July consumer price index rose 0.62 percent against the previous month and picked up 2.25 percent compared to December last year, according to data from the General Statistics Office.
Total State budget in 2022 is expected to reach VND516.7 trillion ($22.6 billion), up 8.3 percent against 2021’s plan, according to the Ministry of Planning and Investment.
By the end of August, the total outstanding credit of the banking system in Hanoi reached $104 billion, up 1 percent over the previous month and 8.3 percent year-on-year.
Identified as a regional outperformer for exports, local businesses should remain alert to export credit risk and take steps to protect their cash flows.
- Vietnam’s State budget expected to rise by 8.3 percent in 2022 1
- Eight-month credit in Hanoi rises 8.3 percent 2
- Vietnam: strong exports carry weight of potential risks 3
- Vietnam’s FDI inflows slightly fall to $19 billion in eight months 4
- Vietnam strives to keep CPI growth low by end of 2021 5
- Exports up 25.5 pct in seven months 6
Foreign investment inflows to Vietnam reached $19.12 billion in the first eight months, down 2.1 percent against the same period last year, according to the Ministry of Planning and Investment.
Vietnam looks to maintain Consumer Price Index (CPI) growth lower than 1% a month during the last quarter of this year.
Vietnam gained $185.33 billion from exporting commodities over the last seven months of 2021, a year-on-year increase of 25.5 percent, according to the General Statistics Office.
Vietnam raked in $16.7 billion FDI in the first seven months of 2021, down 11.1 percent from the same period last year, data from the Ministry of Planning and Investment shows.
Vietnam targeted average growth rate of 6.5-7 percent over the 2021-2025 period, according to a resolution on socio-economic development plan adopted by the National Assembly on Tuesday.
Phones and components registered the biggest export value of $25.1 billion, accounting for 15.9% of the total revenue in the first half of 2021, according to the Ministry of Industry and Trade.
Vietnam reported a trade surplus with the U.S. in the first half at $37.3 billion, much higher than $22.9 billion surplus recorded a year earlier, according to Ministry of Industry and Trade.
Vietnam's trade balance was in an estimated $1 billion deficit in the first half vs $5.86 billion surplus a year earlier, according to data from the General Department of Vietnam Customs.
Fishery exports are expected to fulfill the $8.5 billion target in 2021, after collecting more than $4 billion in the first half of this year, Ministry of Agriculture and Rural Development said.
HBSC has lowered its growth forecast for Vietnam this year from 6.6 percent to 6.1 percent following the latest wave of Covid-19.
Southern province of Long has topped the nation by luring $3.3 billion foreign direct investment during the first half of 2021
Bank credit was seen increase 4.7% in the third quarter and 13% in 2021 despite pandemic, according to a recent survey conducted by the State Bank of Vietnam.