Business News

Last year the average interest rates on bank deposits for six months and 12 months were 4.7 per cent and 5.5 per cent, down half a percentage point from 2020, Bảo Việt Securities said.

In parallel with investment in transport infrastructure to increase connectivity, and expanding the area of industrial infrastructure to meet investors, over the years, Da Nang city has constantly strived to create an open investment environment so that Da Nang in general and its high-tech industrial zone, centralized information technology park and industrial parks in particular are really attractive destinations for domestic and international investors.

Việt Nam's GDP was forecast to grow by 5.5-6 per cent this year, albeit with significant risks and inflation in the range of 4-4.5 per cent in 2022 and likely over 5 per cent in 2023, said economists and policymakers during an economic forum organised by the Ministry of Planning and Investment in Hà Nội yesterday.

Minister of Industry and Trade Nguyen Hong Dien on May 11 (local time) accompanied Prime Minister Pham Minh Chinh in many activities in the US, including meetings with US partners operating in the field of energy.

Vietnam attracted over US$10.8 billion of foreign direct investment (FDI) in the first four months of the year, equal to 88.3% of the same period last year, according to the Ministry of Planning and Investment (MPI). Of the sum, the fund for new projects shrank by 56.3% but the added value to existing projects and equity purchases surged 92.5% and 74.5%, respectively.

Carrying out customs procedures anytime, anywhere, on any device is one of the important goals stated in the Plan for Customs Digital Transformation to 2025, with a vision to 2030.

Vietnam can become the second largest digital economy in Southeast Asia in 2025, while the country’s e-commerce market will draw more large-scale businesses, forecast experts at an online seminar in Ho Chi Minh City on April 20.

Overreliance on input material imports, small production value and outdated technology were among the major weaknesses of Việt Nam's steel industry, said a recent report by the Ministry of Industry and Trade.