The Ministry of Planning and Investment has just submitted to the Government a program for economic recovery and development after the Covid-19 pandemic. The scale of the program calls for a package of VND800,000 billion, about 10 percent of the GDP, and 3.5 times higher than the 2021 support package.
According to a report by the Foreign Investment Agency under the Ministry of Planning and Investment, as of July 20, the real estate market fell into a recession and foreign direct investment (FDI) capital (FDI) inflows to real estate sector dramatically decreased.
As much as US$5.46 billion worth of foreign direct investment (FDI) was injected into Vietnam as of February 20, equivalent to 84.4 percent of the figure recorded in the same time last year, according to the Ministry of Planning and Investment.
Vietnam recorded US$22.63 billion of foreign direct investment (FDI) registered in the first eight months of 2019, equivalent to 92.9 percent of the figure in the same period last year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
The tentative total investment for the North-South high-speed railway, according to the Ministry of Planning and Investment (MPI), is about US$ 26 billion, US$ 32.7 billion less than the previous proposal by the Ministry of Transport (MoT).