Business News

Vietnam’s exports to other major trading partners, including ASEAN, the Republic of Korea and Japan were US$13.8 billion, US$10.5 billion and US$9.9 billion, respectively.

Vietnamese economy grew 5.64 percent in the first six months this year despite the fourth COVID-19 wave which broke out on April 27, according to the General Statistics Office.

Six commodities saw export value of over 6 billion USD during the January-May period, accounting for 63.8 percent of Vietnam's total export turnover.

The World Bank (WB) is a very important development partner, which always supports and actively contributes to Vietnam’s socio-economic development, Prime Minister Pham Minh Chinh has said.

The total inflows of foreign direct investment capital reached US$15.27 billion in the first six months this year, down 2.6 percent compared to the same period last year.

After the fourth wave of COVID-19 emerged, some organizations lowered their growth forecasts for Vietnam. Before the ongoing COVID-19 outbreak, Oxford Economics, IMF, World Bank and HSBC forecast Vietnam's economy to grow by 6.6-6.8% this year. At present, their forecasts have been revised down.

Macroeconomic stability, controlled inflation, the 5-month consumer price index (CPI) growth of 1.29% - lowest since 2016, created room for price management targeted at CPI growth of less than 4%, said Minister of Planning and Investment Nguyen Chi Dung at the 57th Meeting of the National Assembly Standing Committee on June 15, 2021.

Prime Mnister Pham Minh Chinh urged the southern province of Binh Duong to develop a detailed plan for COVID-19 prevention at industrial parks.