Business News

According to Standard Chartered, GDP growth in the third quarter may likely have slowed to 1.9 per cent on-year, from 6.6 per cent in the second quarter, as the pandemic hit the economy.

Despite COVID-19, foreign investors’ new capital registered in Vietnam reached 22.15 billion USD in the first nine months, up 4.4 percent compared to the same period last year, as heard at the Government Portal’s online conference held on September 27 with the participation of a number of localities housing foreign direct investment (FDI) projects.

The People's Committee of Ho Chi Minh City has just submitted a document to the Prime Minister and Minister of Finance proposing a number of solutions to support businesses and people affected by the COVID-19 pandemic.

FDI investors still have confidence in the prospects of the Vietnamese economy for several reasons, Dorsati Madani, Senior Economist at the World Bank Viet Nam told VGP in a recent interview.

Foreign investment inflows into Việt Nam during the first nine months of this year rose 4.4 per cent year-on-ear to US$22.15 billion despite the impact of COVID-19, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

The progress of road transport infrastructure projects in the form of public-private partnership (PPP) investment method is being slowed down because investors are facing numerous obstacles with legal documents, according to the Vietnam Association of Road Systems Investors (VARSI).

The business community has actively sought new directions, applied digital transformation in business operations to make the most of business activities. Digital economy is more apparent than ever.

The newest edition of the Global Innovation Index (GII) ranked Vietnam 44th in the world, which is a considerable improvement on its average rank of 68th during 2013-2015. The country continues to take the lead in the lower-middle-income group since the previous year.