Economy

Vietnam's overseas investment, including new and adjusted capital, amounted to 189.6 million USD, down 54.5% year-on-year, according to the Ministry of Planning and Investment’s Foreign Investment Agency.

Investment of the Republic of Korea in Vietnam has gradually expanded from heavy industries to a wide range of high-tech industries, significantly contributing to the development of the manufacturing industry.

Auto sales by members of the Vietnam Automobile Manufacturers’ Association (VAMA) reached 36,585 units in September, a 45% increase over the previous month.

Provinces, ministries and government agencies had allocated 664.9 trillion VND (26.7 billion USD) for public investment as of the end of September, showed data from the Ministry of Finance (MoF).

With positive results recorded in the first nine months of 2024 and efforts of businesses, experts are optimistic about the country’s bright export prospects in the rest of the year towards a historical record of 400 billion USD.

Bac Ninh province continued topping the nation for foreign direct investment (FDI) influx with a total of over 4.2 billion USD during January-September.

According to Deputy Director of Long An Department of Finance - Ho Quoc Cong, in the first 9 months of 2024, the province's state budget revenue reached 19,621 billion VND.

Vietnam needs breakthrough solutions to upgrade the value chains of the garment and footwear industries with the focus on achieving self-sufficiency in raw materials to increase added value and develop sustainably.

Prime Minister Pham Minh Chinh has just signed an official dispatch requiring continued support for businesses to overcome difficulties and promote production and business activities in the remaining months of 2024.

The fertiliser, retail, livestock, banking and logistics sectors are expected to witness significant profit growth in the third quarter (Q3), ranging from 22% to an impressive 1,620%, a recent report has revealed.

Vietnam exported over 7 million tonnes of rice worth 4.37 billion USD in the first three quarters of 2024, up 9.2% in volume and 23.5% in value compared to the same period last year.

On October 4, Long An Investment Company Limited and Long An Logistics Joint Stock Company held the inauguration ceremony of Long An Cold Storage (Long An Logistics) at Vinh Loc 2 Industrial Park.