The Ministry of Finance has sent a report to the Prime Minister on the latest financial statement for 2021 of Foreign Direct Investment enterprises in Vietnam. Profits and losses of FDI enterprises have drawn the attention of the public.
The digital economy of Vietnam is enjoying the fastest growth rate in the Southeast Asian (SEA) region, with estimated Gross Merchandise Volume (GMV) rise by 28 percent, from US$18 billion in 2021 to $23 billion this year, thanks to the 26-percent development of its e-commerce.
Vietnam’s economic growth is projected to expand from 5.1 percent in April 2022 to 7.2 percent in the second quarter of 2022, according to the World Bank’s East Asia and Pacific October 2022 Economic Update.
Vietnam’s Gross Domestic Product (GDP) in the second quarter of this year was estimated to increase 7.72 percent year-on-year, higher than the growth rates in the same quarters during the 2011-2021 period, the General Statistics Office (GSO) reported at a press conference on June 29.
Regarding the socio-economic situation in the first five months of the year, Deputy Director of Ho Chi Minh City Department of Planning and Investment Dao Minh Chanh said that the epidemic situation in the area continued to be under control and the city's economy continued showing a sign of good recovery. City dwellers and businesses are eager.
Over 100,000 enterprises faced bankruptcy during the fourth Covid-19 outbreak in Vietnam from May to October 2021. Nevertheless, there are a few that witnessed a growth rate of more than 10 percent. Sai Gon Giai Phong (SGGP) Newspaper has conducted an interview with Director of the Institute for Brand and Competitiveness Strategy Vo Tri Thanh regarding this matter.
Businesses in HCMC have been rushing to open convenient stores, which now total 1,050 with the growth rate of 100 percent for the last three consecutive years according to reports by the Department of Industry and Trade.
