Business News

Vietnam is being warned of an inflation increase this year due to great pressure on rising prices of commodities used for domestic production, affecting consumption recovery and growth.

HCMC needs 59,600-65,500 workers in the second quarter of the year as the Covid pandemic has been brought under control, according to the Center of Forecasting Manpower Needs and Labor Market Information HCMC (Falmi).

According to a report by Savills Việt Nam, the primary market supply was 4,050 units, a drop of 48 per cent quarter-on-quarter and 18 per cent year-on-year.

The resolution sets the target of revamping the growth model and improving productivity, quality, competitiveness, self-reliance, adaptation and resilience of the national economy.

Although a decrease of 56.3 per cent was seen in the newly-registered capital to nearly $3.7 billion, a respective surge of 92.5 per cent and 74 per cent was recorded in the investment injected into operating projects to nearly $5.29 billion, and capital contributions and share purchase deals to $1.83 billion.

Additionally-registered and purchasing shares of FDI capital kept rising at 92.5 and 74.5 per cent on-year, respectively, while the total foreign investment (FDI) inflows in the first four months decreased by 11.7 per cent.

Undergoing 47 years of change since national reunification, Vietnam has witnessed big strides with the major contributions from foreign investment, while the government vows to continue creating the best conditions for investors to perform in the country.

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.