Business News

Speaking at the Forum “Capital Market Development - Opportunities in the New Era” in Hanoi, Ms. Nguyen Le Thuy, Editor-in-Chief of the Economy and Forecast Review, said that Vietnam's economy is showing the likelihood of positive recovery. The country’s GDP expanded by only 2.91% in 2020, hammered by the COVID-19 pandemic impacts, but grew by 4.48% year on year in the first quarter of 2021.

Việt Nam exported US$10.61 billion worth of agricultural, forestry and fishery products in the first quarter of 2021, up 19.7 per cent compared to the same period last year.

The government of the northern province of Quang Ninh has granted the investment certificate for a solar photovoltaic cell factory project by Jinko Solar Hong Kong Company worth US$500 million.

Despite the pandemic, Vietnam's retail landscape is still heavy with potential, drawing an investment project of $1.1 billion by the largest Thai retailer, Central Retail Corporation.

Vietnam had 29,300 new companies with a total registered capital of VND447.8 trillion (US$20 billion) in the first quarter of 2021, which hired 245,600 workers, up 1.4% in companies, 27.5% in value and in 0.8% employees from a year earlier, according to the General Statistics Office (GSO).

Prime Minister Nguyen Xuan Phuc ordered the health, tourism and diplomacy sectors to soon study and issue a "vaccine passport" mechanism in order to promote trade and investment while addressing the Government’s regular meeting on March 31.

Việt Nam had 29,300 newly-established enterprises with total registered capital of VNĐ447.8 trillion in the first quarter of this year, according to the General Statistics Office (GSO).

Despite a range of newly-established industrial zones being added to the market, many others have been delayed for a long time and are at the verge of being revoked due to the weakness of their developers.