Vietnam's industrial production grew by a modest 2.71% in the first six months of 2020 due to the impact of the coronavirus, according to the General Statistics Office.

Industrial production grows 2.71% in first half of 2020

Vietnam's industrial production grew by a modest 2.71% in the first six months of 2020 due to the impact of the coronavirus, according to the General Statistics Office.

Retail-service revenue increases 5.3 percent in June

Retail and service revenue amounted to some 2.38 quadrillion VND (103 billion USD) in June, up 6.2 percent on month and 5.3 percent on year.

New Joint Commission on Vietnam-Italy Economic Cooperation formed

The Ministry of Industry and Trade (MoIT) and the Italian Ministry of Foreign Affairs and International Cooperation have signed an agreement to establish a new Joint Commission on Economic Cooperation.

Second-half GDP growth to outpace first-half result

Vietnam's GDP in the third and fourth quarters will grow better than it did in the first half of the year as the country still has ample space for growth, a press conference in Hanoi on June 29 heard.

Circular on origin rules in EVFTA issued

Minister of Industry and Trade Tran Tuan Anh has signed Circular 11/2020/TT-BCT on rules of origin in the European Union - Vietnam Free Trade Agreement (EVFTA).

ADB believes Vietnam's 2020 growth will still be highest in Southeast Asia

The Asian Development Bank (ADB) recently forecast that Vietnam's economic growth this year would be 4.1 percent, 0.7 percentage points lower than its April estimate but still the highest expected in Southeast Asia.

IZs development needs planning to attract FDI

The development of industrial zones needs a comprehensive plan to capture the transition of the foreign direct investment (FDI) inflow spurred by trade wars and the COVID-19 pandemic in which Vietnam has significant opportunities to become the next global factory.

Govt issues decree on ODA management and use

The government has recently issued Decree No.56/2020/ND-CP on management and use of official development assistance (ODA) and concessional loans granted by foreign sponsors to Vietnam.

More effort needed to improve Provincial Competitiveness Index

According to the 2019 Provincial Competitiveness Index (PCI) recently released by the Vietnam Chamber of Commerce and Industry (VCCI), Vietnam's business environment has improved significantly compared to the previous years.

Ninh Binh drops ten positions in PCI ranking

With 64.58 points, the northern province of Ninh Binh has slipped ten positions to 39th out of 63 localities nationwide in the Provincial Competitiveness Index (PCI) in 2019.

Ninh Binh's exports slump in April

Ninh Binh's exports fell 30.3 percent from the same month last year to 134.8 million USD in April.

Quang Ninh tops Vietnam's provincial economic governance for third straight year

The northern province of Quang Ninh remains the most economically competitive province in Vietnam for the third consecutive year, followed by Dong Thap and Vinh Long in the Mekong Delta.

Vietnam's exports surge 4.7 percent in four months

Vietnam's export value saw a year-on-year increase of 4.7 percent to an estimated 82.9 billion USD in the first four months of this year, according to the General Statistics Office (GSO).

VN exports over 415 million face coverings in first four months

Viet Nam has exported 415.7 million cloth masks, fine dust masks, and two-layer cotton masks worth US$ 63.19 million since the beginning of 2020, the Viet Nam Customs reported.

Foreign investment inflows dip nearly 15% in first 4 months

Total foreign investment inflows recorded a year-on-year decrease of 14.5% to US$12.33 billion as of April 20, according to the Ministry of Planning and Investment.

Ninh Binh succeeds in controlling African swine fever

According to the latest report of Ninh Binh Animal Husbandry and Veterinary Authorities, no African Swine fever disease outbreak in 100% of communes and wards in the province for 40 past days.

Ninh Binh's development investment up 6.8 percent in Q1

The total amount of development investment in northern Ninh Binh province exceeded 4.94 trillion VND (210 million USD) in the first quarter of 2020, up 6.8 percent year-on-year, according to the provincial Department of Statistics.

State-owned enterprises face 3.7-trillion-VND loss in Q1 due to COVID-19

Nineteen State-owned groups and corporations under the Commission for the Management of State Capital at Enterprises incurred losses worth more than 3.7 trillion VND (160 million USD) in the first quarter due to the impacts of the COVID-19 pandemic.

Ninh Binh province's exports enjoy steady growth in first two months

Ninh Binh province's export turnover reached 313 million USD in the first two months of 2020, representing a year-on-year rise of 9.3 percent and higher than the country's average growth of 1.5 percent.

Vietnam renews trade remedies measures on imported steel products

The Ministry of Industry and Trade has issued a decision to extend the application of measures on preventing evasion of safeguard duty to rolled steel and steel wire imported to Vietnam from March 22, 2020.