The manufacturing and processing sector has taken the lead in attracting foreign direct investment (FDI) since the beginning of this year, pulling in 6.1 billion USD, or over 43 percent of the total.
The nation must pay close attention to promoting the development of industrial production and retail due to both sectors continuing to be adversely impacted by the novel coronavirus (COVID-19) pandemic, according to the World Bank (WB).
The country’s economic growth in the first half of the year is expected to remain lower than expected due to the pandemic affecting production and business.
National flag carrier Vietnam Airlines has received a Foreign Air Operator Certificate (FAOC) issued by the Transport Canada, allowing it to operate flights to the North American country.
The Bank for Investment and Development of Vietnam (BIDV) has committed to quickly and safely serve the operation of the Fund for Vaccination Prevention of Coronavirus Disease 2019.
The Ministry of Industry and Trade has officially decided to impose an anti-dumping and anti-subsidy tax of 47.64% on some sugar products imported from Thailand for five years.
Ho Chi Minh City will prioritise investment for metro lines that are being implemented and other new projects under the development plan for railway and green transport development (BRT) projects for 2021-2025 period.
Vietnam’s Gross Domestic Product (GDP) is predicted to expand 5.8% in the first half of 2021, a lower-than-expected growth compared to the set target, according to the Ministry of Planning and Investment (MPI).
Contractors building eight wind power plants in Soc Trang province have promised to speed up work so that they can begin generating electricity before the end of October.