Business News

Foreign investment inflows into Việt Nam during the first nine months of this year rose 4.4 per cent year-on-ear to US$22.15 billion despite the impact of COVID-19, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

The progress of road transport infrastructure projects in the form of public-private partnership (PPP) investment method is being slowed down because investors are facing numerous obstacles with legal documents, according to the Vietnam Association of Road Systems Investors (VARSI).

The business community has actively sought new directions, applied digital transformation in business operations to make the most of business activities. Digital economy is more apparent than ever.

The newest edition of the Global Innovation Index (GII) ranked Vietnam 44th in the world, which is a considerable improvement on its average rank of 68th during 2013-2015. The country continues to take the lead in the lower-middle-income group since the previous year.

Only a few spare parts are produced domestically, forcing domestic manufacturing and assembling enterprises to import automobile spare parts from other sources, experts said.

Vietnam may attract about 30 billion USD in foreign direct investment (FDI) in 2021, posting a year-on-year rise of 2 percent, economists forecast, pointing to positive signs in FDI attraction in the first eight months of 2021 despite the complexities of COVID-19.

Banks have been promoting the mobilisation of medium- and long-term capital through bond issuance to meet the State Bank of Vietnam (SBV)’s requirements on capital adequacy ratio (CAR).

The Directive states that the fourth COVID-19 wave tied to the Delta variant has produced tremendous disruption in production, circulation, consumption and export of farm produce, particularly in areas placed under social distancing, leading to high stockpiles and tumbling prices.