• An Giang
  • Binh Duong
  • Binh Phuoc
  • Binh Thuan
  • Binh Dinh
  • Bac Lieu
  • Bac Giang
  • Bac Kan
  • Bac Ninh
  • Ben Tre
  • Cao Bang
  • Ca Mau
  • Can Tho
  • Dien Bien
  • Da Nang
  • Da Lat
  • Dak Lak
  • Dak Nong
  • Dong Nai
  • Dong Thap
  • Gia Lai
  • Ha Noi
  • Ho Chi Minh
  • Ha Giang
  • Ha Nam
  • Ha Tinh
  • Hoa Binh
  • Hung Yen
  • Hai Duong
  • Hai Phong
  • Hau Giang
  • Khanh Hoa
  • Kien Giang
  • Kon Tum
  • Lai Chau
  • Long An
  • Lao Cai
  • Lam Dong
  • Lang Son
  • Nam Dinh
  • Nghe An
  • Ninh Binh
  • Ninh Thuan
  • Phu Tho
  • Phu Yen
  • Quang Binh
  • Quang Nam
  • Quang Ngai
  • Quang Ninh
  • Quang Tri
  • Soc Trang
  • Son La
  • Thanh Hoa
  • Thai Binh
  • Thai Nguyen
  • Thua Thien Hue
  • Tien Giang
  • Tra Vinh
  • Tuyen Quang
  • Tay Ninh
  • Vinh Long
  • Vinh Phuc
  • Vung Tau
  • Yen Bai

Economic highlights – May 31-June 5

VGP - Japan financing ¥166.124 billion for three projects, Viet Nam leading ASEAN nations in trade with Canada and Viet Nam’s consumer confidence index reaching record high are business highlights from May 31- June 5.

June 06, 2016 10:28 AM GMT+7

Japan provides ¥166.124 billion for three projects

The Vietnamese Government and the Japan International Cooperation Agency (JICA) have inked credit agreements worth ¥166.124 billion for railway, power and water projects in Viet Nam.

These projects include Ho Chi Minh City Urban Railway Project Line 1 Ben Thanh – Suoi Tien, Thai Binh Power Plant and Transmission Lines Construction Project and Ho Chi Minh City Water Environment Improvement Project.

VN leads ASEAN nations in trade with Canada

Viet Nam-Canada trade turnover in the first quarter of 2016 reached US$928.97 million, a year-on-year increase of 11.8%, according to the Statistics Canada.

Viet Nam's imports from Canada attained US$92.9 million, down 38.7% while its exports to the country hit US$836.1 million, up 23%. Viet Nam, thus, enjoyed a trade surplus of US$743.2 million.

The exports of machines, equipment and electronics ranked first with US$273 million, up 123%, followed by footwear with US$103 million (up 33.5%), textiles with US$81 million, garments with US$76 million (up 7.3%), timber with US$60 million and printing machines with US$49 million.

German businesses to increase investment in VN

Viet Nam’s investment environment and business opportunities are the factors that  made many German businesses think of expanding their operation and recruiting more workers in the next 12 months.

More than half of the German enterprises participating in this survey are very optimistic when asked about the prospects for Viet Nam’s economic development. 47% of companies are confident in the growth of this economy in the next coming years. 70% of them are very satisfied with the business results. 58% of them are positive about the growth of revenues in the coming year.

54% of participants confirm that they will increase investment and 58% of them have recruitment plan  in 2017.

VN’s consumer confidence index reaches record high

Viet Nam’s Consumer Confidence Index (CCI) was 91 points in the second quarter of this year, six points higher than the same period last year and the highest level over the last 20 years, according to a Viet Nam Taylor NelsonSofres Company survey.

The survey found that 96% of respondents hoped for stable and improved living standards, of whom 49% expected for better lives in the next 12 months.  ​

EVFTA – boost for bilateral trade and investment

The EU-Viet Nam free trade agreement (EVFTA) will create a boost for trade and investment between the two sides, affirmed Deputy Minister of Industry and Trade Tran Quoc Khanh at a seminar on EVFTA opportunities for businesses in Ha Noi on May 31.

According to Khanh, two-way trade increased from US$ 6.3 billion in 2003 to US$ 41.2 billion in 2015, making the EU one of the leading trade partners of Viet Nam. 

Statistics from the ministry showed that Vietnam’s exports to the EU in 2015 were valued at US$31 billion, while its import value was over US$10 billion.

Northern localities shake hand to boost tourism

Tourism representatives from 16 northern provinces and cities signed a memorandum of understanding (MoU) to boost regional tourism promotion.

The signing ceremony was held on May 31 in Quang Ninh Province as part of a conference on Northern tourism promotion centers.

HCM City, Champasak foster in-depth ties

Leaders of Ho Chi Minh City and Laos’ Champasak province have agreed to further bolster their win-win partnership in various fields, especially economy. 

The agreement was made during talks on May 31 between Secretary of the Ho Chi Minh City Party Committee Dinh La Thang and Secretary of the Party Committee and Governor of Laos’ Champasak province Bounthong Divixay, during the former’s ongoing visit to the province.

Dong Nai: FDI in five months accounts for 88% of year’s plan

The southern province of Dong Nai attracted US$883 million in the Foreign Direct Investment (FDI) in the first five months of 2016, nearly reaching the target set for the year of attracting US$1 billion in FDI.

As of May 31, 50 projects were licensed with a total registered capital of US$332 million while 38 projects were added with US$550 million.

Until now, as many as 1,600 projects, worth US$29 billion, were launched in the province, including 1,200 operating, valued at US$24 billion.

By Thuy Dung