Business News

As of November 20, total FDI inflows into Vietnam were up 0.1 per cent on-year at $26.46 billion, according to the Ministry of Planning and Investment's Foreign Investment Agency, with newly- and additionally-registered capital both rising against the year previous.

Prime Minister Pham Minh Chinh recently signed Decision 1962/QD-TTg establishing six working groups responsible for inspecting and accelerating disbursement of public investment capital in 2021 at central and local agencies where disbursement fulfilled below 60% of the plan led by Deputy Prime Ministers and some ministers.

The Document of the 13th Party Congress sets out key tasks and solutions to create a premise for the next terms to successfully achieve the country's strategic development goals to 2030, with a vision to 2045. The Congress marked a new era and a turning point for Vietnam to actively initiate the second economic reform.

The plan envisages other goals including GDP growth rate of 6-6.5 percent, processing and manufacturing sector accounting for 25.5-25.8 percent of GDP, an average consumer price index growth of 4 percent, an average growth rate of labor productivity of 5.5 percent, and labor force in agriculture accounting for 27.5 percent of the total social labor force.

As of November 20, foreign direct investment capital inflows into Viet Nam reached US$26.46 billion, an increase of 0.1 percent compared to the same period last year.

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