or started during the period, experts said.

The northern port city of Hai Phong raked in 305.66 million USD worth of foreign capital in the first two months of 2022, given the complex developments of COVID-19.

Hanoi disbursed some 2.2 trillion VND (96.44 million USD) worth of investment sourced from the State budget in February, equivalent to 66.5 percent of last month’s figure, but an increase of 6.2 percent year-on-year, the municipal Statistics Office reported.

Foreign investors have poured nearly 5 billion USD in Vietnam so far this year, equivalent to 91.5 percent of that in the same time last year, reported the Foreign Investment Agency under the Ministry of Planning and Investment.

The prices of fuel products in the local market were revised up in line with the global fuel price hike, and the prices of food and foodstuffs, out-of-home dining and public transport services during the Tet holiday increased, thereby pushing up the index in February, said Nguyen Thu Oanh, head of GSO’s Price Statistics Department.