Vietnam - an attractive investment destination for foreign investors

Vietnam attracted nearly US$22 billion in foreign investment in 2013, the highest figure since 2008, according to statistics from the Ministry of Planning and Investment (MPI)'s Foreign Investment Agency.

Economic restructuring promoted

The Government has committed to undertaking economic restructuring in 2014, focusing on investment, credit organizations, the financial market, SOEs, agriculture and rural areas, industry and service.

RoK, Vietnam enhance agricultural cooperation

Senior officials from Vietnam and the Republic of Korea signed a Memorandum of Understanding (MoU) on agricultural cooperation and food safety and Sejong on January 13.

Brighter prospects for Vietnamese economy

The Vietnamese business community continues to believe in brighter economic prospects for 2014, due to the Government's drastic measures on easing difficulties and expectations emerging from a Trans-Pacific Partnership (TPP), said domestic experts.

Vietnamese rice to face tough competition in 2014

The Vietnam Food Association (VFA) has forecasted Vietnamese rice will face tough competition from Thailand and other rice-exporting Asian nations in 2014.

Positive signs for banking sector in 2014

Encouraging movements in business activities, bank services, liquidity, credit and capital mobilisation in the banking system in the fourth quarter of 2013 signal a brighter 2014 for the sector.

VN Economic Outlook 2014: Exports, FDI to support growth

The future is looking brighter for Viet Nam as the country begins the Year of the Horse, economists say.

Investment climate under reform pressure

Despite 2013's economic difficulties, Vietnam attracted more than US$21 billion in registered foreign direct investment (FDI), a 54.5% improvement on 2012. But experts warn the country risks lagging behind without stronger efforts at reform.

2013: A successful year in attracting foreign investment

The economy of Vietnam expanded by 5.42% in 2013, with one fifth of GDP contributed by foreign-invested companies. With pledges totalling US$21.6 billion, foreign direct investment (FDI) in 2013 far exceeded the estimate of US$13-14 billion.

Industrial production grows by 7.4 percent in 2013

Vietnam's industrial production value in 2013 grew by 7.4 percent from last year's figure thanks to the remarkable recovery of the processing and manufacturing industry.

2014 to be a good year for Vietnamese exports

Vietnam's exports are forecast to enjoy a good year in 2014 thanks to the country's efforts to expand markets and new opportunities generated from trade deals that are expected to be concluded next year.

Agriculture, forestry and fishery exports record growth in 2013

Vietnam's export revenue from agriculture, forestry and fishery in December totalled over US$2.3 billion, bringing the aggregate sectoral export revenue in 2013 to US$27.4 billion, up 0.7% over 2012.

VN economy sees positive prospects

German Press Agency (DPA), Bloomberg, and The Wall Street Journal (WSJ) recently published articles, announcing economic prospects in Viet Nam in which full-year growth rose 5.42% and inflation reached a record low in ten years.

CPI hits 10-year record low

The Consumer Price Index (CPI) in December increased by 0.51% against the previous month, contributing to a year-on-year rise of 6.04%, the lowest rate recorded for a decade.

GDP up 5.42% in 2013

This year's GDP grew by 5.42% compared to the previous year, lower than the set target for 5.5% but higher than last year's figure of 5.25%.

Overseas remittances likely to hit US$11 billion

Commercial banks are expecting a sharp increase in overseas remittances as 2013 draws to a close, estimating a yearly total approaching US$11 billion.

Trade surplus signals Vietnam's changing economic landscape

Vietnam is likely to record a trade surplus in 2013 for a second consecutive year marking a shift in Vietnam's trade relations with other countries.

Vietnam - Japan trade turnover rises 1.7 percent in eleven months

Total trade turnover between Vietnam and Japan over the first eleven months this year reached more than USD22.9 billion, a year-on-year rise of 1.7 percent, according to the General Department of Vietnam Customs.

Vietnam-China trade turnover to hit US$50 billion this year

With an average growth turnover reaching 35.9% from 2010 to 2012, making up a proportion of 33.9 % of Vietnam's export turnover, China is still one of Vietnam's key markets for farm produce.

VN gains over US$ 1 bln trade surplus in Nov.

Viet Nam attained over US$ 1 billion trade surplus in the 11th month from shipping goods abroad, higher than US$ 0.75 billion of 2012.