Prime Minister Nguyen Xuan Phuc has affirmed the significant role played by the Vietnam Bank for Social Policies (VBSP) in the country’s poverty alleviation efforts.
Positive signs have been seen in shrimp exports since the beginning of this year and alongside a host of favourable conditions regarding market demand, the target of earning 4 billion USD from exports has been deemed “within reach”.
The United States surpassed China to become the largest importer of Vietnamese agricultural products during the initial two months of the year, with export turnover reaching over US$2 billion, according to statistics released by the Ministry of Agriculture and Rural Development (MARD).
The COVID-19 prevention and control work needs to ensure the twin targets of pandemic prevention and economic recovery and development so as not to affect production and business activities, Deputy Minister of Industry and Trade Do Thang Hai said at the Government’s regular press conference on March 2.
The Japan Trade Promotion Organisation (JETRO) will host an online scheme on March 3 in Hanoi aimed at connecting Japanese businesses in the field of manufacturing and production, known as Monozukuri in Japanese to facilitate co-operation amid the negative impacts caused the COVID-19 pandemic.
The initial two months of the year witnessed as many as 33,611 domestic businesses withdraw from the market, a rise of 18.6% in comparison to the same period from last year, according to statistics released by the Ministry of Planning and Investment.
Investors from the UK were showing significant interest in investing in renewable energy projects in Vietnam, especially wind power, expecting the Vietnamese Government to introduce long-term support policies as well as simplification of procedures for project implementation.
The Vietnam Airlines Corporation has said it is planning to invest nearly VND10 trillion (US$434.78 million) in Long Thanh International Airport, which is now under construction in the southern province of Dong Nai.
As a leading financial newspaper run by Japanese media giants Nikkei Inc., Nikkei Asia have stated that, “Southeast Asia's growth leader in 2021 may well be Vietnam”, during a recent article detailing ASEAN's GDP forecasts for the year ahead.
The Ministry of Industry and Trade (MoIT) is working to connect enterprises and localities facing COVID-19 outbreaks to ensure goods are consumed, especially agricultural produce in virus-hit areas.
Vietnam’s GDP growth is expected to rebound to 7% in 2021, driven by a recovery in external demand, a resilient domestic economy, and increased production capacity, according to the preliminary assessment by the ASEAN+3 Macroeconomic Research Office (AMRO).
Local businesses have been advised to diversify their markets to intensify import and export activities this year, alongside maximising the benefits of free trade agreements (FTAs), restructuring export products, developing stronger brands, whilst grasping market information and changes in the policies of importers, according to insiders.
European Business Leaders are more optimistic about Vietnam’s trade and investment than at any point since the outbreak of COVID-19, according to the Business Climate Index from the European Chamber of Commerce (EuroCham).
God of Wealth Day - on the 10th day of the lunar year, or February 21 this year - will still be celebrated but no one will be queuing up to buy gold, experts have said.
The total import and export value of foreign direct investment (FDI) enterprises in January saw a surge of 60.1% to US$39.16 billion, equivalent to an increase of US$14.69 billion, according to figures compiled by the General Department of Vietnam Customs.
The nation’s electronics exports have been booming following a period of consistent foreign investment into the sector, HSBC have stated in a recent report.
PSNews - Due to the impact of COVID-19 epidemic, investment flows worldwide in 2020 decreased by 40%. Still Vietnam was an exception as foreign investors kept looking for investment opportunities and expanding their investment in the S-shaped country.
Over half of Japanese firms operating in Vietnam and India have plans to expand their local operations, according to a recent online survey released on February 7 by Kyodo News of Japan.
Vietnamese fruit and vegetable exports in January endured a drop of 7.6% to US$260 million compared to the same period from last year, largely due to unpredictable developments relating to the COVID-19 pandemic, according to the Ministry of Agriculture and Rural Development (MARD).
Vietnam's tuna exports increased strongly in the first month of this year, especially to the US market with many orders.