A garment factory in Vietnam (Illustrative photo: VietnamPlus) Hanoi (VNA) – In its Vietnam Marco Monitoring report released in November, the World Bank (WB) noted several positive economic signs recently, including the strong rebound of FDI commitment, thanks to a jump in greenfield investment. Industrial production moderates, FDI bounces back The WB said FDI commitment bounced back strongly thanks to a jump in greenfield investment in electricity, gas, and water supply, while FDI disbursement maintained robust growth. Total investment commitment jumped to 3.7 billion USD in October, up 133% year on year and the second highest level in 2022. This improvement was driven by a lump sum greenfield investment of 2 billion USD in electricity, gas, and water supply. FDI disbursement remained strong, growing by 8.1% (y/y) in October and 15.2% (y/y) over the first 10 months. The industrial production index increased by 6.3% from a year earlier in October, … [Read more...] about FDI commitment rebound driven by greenfield investment surge
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Vietnam’s tourism in 2022: measures for recovery, acceleration
Dawn breaks over Da River lake.(Photo: VietnamPlus) Hanoi (VNA) - As vaccination coverage is expanding, the severity of the SARS-CoV-2 virus is showing signs of dying out. As a result, Vietnam’s tourism needs to quickly work out harmonious measures for the coming period of recovery. A sad economic year for the tourism sector has come to an end after many tremors caused by successive outbreaks of COVID-19 . Vietnam’s green economy in 2021 failed to recover as seen through the statistics of the yearly review, yet many experts still believe that in 2022, accelerations will be created with attention and assistance from the government. Although the pandemic is still spreading with new variants, there are grounds for us to hope the constantly expanding vaccination coverage has helped weaken the severity of the SARS-CoV-2 virus. The clock is ticking towards the day when the world can contain and roll back the pandemic, opening up chances for socio-economic recovery. That is … [Read more...] about Vietnam’s tourism in 2022: measures for recovery, acceleration
Foreign investors remain optimistic about VN stock market
Foreign capital is expected to continue to flow into the stock market as foreign investors' confidence remains strongly. — VNA/VNS Photo From being net sellers in the first nine months of 2022, foreign investors have become the driving force supporting the Vietnamese stock market in the last few months, and the inflows are expected to continue this year. In 2022, this group net disbursed more than VND29.2 trillion (US$1.2 billion) to the market, while it has net sold nearly VND18.8 trillion and set a record net selling value of over VND62.2 trillion in 2021. In November alone, more than VN16 trillion in net disbursed cash flow from foreign investors was significantly supported by exchange-traded fund (ETF) capital inflows into the market, primarily from the Fubon ETF and the VNDiamond Index-based ETF. A study by BIDV Securities Company (BSC) analysing over $50 billion owned by foreign investors on the Vietnamese stock market showed that more than half of foreign ownership is … [Read more...] about Foreign investors remain optimistic about VN stock market