Business News

Industry continued to prosper last year, with added value increasing by 4.82 per cent compared to 2020, which will be an important factor in boosting national economic growth in 2022.

By strengthening international cooperation in energy and completing mechanisms and policies in the field, Vietnam is working to improve the efficiency, sustainability and adapting capacity for the national energy sector.

Foreign investors maintain an optimistic outlook for Vietnam’s economic growth next year though the country suffered a challenging 2021 as it was hit hard by the pandemic, according to an article posted on the website Vietnam Briefing of Dezan Shira & Associates.

The Ministry of Health has announced procedures for the issuance of Vietnam’s official COVID-19 'vaccine passports’ along with the passport templates.

Incoming remittances to Vietnam would rise 10% year-on-year to some US$12.5 billion this year, the Foreign Exchange Management Department under the State Bank of Vietnam (SBV) announced at a press conference yesterday, December 28.

Despite a negative impact caused by the COVID-19 pandemic, the country's exports have scored a success this year with 11-month export revenues reaching approximately US$300 billion.

According to the Ministry of Planning and Investment's Foreign Investment Agency, $15.2 billion was poured into 1,738 newly-licensed projects, a decrease of 31.1 per cent in number but a rise of 4.1 per cent in value.

In 2020, Tien Thinh Trading and Construction Services Co., Ltd. implemented dozens of solar projects in many southern provinces and cities, with total revenues of the company reaching around $430,000. However, this year the firm only implemented a few small-scale projects with total revenues shrinking to one-tenth lower.