Economy

Foreign tourists to Vietnam drop 66.6 percent in eight-month period on pandemic

During Jan.-Aug. period, foreign visitors to Vietnam fell 66.6 percent on-year to 3.8 million since the Covid-19 pandemic impacted travel, according to General Statistics Office of Vietnam.

Vietnam’s Jan.-Aug. inflation increases 3.96%, a five-year high

Vietnam’s eight-month inflation rate rose by 3.96 percent year-on-year, the highest in the past five years, according to latest data released by the General Statistics Office.

Agro-forestry-fishery sector runs $6.2 billion trade surplus in 8 months

The agro-forestry-fishery recorded a trade surplus of $6.2 billion, a year-on-year increase of 4.9%, the Ministry of Agriculture and Rural Development (MARD) said Thursday.

Vietnam attracts $19.54 billion in FDI in eight months, down 13.7% ...

FDI into Vietnam between the beginning of this year and August 20 reached $19.54 billion, down 13.7% from a year ago, according to statistics released by the Ministry of Planning and Investment.

Government to increase budget for Ho Chi Minh City after 18 years

For the first time in 18 years, Ho Chi Minh City, growth engine of Vietnam’s economy will get higher ratio of State budget allocated by the government to deal with Covid-19 impact.

Vietnam reports $10bln trade surplus in Jan.–August 15

Vietnam recorded a trade surplus of $10 billion between January to August 15 this year as trade has bounced back, according to data released by the Vietnam Customs Office.

Vietnam to disburse $6.2bln for 515 agricultural projects

Ministry of Agriculture and Rural Development has been urged to implement important projects, aiming to promote disbursement of public investment capital and remove difficulties for investment projects.

Covid-19 suspends, dissolves 5,300 enterprises in Mekong Delta

Number of enterprises in Mekong Delta registering to suspend operations and dissolve has increased due to the impacts from coronavirus pandemic, said Vietnam Chamber of Commerce and Industry, Can Tho Chapter.

Central bank to adjust monetary policies to weather pandemic

The State Bank of Vietnam (SBV) announced it could adjust monetary policies, including credit growth and incentives, in the remaining months of the year to cope with the COVID-19 pandemic.

Japanese retail giants flock to Vietnam

Vietnam has emmerged as an attractive destination for Japanese retailers.

Vietnam seven-month coal imports jump 50 percent

Vietnam has spent around $2.6 billion on importing 36.5 million tons of coal in the first seven months of this year, up 50 percent in volume year-on-year.

Covid-19 pandemic hits Vietnam’s State-Owned Enterprises privatization ...

Vietnam’s plan to privatize state-owned enterprises has fallen further behind schedule partly due to the Covid-19 pandemic that has been taking tolls on economies, Ministry of Finance said.

Vietnam's export set to hit $340 billion in 2025

Vietnam’s export is set to grow 5% annually between 2021-2025 to reach $340 billion in 2025, according to the Ministry of Industry and Trade’s plan on socio-economic development for the period.

Vietnam’s Jan.-July trade surplus widens to $8.4bln despite virus

Vietnam posted a trade surplus of $8.4 billion in the first seven month of this year, much higher than $1.8 billion surplus in the same period of 2019, according to customs data.

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Economy

Vietnam's largest city pitches itself as regional financial hub after pandemic

Number of new businesses rise despite Covid-19

Vietnam’s eight-month trade surplus widens to nearly $12bln