Fdi

FDI commitments in the January – March period totaled US$8.55 billion, down 20.9% year-on-year.

It is projected that FDI and remittance inflows to Vietnam would also weaken this year due to the global economic slowdown, providing less support to VND.

Vietnam should take advantage of being the second country in Southeast Asia to sign a free trade agreement with the EU to attract FDI from Europe.

FDI commitments in the January – February period totaled US$6.47 billion, down 23.6% year-on-year.

“The EVFTA is a clear commitment for reliable trade based on transparent rules.”

The mining industry’s output decreased by 18.2% month-on-month and 32.1% year-on-year, while the manufacturing and processing industry declined by 25.4% and 15.4%, respectively.

The responsibility of state-owned enterprises (SOEs) is to be pioneer in applying technologies and supporting socio-economic sustainable development.

Foreign indirect investment will continue to increase this year and the interest will shift gradually from the bond channel to the stock market.

Vietnam has so far also outlined primary strategies to lure high quality foreign investment until 2030 under a Politburo resolution.

In 2020, Hanoi targets GRDP growth of at least 7.5%.