Business News

The positive achievements in socio-economic development in 2020 amid the prevalence of COVID-19 have offered Vietnam a further premise for the successful realisation of its socio-economic development targets this year.

Vietnamese enterprises invested 575 million USD abroad in the January-August period, up over 74 percent over the same period last year, according to the Ministry of Planning and Investment's data.

Vietnam attracted 14 billion USD in foreign direct investment (FDI) in the first eight months of this year, only 2 percent lower than the same period last year, showing foreign investors’ confidence in Vietnam’s economic scenario in mid-and long terms.

VCCI’s action program for implementation of the Resolution of the 13th National Party Congress emphasizes business roles in building the legal system to make a better business climate.

On September 8, 2021, the 14th Meeting of the Executive Committee of the Vietnam Chamber of Commerce and Industry (VCCI) of the sixth term ratified VCCI's work plan for the last four months of 2021, with a focus on support for businesses and business associations.

Vietnam's consumer price index (CPI) in August was 0.25 percent against the previous month, according to the General Statistics Office (GSO).

As many as 85,500 companies terminated operations in the first eight months of 2021, an increase of 24.2% from a year earlier, said the General Statistics Office (GSO). Ho Chi Minh City accounted for the most with 24,000 companies ending their operations, or 28.1% of total.

During their talks before the aforesaid event, the two ministers reviewed the bilateral defense ties, compared notes on regional and international issues of shared concerns, including the importance of freedom of navigation and aviation in the face of complicated developments in the region, and shared the two armies’ experience in the fight against COVID-19.