Foreign investment from new capital registration, capital adjustment, share purchasing in 2020 was seen at $28.53 billion, down 25 percent from a year ago, according to the Ministry of Planning and Investment.
The State Bank of Vietnam targets 12% lending growth for 2021, almost unchanged from 2020 growth at 12.13%, Deputy Governor Dao Minh Tu told Thursday conference in Ho Chi Minh City.
The manufacturing and processing sector creates more than 300,000 new jobs every year, contributing much to the country’s economic development, according to a report from the Ministry of Industry and Trade.
Fitch Solutions maintain forecast for Vietnam’s 2021 budget deficit (excluding debt repayment) to be 3.6 percent of gross domestic product, slightly lower than the government’s 4 percent estimate.
- 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
Vietnam's GDP is expected to grow by 6.8 percent in 2021, thanks to the country's success in controlling the COVID-19 pandemic, Country Director of The World Bank in Vietnam Carolyn Turk said.
Facing US tariff threat, Vietnam’s furniture makers fight back against claims of illegal trading practices
Vietnamese businesses are pushing back against investigations by the United States into its timber industry and currency management that threaten to wipe out Vietnam’s huge gains from the US-China trade war.
American companies on Tuesday urged the United States Trade Representative (USTR) to drop an investigation into Vietnam’s currency practices that could lead to tariffs on a wide range of Vietnam goods.
Vietnamese economy will enjoy spectacular growth over the coming 15 years, rising 18 notches to 19th position by 2035, according to the Centre for Economics and Business Research.
Vietnam government is striving for an economic growth of 6.5% in 2021, 0.5ppt more than its official growth target of 6% for 2021, PM Nguyen Xuan Phuc told a conference in Hanoi.
Vietnam has estimated a trade surplus of $19.1 billion in 2020, with bilateral trade revenue was seen at $543.9 billion, according to data from the General Statistics Office.
Vietnam’s GDP expanded 2.91 percent this year, becoming a rare economy in the world reporting economic expansion when Covid-19 pandemic badly hit global economy, according to the General Statistics Office.
Vietnam’s bilateral trade with India during the Jan.-Nov. period dropped over 14 percent year-on year to $8.82 billion, according to data from the General Customs Department.
Vietnam’s bank lending grew 10.1 percent as of Dec. 21 from end-2019 and increased 11.6 percent from a year ago, according a statement from the State Bank of Vietnam.
Despite pandemic, Vietnam’s Ministry of Agriculture and Rural Development has set 2021 seafood export target at $9 billion, an increase of 6 percent compared to estimated achievement in 2020.
Vietnam’s GDP is expected to grow 3% in 2020 while the world economy is expected to contract 4% amidst the biggest global shock of the past decades, World Bank report said.
Despite pandemic Vietnam’s import-export value in 2020 is expected at more than $500 billion, statistics from the General Department of Customs show.