Business News

During the fourth wave of the COVID-19 pandemic in HCM City, the supply chain of goods suffered many fluctuations which the modern retail enterprises must respond to in its distribution system instead of the traditional role of providing goods to consumers onsite.

During the Lunar New Year Festival (from January 29 to February 6), trade with the rest of the world reached US$ 3.05 billion, up 83 percent compared to the previous Tet.

The appearance of new variants of COVID-19 virus in 2021 slowed down the world economic recovery. In addition, the pandemic caused disruption to the global value chain, increasing the price of raw materials, which was a big challenge for production and business activities of many countries.

Minister of Planning and Investment Nguyen Chi Dung said, to fulfill the economic growth target of 6.5-7 percent for 2021-2025, the programme is set to ensure rapid recovery and development, as well as safe adaptation to the COVID-19 pandemic in 2022-2023.

In its recent report, Fitch said that improving levels of vaccination in the country should reduce the risk that the recovery is set back by further COVID-19 outbreaks. However, the evolution of the pandemic remains subject to uncertainties, in particular as daily cases have trended higher in recent months.

The news agency noted that last year, Vietnam enjoyed good results in foreign direct investment (FDI) attraction, and drew hundreds of millions of USD right in the beginning of 2022, which showed the strong confidence of investors, including many giant firms such as Foxconn, Pegatron, Wistron, LEGO and Nike, in the country's economic prospects.

Vietnam’s overseas investment in January, was estimated at 36.9 million USD, a nearly twelvefold increase from the same month last year, according to the General Statistics Office.

The Department of Planning and Investment of Nghe An Province has called on investors to develop an urban area project along the Vinh river in Vinh City, with a total cost of nearly VND1.44 trillion.