Vietnam’s Gross Domestic Product (GDP) growth rate in 2019 recorded impressive results at 7.02 per cent, exceeding the target of between 6.6 per cent and 6.8 per cent which had been set by the National Assembly.
Main sources for FDI growth in Vietnam in the near future would come from South Korea, China, Taiwan and Hong Kong (China).
HCMC – Vietnam spent US$5.05 billion, US$1.78 billion and US$2.04 billion importing computers and electronic products from China, the United States and Taiwan in the first five months of the year, surging 80.8%, 46.2% and 43.2% over the same period last year, respectively.
Preliminary assessment of Vietnam international merchandise trade performance in the first 4 months of 2019
With the recent major infrastructure developments, the northern city of Haiphong has stepped up its game for FDI attraction to drive economic growth.
Prime Minister Nguyen Xuan Phuc has decided on construction of another terminal south of Tan Son Nhat International Airport to raise its passenger handling capacity while keeping a controversial golf course inside the airport premises in place for the time being.
On April 9, the Republic of Korea’s low cost carrier Air Seoul announced that it will open a direct air route to the central Vietnamese city of Danang next month as part of its plans to expand services throughout the Asia-Pacific region.
Imports of flowers and ornamental plants for the traditional Lunar New Year (Tet) 2018 hit the US$18 million mark this year, a rise of nearly 50% over the same period of last year, according to the General Department of Vietnam Customs.
An ASEAN market seminar “Capturing business opportunities in Vietnam’s third largest city: Haiphong” has taken in Singapore recently, attracting more than 80 participants, mostly Singaporean businesses coming from diverse industries.
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