The total inflows of foreign direct investment into Ho Chi Minh City from early this year to May 20 reached over US$1.14 billion, down 13.5 percent annually, reported the municipal Department of Planning and Investment.
Prime Minister Pham Minh Chinh on June 3 asked ministries, agencies and localities to push the three engines of export, investment and consumption in order to spur the country's economic growth in the time ahead.
With the increasing project number and investment value, foreign invested enterprises have become a dynamic sector and an important growth driver for the Vietnamese economy, said Deputy Minister of Planning and Investment Do Thanh Trung.
Investment in sectors related to green growth has been on the rise, but it is necessary to devise practical incentives to help businesses effectively adopt green production and business practices, an official has said.
At the fifth session of the National Assembly that was held this May, it was decided that the Government will submit an amended Bill on Credit Institutions for approval at the next session of the National Assembly in October.
The year 2023 is considered a pivotal year to drive growth of Ho Chi Minh City for upcoming years under its economic recovery and development strategy for 2022-2025, after achieving impressive recovery last year.
By April 20, the total newly registered capital, adjusted capital and capital contributions and share purchases of foreign investors reached nearly US$8.88 billion, as much as 82.1 percent over the same period last year.
On the morning of April 15, Prime Minister Pham Minh Chinh hosted US Secretary of State Antony Blinken, who is currently visiting Vietnam from April 14 to 16 at the invitation of Foreign Minister Bui Thanh Son.