As of June 20, the total newly registered, adjusted, and contributed capital to buy shares of foreign investors reached $14.03 billion, down 8.9 percent, according to the Ministry of Planning and Investment.
Vietnam’s economy was expected to grow 6.5 percent in 2022 and by 6.7 percent in 2023, according to a recent report from the Asian Development Bank (ADB).
Vietnam’s toys, and sporting equipment exports reached $402.3 million in June, up 24.7% over the previous month. The US was the main market, according to the General Department of Customs.
HSBC has revised Vietnam’s GDP growth forecast from 6.6 percent to 6.9 percent in 2012 following large-scale economic recovery and 7.72 percent GDP growth rate in Q2.
- Vietnam's per-capita income expected to reach $7,500 by 2030 1
- Vietnam's 2022 economic growth estimated at 8.02% 2
- Vietnam’s exports up 10.6% in 2022 3
- Vietnam's garment exports to Indonesia increase fourfold 4
- Foreign investment to Vietnam may hit $27.72 billion in 2022 5
- Overseas investment reach $534 million in 2022 6
Vietnam’s GDP is likely to expand by around 7 percent in 2022, much higher than 2.58 percent growth of 2021.
Computers and electronic components continue to be the lead group of imported goods, with a turnover of approximately $40 billion, according to the latest data from General Department of Customs.
Second quarter’s GDP increased 7.72 percent year-on-year, the highest growth rate since 2011, reported the General Statistics Office of Vietnam.
The number of newly registered enterprises in the first 6 months of 2022 reached a record level with 76,233 enterprises, according to data from the Ministry of Planning and Investment.
The State Bank of Vietnam (SBV) will increase the frequency of selling foreign currency amid rising U.S, interest rates, the Government website reported.
Vietnam lawmakers have passed a resolution to approve the government’s overspending of about $9.3 billion in 2020, approximately 3.4 percent of the year’s GDP and within the limit set by the legislature.
Twenty-seven export items joined the “one-billion-USD” club in the first five months of this year, as compared with only 23 seen in the same period last year, according to trade official.
The FDI sector reported a trade surplus of over $13.6 billion in the first five months of 2022, according to the Ministry of Industry and Trade.
The International Monetary Fund forecasted that Vietnam’s GDP will reach $571.1 billion by 2025, surpassing the Philippines and Singapore to become the third largest economy in the Southeast Asia.
Due to the slow progress of equitization, the scale of state-owned enterprises in the economy is still large, accounting for 7% of total assets and 10% of the equity of all enterprises.
Disbursed volume of FDI reached $7.71 billion over the last five months, up 7.8 percent from the same period last year, according to the Ministry of Planning and Investment.
The Government has asked for an extension to a pilot program designed to handle bad debt from domestic financial institutions during a meeting of the National Assembly on May 24.