EXPORT - IMPORT
- Viet Nam-Canada trade turnover in the first quarter of 2016 reached US$928.97 million, a year-on-year increase of 11.8%. Viet Nam's imports from Canada attained US$92.9 million, down 38.7% while its exports to the country hit US$836.1 million, up 23%. Viet Nam, thus, enjoyed a trade surplus of US$743.2 million. (chinhphu.vn, June 2, 2016)
- China remained the biggest exporter of goods to Vietnam during the five months, posting a turnover of 19.2 billion USD, dropping by 2.9 percent annually.
(www.gdt.gov.vn, June 8, 2016)
FOREIGN DIRECT INVESTMENT (FDI)
- Foreign direct investment (FDI) in HCM City has fallen 38% year-on-year since the beginning of this year, according to the city's Statistics Office. As of the middle of May, the office reported total FDI of approximately 650 million USD. FDI poured into HCM City, however, was expected to increase at the end of this year.
(mpi.gov.vn, June 7, 2016)
- The northern port city of Hai Phong still holds its position among the country’s top performers in foreign direct investment (FDI) attraction with 31 newly- registered and capital adjusted projects valued at more than 1.74 billion USD in the first five months of the year. (mpi.gov.vn, June 2, 2016)
VIETNAM’S RECENT ECONOMIC DEVELOPMENT
- Three Vietnamese domestic banks were named in the 14th annual Global 2000 list, which ranks the biggest, most powerful and most valuable companies in the world. Accordingly, BIDV became the number 1 bank in Viet Nam and ranked 1,691th in the list with a total turnover of US$2.6 billion and US$2.6 billion of market value. (chinhphu.vn, June 3, 2016)
June 1 – June 8, 2016
- Increased use of electronic payment products added
US$880 million to Việt Nam’s Gross Domestic Product (GDP) from 2011 to 2015, according to a new report released by Moody’s Analytics.
( www.gdt.gov.vn, June 8, 2016)
- -A Japanese electronic spare part manufacturing factory was inaugurated in the central province of Quang Ngai on June 5. The plant, which has a registered capital of 10 million USD, is able to produce 132 million electronic units per year. It is expected to generate job for nearly 3,000 workers, and help increase the local export turnover. (mpi.gov.vn, June 6, 2016) - As of May, 71 percent of the total signed ODA and preferential loans were disbursed. Currently, ODA and preferential loans that haven’t been disbursed total about 22 billion USD, of which 2.15 billion USD must be spent in 2016.( www.gdt.gov.vn, June 6, 2016)
- The tour operator Vietravel has coordinated with
other local airlines to launch two new direct flights from Ho Chi Minh city to Sihanoukville (Cambodia) and from Vinh city to Bangkok (Thailand). The direct flight is expected to promote tourism and create conditions to attract investment as well as develop the socio-economic development of the North Central Region (chinhphu.vn, June 8, 2016)
ECONOMY
TRANSPORT
