FDI REACHES OVER 8.1 BILLION USD IN Q1
The inflow of foreign direct investment into Vietnam hit 8.1 billion USD in the first quarter of this year, according to the Ministry of Planning and Investment.
APPAREL INDUSTRY SEES STABLE GROWTH AMID PANDEMIC
Despite the devastating impact of the COVID-19 pandemic, Việt Nam’s textile and garment industry has seen stable growth, recording an export turnover of US$8.84 billion in the first quarter of 2022 with an increase of 22.5 per cent against the same period last year.
MOIT PROPOSE AUCTIONS FOR RENEWABLE ENERGY
The Ministry of Industry and Trade (MoIT) has put forth a proposal to start auctioning solar and wind energy projects that did not complete the technical test phase prior to October 31, 2021.
DETERMINANT VIETNAM GRAND OPENING THIS APRIL - THE FIRST FLAGSHIP STORE IN THE HANOI – VINCOM MEGALL SMART CITY
DETERMINANT, Hanoi – This Apr, DETERMINANT, the fashion brand for modern and stylish men will open their first flagship store in Hanoi. Located at floor 2 of Vincom Megamall Smart City which is the largest mall scale among mega malls of Vingroup. This mall owns “Green Design” and “Smart Operation” bringing valuable experiences for customers in 4.0 times.
INTELLASIA FINANCE & BUSINESS NEWS - APRIL 08, 2022
1. Banks deny involvement in Tan Hoang Minh's bond issuance scandal
2. Vietnam reports $1.64 billion trade surplus in Q1: customs data
3. Vietnam expected to borrow VND2 quadrillion in 2020-2024
4. VN needs policies to promote clean energy
5. Businesses propose reduction of seaport infrastructure fees
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GREATER EFFORTS NEEDED TO TACKLE INEFFICIENT PROJECTS
Greater efforts and determination were needed to thoroughly tackle stagnant State-owned projects and create new resources and motivation to revive these projects and enable them to promote the country’s economic development.
INDUSTRIAL PROPERTY MARKET HEATS UP
Vietnam’s industrial real estate market is becoming hotter, driven by an increase in foreign direct investment (FDI) flows. Germany’s Framas Group recently leased a ready-built warehouse with an area of 20,000sq.m at KTG Industrial Nhon Trach 2 in the southern province of Dong Nai.
MEASURES SOUGHT TO SUPPORT BUSINESSES IN EXPANDING FOREIGN TRADE
The Ministry of Industry and Trade (MoIT) on April 5 held a conference to evaluate trade promotion activities in the first quarter of this year and seek ways to help localities, economic sectors and businesses surmount difficulties and build strategies to expand international trade activities in the new situation.
