Investment

The total turnover of Vietnam's import-exports is expected to reach US$500 billion this year, according to the General Department of Vietnam Customs.

Vietnam's shrimp exports are expected to increase to more than 4 billion USD in 2019 thanks to free trade agreements, said the Vietnam Association of Seafood Exporters and Producers (VASEP).

The Vietnam Textile and Apparel Association (VITAS) has set the industry's export turnover target this year at 40 billion USD, a 10.8 percent year-on-year increase from 2018.

Foreign direct investment (FDI) pledged in Vietnam witnessed a significant yearly increase of 52 per cent to US$1.9 billion in the first month of this year, according to the Ministry of Planning and Investment.

Viet Nam was ranked 60th most innovative economies in the world by the 2019 Bloomberg Innovation Index.

E-commerce and digital technology are creating great opportunities for Vietnamese businesses to enter the world market and participate in the global value chain as Industrial Revolution 4.0 is changing business and production models in a dramatic way.

Last year Vietnam achieved a GDP growth of 7.08%, exceeding the target set by the National Assembly. More particularly, export revenue posted an impressive result, bringing Vietnam into the company of the world's leading exporters.

The construction of two more solar power plants was inaugurated in the central province of Phu Yen on January 8th by the Phu Khanh Solar Power Company.

The expanded export market and revenues hitting record high with US$40.02 billion, and the promotion of domestic consumption are the bright spots of Vietnam's agricultural sector throughout 2018, which witnessed the highest agricultural growth rate over the past seven years.

The application of various stimulus measures in developing enterprises' production and trade allowed the northern province of Ninh Binh's export activity to enjoy robust growth with sharp rises in terms of turnover and market in 2018.

Budget collection of the northern province of Ninh Binh in 2018 is estimated at over 12.7 trillion VND (547 million USD), marking the highest level recorded after the province re-established and a new record high in the 3rd consecutive year.

The Vietnamese economy grew by 7.08% in 2018, the fastest rate in the past 11 years and beating the target of 6.7%, the General Statistics Office (GSO) has announced.

Vietnam attracted 35.46 billion USD in total foreign direct investment (FDI) in 2018, equivalent to 98.8 percent of the previous year's figure.

GDP growth rate is likely to reach a decade high of 6.9 - 7 percent in 2018 and maintain the pace of 7 percent next year, according to the National Financial Supervision Committee (NFSC).

Vietnam had the world's second highest score in the consumer confidence index in the third quarter of 2018, according to the latest data of the Conference Board Global Consumer Confidence Survey and Nielsen announced on December 18.

Vietnam recorded a trade surplus of more than US$7.4 billion in the 11 month-period of this year, according to the General Department of Vietnam Customs.

As of mid November, total amount of State collection was estimated at VND1.16 quadrillion (US$ 49.88 billion), equivalent to 87.9% of the year's estimate.

Vietnam's Index of Industrial Production (IIP) expanded 10.1 percent year-on-year in the first 11 months of 2018, according to the General Statistics Office (GSO).

The 16th Vietnam International Trade Fair (Vietnam Expo 2018) will take place from December 5th to 8th at Saigon Exhibition & Convention Center, Ho Chi Minh city, with the participation of 750 exhibitors from 20 countries and territories.