Speaking at a workshop in HCM City yesterday, General Director of Vietnam Customs Nguyễn Dương Thái said the sector would reform administrative procedures, modernise customs, improve the business environment and enhance national competitiveness.
More than 1,360 new projects were licensed with total registered capital of $6.46 billion in January – May, surging 38 per cent against the same period last year, while 505 existing projects were injected an additional $2.63 billion, up 6 per cent year-on-year.
As of mid-May, Viet Nam ran a trade deficit of US$ 1.01 billion, the General Department of Customs reported. In the first half of May, total trade turnover hit US$21.24 billion, including exports of US$9.69 billion and imports of US$11.54 billion.
According to financial and banking expert Nguyen Tri Hieu, increasing the credit risk ratio would push up lending interest rates for luxury home purchase loans, which would harm the liquidity of this segment.
FDI attraction totaled US$ 16.74 billion in the first five months of this year, representing a year-on-year growth of 69.1%, the Ministry of Planning and Investment (MoPI) reported.
Foreign direct investment (FDI) pledges to Vietnam in the first five months of 2019 reached U.S.$16.74 billion, the highest figure in the last four years, according to the Foreign Investment Agency (FIA).
Deputy Prime Minister, Foreign Minister Pham Binh Minh had bilateral meetings with U.S. Secretary of the Treasury Steven Mnuchin, Secretary of Commerce Wilbur Ross, Acting Secretary of Defense Patrick Shanahan on Thursday.
The Government has issued Decree 37/2019/ND-CP detailing implementation of some articles of the Law on Planning. The ruling also provides for the construction of a national information system and database on planning.