Economy

Foreign investment to HCMC in five months drops 16.5%

Ho Chi Minh City, Vietnam's largest city, reported $1.34 billion foreign investment inflow in the first 5 months of 2021, down 16.5% from a year ago, according to the municipal Statistics Office.

Vietnam reports 5-month FDI inflow at $14 bln, up 0.8% despite pandemic

Jan.-May disbursed capital of foreign direct investment projectsin Vietnam was estimated at $7.15 billion, up 6.7 percent year-on-year.

Vietnam’s 2021 import-export revenue expected to reach $600 bln

Vietnam expects $600 billion in import-export turnover in 2021 since the country posted solid export performance in the first quarter of 2021.

Gov’t seeks to allow HCMC to retain 23% budget revenue, up from current ...

PM Pham Minh Chinh is seeking National Assembly’s approval to allow Ho Chi Minh City to retain 23 percent of its budget revenues, up from 18 percent, to create conditions for development.

Ho Chi Minh City reports four-month credit growth at 3%

Credit institutions in HCMC recorded a credit growth at 3% in the first 4 months of 2021, exceeding growth rate of deposits of 0.65%, according to State Bank of Vietnam, HCMC Branch.

Four-month State budget revenue goes up 7.3 percent

The State budget revenue was estimated at VND543.4 trillion ($23.7 billion) in the first four months of 2021, up 7.3 percent from a year earlier, said the Ministry of Planning and Investment.

Vietnam's economic growth in 2021 expected at 6.5%: IMF

Economic growth of Vietnam in 2021 is forecast to rise by 6.5%, higher than the global average of 6%, before climbing to 7.2% in 2022, according to the International Monetary Fund.

Vietnam 1Q trade surplus narrows to $2.02 bln vs $2.8 bln

Vietnam’s trade surplus in the first three months of 2021 significantly narrowed to $2.02 billion from $2.8 billion in 1Q 2020, according to data from General Statistics Office.

Vietnam credit growth hits 2.93% as of end-March

Credit growth as of March 31 is estimated at 2.93% against the end of 2020, higher than 1.3% growth of the same period of 2020, according to the State Bank of Vietnam.

Vietnam’s Feb. inflation hikes 1.52%, highest in eight years

The consumer price index in February increased by 1.52% against the previous month, the biggest increase recorded over the last eight years, according datda released by the General Statistics Office.

Southeast Asia's growth leader in 2021 could be Vietnam

Southeast Asia's growth leader in 2021 may be Vietnam. The nation is reportedly targeting a 6.5 percent growth rate this year, according to Nikkei Asia’s article.

Vietnam Jan-Feb FDI inflows fall 15.6% y/y to $5.46 bln

Vietnam received $5.46 billion in foreign direct investment in the first two months of the year, down 15.6 percent from a year ago, according to the Ministry of Planning and Investment.

Vietnam’s Jan.-mid-Feb trade surplus hits $3 billion

Vietnam reported a trade surplus of nearly $3 billion by mid-February, according to data from the General Department of Vietnam Customs.

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Economy

Vietnam's credit growth up 5.1 pct as of June 15 from end-2020

Vietnam sees 5.8% GDP growth in the first six months of 2021

Raw material imports increasingly expensive, stoke inflation fears