HAI PHONG ATTRACTS OVER 305 MILLION USD IN FOREIGN INVESTMENT IN TWO MONTHS
The northern port city of Hai Phong raked in 305.66 million USD worth of foreign capital in the first two months of 2022, given the complex developments of COVID-19.
HANOI: DISBURSEMENT OF PUBLIC INVESTMENT UP 6.2 PERCENT IN FEBRUARY
Hanoi disbursed some 2.2 trillion VND (96.44 million USD) worth of investment sourced from the State budget in February, equivalent to 66.5 percent of last month’s figure, but an increase of 6.2 percent year-on-year, the municipal Statistics Office reported.
VIETNAM ATTRACTS NEARLY 5 BILLION USD OF FDI IN TWO MONTHS
Foreign investors have poured nearly 5 billion USD in Vietnam so far this year, equivalent to 91.5 percent of that in the same time last year, reported the Foreign Investment Agency under the Ministry of Planning and Investment.
CPI RISES 1% IN FEB
The prices of fuel products in the local market were revised up in line with the global fuel price hike, and the prices of food and foodstuffs, out-of-home dining and public transport services during the Tet holiday increased, thereby pushing up the index in February, said Nguyen Thu Oanh, head of GSO’s Price Statistics Department.
MORE MONEY ADDED TO FDI PROJECTS
Several major foreign direct investments (FDI) projects increased their investment capital by hundreds of millions of US dollars in the first two months of 2022, according to the Foreign Investment Agency.
DOUBLE RISE IN VIETNAM'S ADDITIONALLY-REGISTERED FDI IN THE FIRST TWO MONTHS
Besides this, $3.6 billion were added to 142 projects currently underway, more than twice as high as a year ago in value and 23.5 per cent more in the number of projects. Overseas investors also poured $769.6 million into 400 share purchase deals, an increase of 41.7 per cent on-year.
MANY DRIVING FORCES FOR ECONOMIC GROWTH
Vietnam is among the countries with the highest vaccination coverage and the country has adopted safe, flexible adaptation to and effectively controlled the COVID-19 pandemic. These are considered important foundations for a quick economic recovery to realize the targeted GDP growth of 6-6.5%, the GDP per capita of US$3,900, and the disbursement of 100% planned public investment capital.
VIET NAM RECORDS $3.91B TRADE DEFICIT IN FIRST HALF OF FEBRUARY
In the first half of February, Việt Nam exported $8.75 billion worth of goods while its imports hit $12.66 billion. That brought the country's total trade value since the beginning of the year to $81.68 billion. During the period, the country also saw a trade deficit of over $2.5 billion.
