Business News

Vietnam's credit growth in the first six months of the year hit 5.1 percent.

The Government agreed that the GDP growth target for this year remains unchanged, said Prime Minister Pham Minh Chinh.
Concluding the Cabinet meeting on Thursday, Pham said the Government agreed with the two economic growth scenarios envisaged by the Ministry of Planning and Investment.

The Consumer Price Index (CPI) rose 1.47 percent year-on-year in the first half of this year, the lowest since 2016, according to the General Statistics Office.

Foreign investors have poured 15.27 billion USD of investment in Vietnam so far this year, equivalent to 97.4 percent of the amount recorded in the same period last year, according to the Ministry of Planning and Investment.

The Government has recently issued Resolution 68/NQ-CP on assistance for people affected by the COVID-19 pandemic with twelve groups of policies.

The consumer price index (CPI) in June increased by 0.19% compared to the previous month, according to the General Statistics Office.

At a press conference following the Government’s regular meeting in Hanoi on July 1, Phuong said under the first scenario with a growth target of 6% for the whole year, growth in the third and fourth quarters should reach 6.2% and 6.5%, respectively, provided that the COVID-19 pandemic is basically curbed in July and there are no pandemic clusters in industrial parks and no social distancing in major cities and provinces.

While some foreign funds have stopped considering new investments in the Vietnamese market, domestic real estate businesses are actively acquiring projects and increasing land funds to prepare to invite overseas partners when the pandemic is finally under control.