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Disbursed foreign direct investment (FDI) in Việt Nam this year experienced a positive increase of 9.1 per cent to US$19.1 billion. During the reviewed period, FDI commitment for 3,046 newly-licensed projects reached nearly $18 billion, equivalent to 85 per cent of the same period last year, according to the Foreign Investment Agency’s report published on Tuesday.
European Union (EU) countries and the European Parliament on Wednesday (Dec 19) agreed on details of a ban on single-use plastics, including plates, cutlery and drinking straws, in a bid to cut marine pollution.
Vietnam had become increasingly appealing to large foreign investor groups in the textile and garment industry who wanted to seize opportunities when the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) takes effect in January next year, according to analysts.
Viet Nam continues to affirm that the foreign-invested sector is an important component of the economy and is encouraged to promote long-term development, Deputy Minister of Planning and Investment Vu Dai Thang has said.
According to the National Financial Supervisory Commission (NFSC) , the Vietnamese economy is estimated to expand by 6.9-7% in 2018, driven by manufacturing and services. The leaders of the NFSC said, Viet Nam’s growth may exceed 7% in 2018 and remain at between 6.9-7.% in 2019. Truong Van Phuoc, acting chairman of the NFSC, said the high growth in 2018 is due to large contributions from the private sector.
Viet Nam targets to cater for 103 million guests, including 18 million international guests in 2019, said Minister of Culture, Sports, and Tourism Nguyen Ngoc Thien. Minister Thien made the announcement later last week at a conference to review operation of the Viet Nam National Administration of Tourism’s performance in 2018 and sketch out its plans for 2019.
Earlier in November 2018, during the official visit of French Prime Minister Édouard Philippe, Total signed an agreement with the Ninh Thuan People's Committee on the research and development of Ca Na gas-electric complex project.