Belaz invest vietnam

During the second quarter of 2022, European business stakeholders' confidence in Vietnam's investment environment declined slightly, according to the Business Climate Index (BCI) released by the European Chamber of Commerce in Vietnam (EuroCham) and conducted by YouGov Vietnam. Following a first-quarter rise, the BCI dropped 4.4 points in the second quarter to 68.8 points. In contrast with earlier in the year, compounding factors such as the continuing war in Ukraine, commodity price spikes, and the ripple effect of China's zero-COVID policy have dampened expectations among Vietnam's European business community. Although the BCI has fallen, it remains 7.6 points higher than in the fourth quarter of 2021, when it measured 61 points. Vietnam's potential growth is also being viewed with less favour by European business leaders. About 60 per cent of respondents predicted that the Vietnamese economy would stabilise or improve in the third quarter of 2022, compared with 69 per cent who … [Read more...] about European FDI continues to flow into Vietnam amid economic uncertainties

HANOI -- Vietnam is aiming for economic growth of 7% this year, the country’s planning and investment minister said on Monday, higher than an official target of 6.0%-6.5% set previously. To achieve this, year-on-year economic growth in the third quarter needs to be 9.0% and in the fourth quarter 6.3%, minister Nguyen Chi Dung also said during a government meeting. Dung said Vietnam’s budget was in surplus, giving scope for fiscal policy to be used to support businesses and residents. “Credit institutions will need to further cut their lending interest rates to reduce input cost pressure for businesses and for the economy,” he said. Vietnam, a regional manufacturing hub, started lifting its coronavirus curbs late last year, allowing factories to resume full operations. The economy is recovering after growing only 2.58% last year, the slowest pace in decades. The Southeast Asian country reported GDP growth of 7.72% in the second quarter, backed by strong export growth, but … [Read more...] about Vietnam targets 7% GDP growth this year: minister

The report reveals that venture capital going into Vietnamese startups reached a record high in 2021 amidst market uncertainties and upheaval caused by COVID-19. The total funding amount reached a new high of $1.4 billion, a 1.6x growth compared to the prior record of $874 million set in 2019. Accordingly, the total number of funds invested in Vietnamese startups climbed by 60 per cent, equally distributed among countries. Singapore was the most active investor in 2021, followed by Vietnam and the US. Japanese investors have also gradually resumed their activities in Vietnam after a two-year slowdown. Investor appetite has been accelerated by an increased interest in sectors that have benefited from the pandemic. Moreover, the ease of video conferencing has made travel restrictions no longer a barrier to the investment decision-making process. Riding the acceleration of digital adoption, Vietnam celebrated the emergence of two unicorns, MoMo and Sky Mavis, in 2021. Their … [Read more...] about Venture capital into local startups reached record high of $1.4 billion

Vietnam’s economy has been firm on the recovery track, with the GDP growth in the second quarter at 7.72% year-on-year, the highest second-quarter growth since 2011. Based on Vietnam’s economic performance in the first six months of the year and expectations for the remainder of 2022, the Ministry of Planning and Investment (MPI) expected the economic expansion rate may hit 7% this year, 0.5 percentage points higher than the Government’s target of 6.5%. Minister of Planning and Investment Nguyen Chi Dung at the meeting. Source: VGP MPI Minister Nguyen Chi Dung forecast at the monthly Government meeting held today [July 4]. According to Dung, Vietnam’s economy has been firm on the recovery track with the GDP growth in the second quarter at 7.72% year-on-year, the highest second-quarter growth since 2011. This lifted the overall six-month GDP growth to 6.42% year-on-year, higher than the 5.74% rate in the same period of 2021, and equivalent to the … [Read more...] about Vietnamese Gov’t targets GDP growth of 7% in 2022

The committee’s objective is to assist the Prime Minister in researching and solving critical issues related to the implementation of the socio-economic recovery package. The Government has set up a steering committee to implement the upcoming socio-economic recovery package worth VND350 trillion (US$15.4 billion). Deputy Prime Minister Le Minh Khai. Source: VGP The committee is led by Deputy Prime Minister Le Minh Khai, while Minister of Planning and Investment Nguyen Chi Dung, Vice Minister of Finance Vo Thanh Hung, and Vice Governor of the State Bank of Vietnam (SBV) Pham Thanh Ha will serve as deputy heads. Other members of the committee include senior officials from ministries and Government agencies. The committee’s objective is to assist the Prime Minister in researching and solving critical issues related to the implementation of the socio-economic recovery package. The National Assembly in an irregular session in January ratified a resolution on … [Read more...] about Steering committee set up to implement US$15.4-billion socio-economic recovery package

HCM City will need to promote the application of Artificial Intelligence (AI) in the education sector as part of its effort to become a smart city by 2030, experts said. Students do research in a lab at the Vietnam National University in HCM City. — Photo courtesy of the university Education is among 10 key sectors on which the city has focused to develop its digital economy, in addition to healthcare, transportation, finance-banking, tourism, agriculture, logistics, environment, energy, and human resources. The city has assigned its Department of Education and Training to implement a project to develop human resources for AI through education and training, focusing on research and development of technologies using AI. The project will also enhance academic links with foreign AI professionals. The city hosts a number of universities and science research institutes, especially the Vietnam National University, which focus on training and research in AI … [Read more...] about HCM City to promote AI in education sector