HCMC continues to post economic growth

HCMC continues to post economic growth

A recently released report by the Statistics Office of Ho Chi Minh City shows that despite being heavily affected by the Covid-19 pandemic, the socio-economic situation remains stable in the first six months of the year. Noticeably, the gross regional domestic product (GRDP) in the first six months of the year increased by 5.46 percent, higher than the estimated growth of 1.02 percent in the same period last year.
Vietnam attracts over US$15 billion of FDI in six months

Vietnam attracts over US$15 billion of FDI in six months

Foreign investors have poured US$15.27 billion of investment in Vietnam so far this year, equivalent to 97.4 percent of the amount recorded in the same period last year, according to the Ministry of Planning and Investment (MPI).
Foreign enterprises place trust, raise investment in Dong Nai

Foreign enterprises place trust, raise investment in Dong Nai

The trust of investors in the local business climate and support from authorities for enterprises count among the factors that have helped southern Dong Nai province almost reach its foreign direct investment (FDI) target for the year.
FDI capital hits US$14 billion despite Covid-19

FDI capital hits US$14 billion despite Covid-19

According to the Ministry of Planning and Investment, from the beginning of this year to May 20, the total newly registered and adjusted capital, capital contribution, share purchases, and purchases of contributed capital by foreign investors reached US$14 billion, up 0.8 percent over the same period last year. Realized capital of foreign direct investment (FDI) projects was estimated at $7.15 billion, up 6.7 percent year-on-year.
Improving investment environment: removing barriers, creating equality

Improving investment environment: removing barriers, creating equality

The total foreign investment capital in Vietnam in the first three months of this year was US$10.13 billion. According to many foreign enterprises, Vietnam is still the country with the safest and most attractive investment environment in Asia in the coming years. Meanwhile, many domestic enterprises complained that “there were still many thumbtacks under the red carpet".
FDI capital exceeds US$10 billion in Q1

FDI capital exceeds US$10 billion in Q1

According to the Foreign Investment Agency under the Ministry of Planning and Investment, the total newly-registered and adjusted capital, capital contribution, and share purchases of foreign direct investment enterprises from the beginning of this year to March 20 hit US$10.13 billion, up 18.5 percent over the same period last year.

Production at Minh Man Printing Company is still stable despite the Covid-19 pandemic. (Photo: SGGP)

Domestic enterprises remain struggling

More than 90 percent of domestic enterprises are small and medium-sized. The advantage of this business model is that it quickly responds to market fluctuations. However, in the opposite direction, due to small scale and weak internal resources, it is also vulnerable when the market experiences shock.
Mr. Nguyen Thanh Phong, Chairman of the People's Committee of Ho Chi Minh City, at the meeting with the Department of Planning and Investment of HCMC. (Photo: SGGP)

HCMC focuses on improving investment environment to lure investments

Mr. Nguyen Thanh Phong, Member of the Party Central Committee, Deputy Secretary of HCMC Party Committee, Chairman of the city People's Committee, on the afternoon of March 4, chaired the conference to approve the contents to implement the tasks in 2021 of the Department of Planning and Investment of HCMC.
The chicken processing factory for export of Thai CP Group invested in Becamex Binh Phuoc Industrial Park inaugurates in December, 2020. (Photo: SGGP)

FDI motivation in Southeast region of Vietnam

The Southeast is the key economic region in the South, attracting the most foreign investment (FDI) in the country. Along with efforts to improve the investment environment, Southeastern provinces have been expanding and adding more industrial zones to the planning to attract huge FDI projects and wait for the new investment wave shifting from other Asian countries to Vietnam.
Electronic product manufacturing at UMC Vietnam Company in Hai Duong Province. (Photo: SGGP)

Bright economic appearance after 35 years of innovation

Generally reviewing the country's economy after 35 years of implementing policy reforms, the draft political report of the 12th Party Central Committee submitted to the 13th National Party Congress stated that the socialist-oriented market economy continued to grow; macro-economy was stable, with the growth rate maintaining at a fairly high level; the quality of growth had been improved, and the scale and potential of the economy had increased.