Business

About US$3.72 billion in foreign direct investment (FDI) poured into Hanoi in 2020, according to the municipal Statistics Office.

Representatives from Vietnam and the United Kingdom signed a free trade agreement between the two countries in London on December 29 evening (Vietnam time).

Vietnam’s economy is expected to move to the 19th position in the rankings of the World Economic League Table in 2035, according to the Centre for Economics and Business Research.

National flag carrier Vietnam Airlines has endured a pre-tax loss of more than VND12 trillion for this year, although there remains optimistic signs ahead in comparison to previous predictions due to the devastating impact of the novel coronavirus (COVID-19) pandemic.

Reductions in business conditions and related administrative procedures have helped save about 18 million workdays each year, Minister and Chairman of the Government Office Mai Tien Dung said.

Prime Minister Nguyen Xuan Phuc has signed a decision on establishment of the Vietnam Exchange on the basis of rearrangement of the Hanoi Stock Exchange and Ho Chi Minh Stock Exchange.

Vietnam has attracted US$28.5 billion in foreign direct investment this year, down 25% compared to the previous year, according to the General Statistics Office.

Vietnam’s gross domestic product this year is expected to grow by 2.91 percent compared to 2019, according to Director General of the General Statistics Office Nguyen Thi Huong.

The Vietnam Travel Aviation Co. Ltd (Vietravel Airlines) made its debut in Ho Chi Minh City on Dec. 26 after fully meeting necessary requirements and procedures for commercial operation.

Vietnam is expected to achieve a GDP growth rate of 2.8% this year, a significant figure among new emerging economies despite the impact of the COVID-19 pandemic, revealed Finance Minister Dinh Tien Dung.

Thailand has continued to hold a large share of Vietnam's car imports according to initial statistics of the General Department of Vietnam Customs.

Trawling expeditions in the month of lunar November can bring good money to the fishermen in Phu Yen Province, especially bountiful catches of baby lobsters that are often used for breeding.

Vietnam has imported up to 308,325 pigs from Thailand since June, helping to ease the high pork prices in the domestic market.

The US, New Zealand and Canada are the most attractive countries for employer investment based on 200 factors that evaluated skills availability, cost efficiency, regulation and productivity, while Vietnam is among the top five in cost efficiency.

The Ministry of Planning and Investment has proposed special policies for large State-owned enterprises to make them spearheads in key industries of the economy.

Prime Minister Nguyen Xuan Phuc has asked the agriculture sector to strive for the target of 44 billion USD from exports in 2021.

A national forum aimed at fostering the development of local digital enterprises kicked off on December 23 in the capital as part of a one-year review since the implementation of the “Make in Vietnam” strategy.

The annual Vietnam Business Forum (VBF) 2020 opened in Hanoi on Dec. 22 with the theme “Challenges and opportunities in the new normal”.

The State Bank in Ho Chi Minh City branch forecasts that overseas remittances to the city will surpass USD5bn this year.