VIETNAM BUSINESS FORUM - KEY OUTCOMES AND OUTLOOK: THE INSIDE STORY
You are invited to join this special hybrid event co-organized by AmCham and EuroCham to learn the inside story and key outcomes from the February 18 Technical Sessions and February 21 High-level VBF with Prime Minister Pham Minh Chinh, and the outlook for Vietnam and the VBF for 2022. The event is co-hosted with Consortium Member Chambers BritCham, JCCI, KoCham, and other chambers.
CPI RISES 1% IN FEB
The prices of fuel products in the local market were revised up in line with the global fuel price hike, and the prices of food and foodstuffs, out-of-home dining and public transport services during the Tet holiday increased, thereby pushing up the index in February, said Nguyen Thu Oanh, head of GSO’s Price Statistics Department.
MORE MONEY ADDED TO FDI PROJECTS
Several major foreign direct investments (FDI) projects increased their investment capital by hundreds of millions of US dollars in the first two months of 2022, according to the Foreign Investment Agency.
INT’L AIR ROUTES TO 20 COUNTRIES, TERRITORIES REOPENED
Vietnam has so far reopened air routes to 20 countries and territories, compared to 28 in 2019.
HCM CITY TARGETS COMPREHENSIVE DIGITISATION
According to the Department of Information and Communications, the city will implement comprehensive technology solutions and exploit shared data for the prevention and control of COVID-19 and hastening economic recovery.
DOUBLE RISE IN VIETNAM'S ADDITIONALLY-REGISTERED FDI IN THE FIRST TWO MONTHS
Besides this, $3.6 billion were added to 142 projects currently underway, more than twice as high as a year ago in value and 23.5 per cent more in the number of projects. Overseas investors also poured $769.6 million into 400 share purchase deals, an increase of 41.7 per cent on-year.
VIETNAM’S LOGISTICS SECTOR ATTRACTS MORE FOREIGN INVESTMENT INFLOWS
Foreign investors will continue to pour money into Vietnam’s logistics sector to seize post-pandemic development opportunities, Lao Dong newspaper quoted Piyush Rathorenoi, General Director of the Transworld QBV ICD as saying.
MANY DRIVING FORCES FOR ECONOMIC GROWTH
Vietnam is among the countries with the highest vaccination coverage and the country has adopted safe, flexible adaptation to and effectively controlled the COVID-19 pandemic. These are considered important foundations for a quick economic recovery to realize the targeted GDP growth of 6-6.5%, the GDP per capita of US$3,900, and the disbursement of 100% planned public investment capital.
