VIETNAM’S E-COMMERCE MARKET GENERATES $11.8 BILLION IN 2020
According to a report by the Ministry of Industry and Trade's Department of E-commerce and Digital Economy, 53 per cent of the population has joined the online retail market, boosting the growth of Vietnam’s e-commerce sector by 18 per cent to $11.8 billion, accounting for 5.5 per cent of the total retail sales.
HAI PHONG TARGETS US$2.5-3 BILLION OF FDI IN 2021
The northern port city of Hai Phong has set a target of attracting US$2.5-3 billion in foreign direct investment (FDI) in 2021, with priority given to industrial and service projects using modern and highly efficient technologies.
REFORM IS PREREQUISITE FOR ECONOMIC RECOVERY
The Central Institute for Economic Management (CIEM) said that Vietnam’s GDP growth may reach 5.98% or 6.46% in 2021 under a more positive scenario. The economy will, nevertheless, still face many risks.
FOXCONN’S LAPTOP PLANT IN BAC GIANG AND IMPLICATIONS FOR VIET NAM
According to the Ministry of Planning and Investment, the project indicates that Government’s great efforts to improve business climate have brought about tangible outcomes in the context that multinational business giants are planning supply chain diversification and optimization.
PUBLIC INVESTMENT WILL FOCUS ON KEY PROJECTS: MINISTER
Public investment will focus on key national projects with important roles in enhancing regional links and creating new drivers and room for economic growth, Minister of Planning and Investment Nguyen Chi Dung has said.
VIETNAMESE COMPANIES THRIVE DESPITE DIVESTMENT OF FOREIGN SHAREHOLDERS
The increase in Viet Nam's stock market has helped foreign shareholders implement their disinvestment plans in Vietnamese enterprises. However, these activities will not have a significant effect on companies' internal systems.
VN FORECAST TO GROW 6.8% ANNUALLY IN 2021-2025
Viet Nam’s economic growth is projected to expand 6.8% per year in the medium term 2021 – 2025, according to the latest forecast jointly conducted by the National Center for Socio-Economic Information and Forecasting (NCIF) and the United Nations Development Program (UNDP).
