Business News

The southern province of Binh Duong attracted US$1.6 billion in foreign direct investment (FDI) in the first quarter of 2022, an increase of 3.6 times compared to the same period last year, announced Chairman of the municipal People's Committee Vo Van Minh.

The Government will strive to lower recurrent expenses to below 60 percent of the State budget expenditures while increasing development expenditures to 29 percent in the 2021-2025 and continue this course in the following years.

The manufacturing sector witnessed accelerated growth and increased investor confidence in February. The reopening of borders is also a promising sign that is expected to further strengthen the confidence of international markets.

Vietnam is poised to emerge strongly from the COVID-19 pandemic and place itself firmly on the radar of foreign investors, buoyed by rapid industrialisation and a fast-growing middle-class, experts told AsianInvestor which focuses on the region’s investment industry.

Economists and experts are gauging possible impacts of the Russia-Ukraine conflict on Vietnam’s economy, focusing on effects on the country’s rebound efforts, as well as possible gains from the event.

Gaw NP Capital, a joint venture between Hong Kong Gaw Capital Partners and Vietnam NP Capital, plans to invest an additional $500 million into Vietnam's real estate market in the next 18 months.

In Jan-February, there were nine export commodities recording turnover of at least 1 billion USD, accounting for 71.6 percent of the total export value.

Vietnam's national index of industrial production increased 5.4 percent year on year in the first two months of this year. The processing and manufacturing sector, the main driver of the surge, went up 6.1 percent.