Business News

Vietnam’s GDP growth is forecast at 6.5% in 2022 and 6.7% in 2023 - a rebound made possible by Vietnam’s high COVID-19 vaccination coverage, the shift to a more flexible approach to controlling the pandemic, continued trade expansion, and the government's economic recovery and development program (ERDP).

The number of enterprises established in the first quarter of this year hit a record 34,590, according to the General Statistics Office.

The labour market has gradually recovered and achieved a good growth rate, Deputy General Director of the General Statistics Office Nguyễn Trung Tiến announced on Tuesday.

Vietnam’s export-import revenue in the first quarter of this year was estimated at 176.35 billion USD, up 14.37 percent year-on-year.

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.

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.

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.

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.