15 billion usd in gbp

Illustrative image (Photo: VNA) Hanoi (VNS/VNA) - Vietnam reached more than 14 billion USD in foreign direct investment ( FDI ) in the first six months of 2022, announced the Ministry of Planning and Investment (MPI). The ministry’s data showed that as of June 20, 2022, the total newly registered capital, adjusted and contributed capital to buy shares, buy contributed capital of foreign investors reached 14.03 billion USD, as much as 91.1% over the same period in 2021. Of which, 752 new projects were granted investment registration certificates, down 6.5% compared to the same period, with a total registered capital of over 4.94 billion USD, down 48.2% over the same period. In addition, there were 487 projects registering to adjust their investment capital, up 5.9% over the same period, with the total additional registered capital reaching nearly 6.82 billion USD, up 65.6% compared to the same period last year. There were also 1,707 capital contributions and share … [Read more...] about Vietnam attracts more than 14 billion USD of FDI in H1

Illustrative photo (Source: VNA) Hanoi (VNA) – Vietnam posted 27.88 billion USD worth of agro-forestry-fishery exports in the first half of this year, an annual increase of 13.9%. According to the Ministry of Agriculture and Rural Development, of the total value, the groups of key farm produce and forestry products contributed 11.37 billion USD and 9.1 billion USD, both growing by 8.8% and 3% year-on-year, respectively. Fishery products shipped overseas during the six months, meanwhile, reeled in 5.8 billion USD, up 40.8% annually. There were nine type of goods recorded an export revenue exceeding 1 billon USD in the period, namely coffee, rubber, cashew, vegetable-fruit, rice, Tra fish, shrimp, woodwork products, and inputs for production. The ministry said the US and China were the biggest importers of Vietnamese agro-forestry-fishery goods for spending more than 7.61 billion USD and 4.97 billion USD, increasing 7.9% and 5.9% from the same period last year, … [Read more...] about Agro-forestry-fishery exports rake in 27.88 billion USD in 6 months

Illustrative image (Photo: VNA) Hanoi (VNA) – A joint venture between India ’s Adani Group and Vietnam’s Anh Phat Investment Construction & Trading JSC has been approved by authorities of Da Nang to start studying the development of a major seaport in the central city, according to Nhan dan (People) newspaper. Lien Chieu Port will be capable of handling 3.5 – 5 million tonnes of cargo annually in the first phase. It can accommodate vessels of up to 100,000 tonnes and container ships of up to 8,000 TEU. The new port will be of the world class and offer a new engine for the development of Da Nang and Vietnam at large. Insiders said the project can provide 5,000 jobs and contribute up to 80 million USD to the city's coffer, equivalent to around 2.1 percent of Da Nang’s Gross Regional Domestic Product (GRDP), by 2030. The approval was officially granted by the municipal People’s Committee to the joint venture in the presence of Prime Minister Pham Minh Chinh at the … [Read more...] about India conglomerate pledges to invest 10 billion USD in Vietnam

As much as 755.75 million USD in FDI was poured into Hai Phong city in the first half of this year. (Photo: VNA) Hanoi (VNA) – The northern city of Hai Phong has attracted 755.75 million USD in foreign direct investment (FDI) to local industrial parks (IPs) and economic zones (EZs) in the first half of 2022, raising total FDI there to 22.07 billion USD. According to the Hai Phong EZ Authority, the amount was channelled into 21 new FDI projects and 18 existing ones. It is equivalent to 56.2% of the FDI registered in the same period last year. At present, IPs and EZs in the city are home to 438 FDI projects worth 22.07 billion USD in total and 195 domestic investment projects worth 12.57 billion USD. Head of the authority Le Trung Kien said from now to 2025, the 15 IPs in the city will be expanded to 6,418ha from the current 6,074ha. The latest of them is Tien Thanh IP, for which an infrastructure construction and business project recently received an … [Read more...] about Hai Phong attracts more foreign direct investment in H1

The certificates are granted at the event (Photo: VNA) HCM City (VNA) – The management board of the Saigon Hi-Tech Park ( SHTP ) in Ho Chi Minh City granted certificates to three projects to increase their investment by more than 848.74 million USD in total at an investment conference for the park on June 27. The lion’s share of the financial comes from 841 million USD at Samsung Electronics HCMC CE Complex Co., Ltd. The new funding increases the total investment in the factory to over 2.84 billion USD. The other two projects are Hoa Binh innovation centre and a Vietnamese pharmaceuticals factory, which saw their capital rising by 130 billion VND (5.59 million USD) and 30 billion VND, respectively. At the conference, Chairman of the municipal People’s Committee Phan Van Mai said the city wants to listen to investors’ feedback to form related legal frameworks and development orientations for the future. Since its establishment in 2002, the SHTP has granted … [Read more...] about Saigon Hi-Tech Park sees significant capital added to three projects

Canadian Foreign Minister Melanie Joly (left) and Indonesian counterpart Retno Marsudi sign documents during their meeting in Jakarta, Indonesia on April 11. (Photo courtesy of Indonesia's Ministry of Foreign Affairs) Jakarta (VNA) - Indonesia and Canada have agreed to intensify economic cooperation, especially on trade, investment, and energy transition. Indonesia’s Foreign Minister Retno Marsudi and Canadian counterpart Joly Melanie on April 11 inked the Indonesia- Canada Plan of Action for the 2022-2025 period that would serve as guidance for both countries to navigate the cooperation in the next four years. economic cooperation . trade rose almost 30 percent in 2021 and reached 3.12 billion USD. VNA … [Read more...] about Indonesia, Canada agree to enhance economic cooperation

Hanoi (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency on June 28. - Chairman of the Vietnamese National Assembly (NA) Vuong Dinh Hue and his Hungarian counterpart László Kövér co-chaired a legislative conference in Budapest on June 27, with a focus on the legal framework on greenhouse gas (GHG) emission reduction, renewable energy, and the green economy. NA Chairman Vuong Dinh Hue (second, left) and his Hungarian counterpart László Kövér (second, right) co-chair the legislative conference in Budapest on June 27. (Photo: VNA) In his remarks, Kövér said Hungary is always determined to protect the environment, which is clearly reflected in its development orientations and legal regulations. Its climate policy was adapted to the European Union (EU)’s requirements but didn’t neglect its own features and its people’s interests. Read full story Read full story Lien Chieu Port will be capable of handling 3.5 – 5 million … [Read more...] about ☕ Afternoon briefing on June 28

Tourists at the Hoa Lo Prison (Photo: danviet.vn) Hanoi (VNA) – About 8.61 million tourists, including some 211,300 foreigners, visited Hanoi between January and June, nearly tripling the figure in the same period last year. The city's total tourism revenue in the first half of 2022 amounted to approximately 25.2 trillion VND (1.08 billion USD), more than three times higher than the figure in the first six months of 2021. Local hotels rated 1-5 stars recorded an average occupation rate of over 30% during the period, up 6.11% year-on-year. The capital city, home to 24 recognised tourist destinations, is offering a series of enticing products to attract tourists given its reopening of the local tourism industry. These include night tours at Hoa Lo Prison and Thang Long ancient citadel; a northern mountainous wet market programme at Vietnam National Village for Ethnic Culture and Tourism in Son Tay township; and Hanoi City Tour by double-decker buses. In addition, … [Read more...] about Hanoi greets over 8.61 million visitors in first half

The growth rate helps bring Vietnam’s economic growth in the first six months to 6.42 percent, the highest in three years. Last year, the first-half expansion rate was 5.74 percent. Manufacturing and processing in the first six months expanded by nearly 9.7 percent. Industry and construction expanded by 7.7 percent, while the agriculture, forestry and fishery sectors saw growth of 2.78 percent. The Index of Industrial Production (IIP) in the first six months surged in some key sectors, like garment (23 percent), electric equipment manufacturing (22 percent), and medicines production (17.5 percent). Sixty-one out of 63 localities in the country posted IIP growth, except for the provinces of Ha Tinh and Tra Vinh where the energy production sector posted a decline. Exports in the first six months rose 17.3 percent year-on-year to $186 billion, while imports increased by 15.5 percent to $185 billion. Retail and services revenue rose by nearly 12 percent year-on-year to over … [Read more...] about Q2 GDP growth highest since 2011

Illustrative image (Photo: VNA) Hanoi (VNA) – Vietnamese airlines are suffering losses amounting to hundreds of billions of VND each month due to a surge in fuel prices , according to director of the Civil Aviation Authority of Vietnam ( CAAV ) Dinh Viet Thang. At a conference of the Transport Ministry reviewing its work in the first half of the year on June 28, Thang said as fuel costs account for 40-50% of operation costs, revenues increases are not sufficient to compensate for high fuel prices. He said domestic aviation transport has fully recovered with higher growth than in the pre-pandemic period. However, Vietnamese carriers have not fully escaped difficulties due to the slow recovery of the international market. It was reported at the conference that in the first half of the year, the number of international air passengers has increased monthly, from 103,500 in January to 127,000 in February, 224,600 in March, 445,700 in April, 650,000 in May and an … [Read more...] about Domestic air transport sees fast recovery, airlines suffer loss due to rising fuel prices