Investment

Local farmers in the northern province of Ninh Binh's Ninh Binh city have earned a better living by applying hi-tech farming practices.

PM Nguyen Xuan Phuc called on Chinese businesses to accelerate import of Vietnamese agricultural products for mutual benefits during a meeting with top Chinese business representatives in Shanghai on Sunday.

Foreign investors pledged to pour US$27.9 billion into Vietnam in the first ten months of 2018, down 1.2% compared with the same period of last year, according to the Foreign Investment Agency.

The Ministry of Agriculture and Rural Development is drafting a Circular for the list of 15 national key agricultural products.

The northern province of Ninh Binh's export revenue in nine months of 2018 topped 1.1 billion USD, up 33.6 percent year on year, helping the locality fulfill 88.9 percent of its yearly target.

The Farmers' Union of the Ninh Binh has implemented a project named "Ninh Binh farmers say no to dirty food" since 2016 with the goal of raising local farmers' awareness about their own responsibility for ensuring food safety.

The GDP would surpass 6.7% in 2018, said Minister of Planning and Investment Nguyen Chi Dung.

Vietnam's nine-month trade surplus exceeded US$6 billion for the first time in many years, according to statistics released by the General Department of Vietnam Customs, on October 9.

Vietnam could earn about 239 billion USD in export revenue in 2018, up 10 - 12 percent from last year, analysts said, thanks to the favourable domestic and international economic context.

The northern province of Ninh Binh will focus its investment in projects with high value and welcome investors with new ideas or breakthroughs in technology to promote its vast development potential.

Vietnam has attracted US$25.37 billion worth of FDI capital in the first nine months of this year, or 99.6% of last year's figure, the Foreign Investment Agency (FIA), under the Ministry of Planning and Investment, has announced.

Vietnam's gross domestic product (GDP) growth is commonly forecast to be good, but not high, in 2018 by domestic and international institutions.

Construction of the eastern section of the North-South Expressway will start next year, and is scheduled to finish by 2021, the Ministry of Transport (MoT) announced on September 17.

Vietnam exported 4.53 million tonnes of rice in the first eight months of 2018, bringing in US$2.29 billion, a rise of 10.5% in volume and 26.5% in value, according to the General Department of Customs.

After 20 years of receiving a fairly large and steady flow of official development assistance (ODA) from international donors, the ratio of ODA to Vietnam's total income is falling and currently accounts for just under 2% of the GDP.

To ease traffic congestion and complete the North - South expressway system, the Ministry of Transport has submited a proposal to the Government seeking its approval for commencing the Ninh Binh - Thanh Hoa expressway project.

Five commodities had export values exceeded US$1 billion in August, according to the Ministry of Industry and Trade.

Viet Nam's trading volume with the rest of the world is likely to double the country's GDP size this year as import and export have maintained upward trends.

Airports Corporation of Vietnam (ACV) has submitted to the Ministry of Transport an investment plan to upgrade various airports for the period 2018 - 2021 with the vision to 2025.