VIETNAM ECONOMIC NEWS

Apple develops production facilities in Viet Nam: Bloomberg

FDI

AirPods maker GoerTek Inc. is investing an initial US$280 million in a new Viet Nam plant, Deputy Chairman Kazuyoshi Yoshinaga said in an interview with Bloomberg.

Embassy helps connect Vietnamese enterprises with Brazilian ones

Major exports

The Embassy of Vietnam in Brazil has coordinated with the Federation Trade in Goods, Services and Tourism of the Federal District (Fecomércio-DF) and the Young Exporters Institute (IJEx) of the host country to organise the event “Coffee with Ambassador – Vietnamese version” to honour Vietnamese enterprises that have trade partnership with Brazilian ones.

Singapore leads foreign investment in Vietnam

FDI

Singapore remained the biggest foreign investor in Vietnam among the 51 countries and territories investing in Vietnam in the first two months of 2023, with 978.4 million USD, making up nearly 31.6% of the total registered foreign direct investment (FDI) in the country, down 42.7% year-on-year, the Ministry of Planning and Investment (MPI) reported.

Two-month state budget revenue grows 10.6 percent year on year

Finance-Banking

An estimated 362.3 trillion VND (nearly 15.3 billion USD) was collected for the state budget in the first two months of 2023. The total is equivalent to 22.4% of the year’s target and up 10.6% from a year earlier, the Ministry of Finance reported on March 3.

Environment pollution authorities call for action addressing air pollution

Environment

Environmental pollution authorities have urged Hà Nội and other localities to act quickly to address the worsening air pollution situation.

PM urges basic, comprehensive reform in digital transformation

Digitalization

Prime Minister Pham Minh Chinh has requested basic and comprehensive reform in digital transformation to improve labour productivity and competitiveness of enterprises and the nation, contributing to building an independent, self-reliant economy that integrates into the world extensively and effectively.

Industry & trade restructuring project approved

Policy

(VEN) – Deputy Prime Minister Tran Hong Ha recently signed Decision 165/QD-TTg approving the industry and trade sector’s restructuring project until 2030.

Vietnamese leaders receive Cambodian Deputy PM

Vietnam and ASEAN

On the afternoon of March 4, newly-elected President Vo Van Thuong hosted a reception for Deputy Prime Minister and Interior Minister of the Kingdom of Cambodia Samdech Krolahom Sar Kheng, who is paying a working visit to Vietnam.

Rise of February industrial production index

Industry

(VEN) – According to data from the General Statistics Office of Vietnam, industrial production in February 2023 grew an estimated 5.1 percent compared with January due to a higher number of working days.

Special circus programme honours female artists

Lifestyle

A special circus program will take place in March to celebrate International Women’s Day (March 8), according to Việt Nam Circus Federation (VCF).

MoIT improves national standards system

Science – Technology

The Science and Technology Department under the Ministry of Industry and Trade (MoIT) is engaged in improving Vietnam’s system of standards and technical regulations.