Business News

Under the recent TMX report "The great supply chain migration – breaking down the cost of doing business in Asia," the average total operating cost for a manufacturing company in Việt Nam ranges from US$79,280 to $209,087 per month, compared to leader Singapore at $366,561 and second placed Thailand at $142,344.

Standard Chartered Bank forecasts Viet Nam’s recovery will accelerate markedly in 2022, with GDP growing by 6.7 per cent. The bank also raises its 2023 growth forecast for Viet Nam to 7 per cent as it believes the country’s positive medium-term outlook remains intact.

Deep integration into the world economy and the effect of free trade agreements (FTAs) have created new momentum, opened up vast cooperation opportunities, and helped promote trade and investment connectivity for the business community.

With 424 out of 426 votes in favor, the National Assembly approved the Resolution on socio-economic recovery and development program on January 11 in Ha Noi.

Eight commodities had export value exceeding 10 billion USD in 2021, according to the General Statistics Office.

In 2021, foreign direct investment (FDI) attraction was considered a "high spot" in the economic picture, which was heavily stained by the COVID-19 pandemic. This trend is expected to extend in 2022.

India and Viet Nam have enjoyed excellent relations with a tradition of helping each other during adversities, showing sensitivity to each other's concerns and aspirations, and supporting each other's national development, said Ambassador Extraordinary and Plenipotentiary of the Republic of India to Viet Nam Pranay Verma.

According to the Ministry of Industry and Trade, in the year, Vietnam exported 45.8 billion USD worth of goods to the EU, up 14.2 percent year on year, while importing 17.9 billion USD worth of products from the market, a rise of 16.5 percent.