Many localities including the Southern Province of Binh Duong, the Central Highlands Province of Kon Tum, and the Central Province of Thua Thien – Hue succeeded in attracting a big sum of foreign direct investment.
Today, the Vietnam Rubber Group announced to earn VND11,000 trillion (US$469.6 million ) in the first six months of 2022 at a conference to review the work of the first six months and implement the tasks of the last six months.
From a deep decline in the third and fourth quarters of 2021, Ho Chi Minh City's economy in the first months of 2022 is making strong recovery steps. Gross Regional Domestic Product in the first quarter increased by 1.88 percent over the same period. Continuing the growth momentum, in April, the city recorded many bright spots, but there were still many challenges to face.
Ho Chi Minh City (HCMC) during Covid-19 still maintains its socio-economic targets according to the Resolution of the 11th Party Congress of the HCMC Party Committee, striving to achieve 6 to 6.5 percent gross regional domestic product growth rate.
By May 29, the foreign capital flow still poured heavily into Vietnam. Accordingly, the total foreign investment capital, including additional capital, capital contribution, and purchase of shares, in the first five months of this year reached US$13.9 billion.
Mr. Nguyen Thanh Hung, Vice Chairman of the People’s Committee of Dong Thap Province, said that he has recently signed the decision to establish the Tan Kieu Industrial Park in Tan Kieu and My An communes in Thap Muoi District.
The index of industrial production (IIP) of Ho Chi Minh City in the first six months of this year was 7 percent. According to many economic experts, the index has showed signs of slowdown in comparison with last year.
Since the beginning of this year, investment attraction of Ho Chi Minh City has been thriving; however, economic experts said that, this economic growth rate lacks of sustainability and the city’s investment attraction is on the verge of saturation and even in decline.
To reduce traffic during rush hours, Ho Chi Minh City authorities are considering the implementation of staggered hours as a measure to reduce traffic jams.
After ten year of establishment and operation, industrial parks in the Mekong delta province of Hau Giang have offered nearly 20,000 jobs to local employees, said the management board of the industrial parks in Hau Giang at a celebration ceremony yesterday.
