Business News

During the first seven months of this year, some 425 million tonnes of goods have been moved through seaports across the country, a six per cent increase from the same period last year. Of which, exports accounted for 106 million tonnes, a nine per cent increase, imports 133 million tonnes, a two per cent increase and domestic trade 184 million tonnes, a seven per cent increase from the same period last year.

The national consumer price index (CPI) in July grew by 0.62 percent against June and 2.64 percent year-on-year, according to the General Statistics Office (GSO).

The national index of industrial production (IIP) increased 7.9 percent year-on-year in the first seven months of this year, according to the General Statistics Office.

The stressful situation of the COVID-19 pandemic continues to be one of the reasons why foreign investment capital (FDI) into Vietnam has declined.

The electronics industry is forecast to have a robust year, driven by the increase in demand for communication's products due to demand caused by social distancing measures implemented to tackled rising cases of COVID-19, according to the Ministry of Industry and Trade.

Vietnam and the United States are expected to see their bilateral ties, especially in investment and trade, to escalate from this year thanks to the latter’s high-level visits to the former, with both nations expected to raise their relationship to a higher level.

Vietnam's import-export value reached 373.36 billion USD in the first seven months of this year, according to the General Statistics Office.

Việt Nam’s current account surplus is forecast at 6.2 per cent of GDP in 2021 and will narrow over the coming decade as part of a general long-term narrowing trend.