EXPORT - IMPORT
- Viet Nam earned nearly US$2.97 billion from exporting agriculture-forestry- aquatic products in April, raising the total export turnover in four months to US$10.02 billion, a year-on-year increase of 11% .(chinhphu.vn, Apr 26, 2016)
FOREIGN DIRECT INVESTMENT (FDI)
- Since early 2016, the southern province of Dong Nai attracted 33 foreign projects, including 15 projects in auxiliary industry and two ones in mechanics and garment. The province attracted US$580 million in Foreign Direct Investment (FDI) in three months while setting the target of attracting US$1 billion in FDI for the whole year. (chinhphu.vn, Apr 21, 2016)
VIETNAM’S RECENT ECONOMIC DEVELOPMENT
- Since the beginning of 2016, the CPI increased 1.33% on monthly average and surged 1.41% in the first four months against the same period last year.
Transport saw the sharpest price increase with 1.73%; followed by housing and building materials with 0.71%; pharmaceutical and healthcare service with 0.45%; education with 0.37%. (chinhphu.vn, Apr 25, 2016)
- HCM City's Industrial Production Index increased by 5.7% in the first quarter, the highest growth rate in the past five years. (chinhphu.vn, April 25, 2016)
- Last week, the World Bank issued its East Asia and Pacific Economic Update. For the developing East Asia and Pacific countries, the bank forecasts their growth will ease from 6.3 per cent in 2016 to 6.2 per cent in 2017-18.
(chinhphu.vn, Apr 25, 2016)
April 20-27, 2016
- The largest local commercial bank, Vietcombank
(VCB), will increase its charter capital to over VND39.7 trillion (US$1.78 billion). After raising charter capital, the bank will offer foreign investors about 360 million shares or a 10% stake. (chinhphu.vn, Apr 25, 2016)
- Ha Noi targets a sustainable growth at 8.5-9% in the 2016-2020 period.
The goal was set by the Ha Noi Party Committee in its action plan in the 2016-2020 period. (chinhphu.vn, April 27, 2016)
- The fourth negotiation round on the Trade Promotion and Facilitation Agreement in the Cambodia-Laos-Viet Nam (CLV) Development Triangle Area opened in Viet Nam’s Central Highlands province of Dak Lak.
(chinhphu.vn, April 25, 2016)
- The Ministry of Natural Resources and Environment
on April 27 organized a press conference to release preliminary causes leading to mysterious mass fish deaths along the central coast.
Accordingly, the mass fish deaths may be blamed for discharged chemical toxins and red tide. (chinhphu.vn, Apr 27, 2016)
- Viet Nam has sent urgent appeals to international communities, asking for US$48.5 million to deal with the impact of increasingly severe drought and saltwater intrusion caused by the El Nino phenomenon in a conference in Hanoi in April 26. (chinhphu.vn, Apr 27, 2016)
ECONOMY
ENVIRONMENT
