Singapore became the largest foreign investor in Vietnam in the first eight months of 2021 with total investment capital of US$6.2 billion as of August 20, accounting for nearly 32.5% of total foreign direct investment (FDI) in Vietnam.
Deputy Prime Minister Pham Binh Minh has asked relevant ministries and agencies to take solutions to push ahead with national and ASEAN one-stop-shop mechanisms.
Vietnam is likely to remain foreign investors’ favoured destination despite the COVID-19 resurgence ravaging across the country, The Australia Financial Review (ARF) said in a story published earlier this week.
The amount of rice exported by firms is in stock and exists in large yards due to the impact of the Covid-19 pandemic. Ports, especially Cat Lai port, have taken over the work of packing rice to aid rice exporters.
Vietnam is currently the 10th largest trading partner of the United States and an important link in this country's supply chain.
The World Bank (WB) has projected Vietnam’s GDP to expand by 4.8 percent in 2021, two percentage points lower than its previous prediction in December 2020.
Ministries are urgently working on a circular to allow imported goods to move from one seaport to another in case the first is overrun.
In the first half of this year, the amount of sugar imported from Cambodia, Laos, Malaysia, Myanmar, and Indonesia into Vietnam reached 399,189 tons, 10 times higher than 38.61 tons in the same period last year.
The Anti-Dumping Commission of Australia (ADC) has announced the fifth extension of time granted to issue the final report on an investigation into the alleged dumping and subsidisation of painted steel strapping from China and Vietnam.
The growth of processed seafood output in Vietnam will reach over 6 percent a year by 2030 under a national seafood processing development strategy for 2021-2030 which has been approved by the Prime Minister.
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