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Ho Chi Minh City continued to maintain its socio-economic growth despite high inflation and challenges in the first nine months of the year.
Disbursement of foreign direct investment (FDI) in the first nine months of this year surged by 1.9 per cent, hitting $8.2 billion, the General Statistics Office (GSO) has announced.
The capital experienced a trade deficit of US$11.23 billion during the first nine months of the year, according to the city’s Statistics Office.
In the first 15 days of September, HCM City has granted investment license for 239 FDI (foreign direct investment) projects capitalized at $1.778 billion and chartered capital of $456.4 million, decreasing 20 projects but increasing 6.3% in value from the same period last year, HCM City Statistics Bureau...
Only 199 used cars were imported into Vietnam in August following a sharp tax increase that has made used cars much less appealing to local consumers.
Many banks find themselves sitting in hot water now as fund mobilization tends to fall following the central bank’s tough imposition of the ceiling deposit rate of 14% a year.
Vietnam should set up some industrial parks exclusively designed for Japanese investors to catch their greater interest,” said Do Nhat Hoang.
Prime Minister Nguyen Tan Dung has urged ministers, heads of Government agencies and chairmen of provincial and municipal People’s Committees to strengthen and tighten their management of foreign investment.
The Ministry of Finance has rejected proposals by the Ministry of Industry and Trade to raise import and lower export taxes on a number of commodities, including fertiliser, steel, aluminium and coal.
