OPTIMISTIC EXPECTATIONS FOR FDI INFLOWS
In 2021, Vietnam is assessed to have many opportunities to attract FDI flows redirected from other economies because many investors already planned investment expansions and fresh investments. To catch this wave of investment flows, Vietnam needs appropriate solutions specific to the new context.
HCMC TO BECOME ECONOMIC, FINANCIAL HUB IN ASIA BY 2045
Ho Chi Minh City will strive to become an economic and financial hub in Asia by 2045 with gross regional domestic product (GRDP) per capita reaching some US$37,000, a municipal official has said.
FOREIGN INVESTMENT EXPANSION UP 41.4 PER CENT IN JANUARY
Total investment to expand capital at existing projects in January rose by 41.4 per cent on-year, while total investment increased by 51.7 per cent, excluding the $4 billion LNG project in Bac Lieu province registered in last January.
VN BECOMES TOP-PERFORMING ASIAN ECONOMY IN 2020
The Vietnamese economy grew 2.9% last year from a year ago, according to government estimates released in late December. That’s better than China’s forecast-beating 2.3% growth during the same period.
JANUARY FDI TOPS 1.5 BILLION USD
Foreign investors had poured 1.51 billion USD into Vietnam as of January 20, a 4.1 percent increase over the same period last year, according to the Ministry of Planning and Investment (MPI).
VIETNAM SEEKS TO EXPAND EXPORTS TO EU VIA POLAND
Effectively exploiting the Polish market is one of the ways to help Vietnamese goods make inroads into the EU market, experts told a workshop held by the Ho Chi Minh City Investment and Trade Promotion Centre (ITPC) on January 28 on the prospects for Vietnam’s exports to the EU through the Polish gateway.
STANDARD CHARTERED FORECASTS VIETNAM’S 2021 GDP GROWTH AT 7.8%
Standard Chartered expects Vietnam’s GDP growth to rebound to 7.8% in 2021 from over 2.9% in 2020, with manufacturing likely continuing to drive the economy and helping Vietnam outperform the rest of Asia.
PROSPECTS REMAIN BRIGHT OVER DENTED REMITTANCE INFLOWS
Based on forecasts from the World Bank as well as information from commercial banks and organisations working on inward remittance transfer, the inward remittance volume to Vietnam may have reached as much as $15.5 billion in 2020, placing the country ninth among the top 10 inward remittance recipients worldwide. Vietnam averaged a 35.6-per-cent hike a year during 2016-2020 compared to the 2011-2015 period.
