Update news Ministry of Planning and Investment
Vietnam recorded a year-on-year decrease of 15.1 percent in foreign direct investment (FDI) inflows to 15.67 billion USD as of June 20, according to the Ministry of Planning and Investment (MPI).
The Government is focusing on boosting the development of enterprises and encouraging private investment to accelerate post-pandemic economic growth.
Vietnam attracted $12.33 billion in foreign direct investment (FDI) in the first four months of 2020, a year-on-year decrease of 15.5 percent due to the impact of the COVID-19 pandemic.
The Ministry of Planning and Investment has asked for corporate income tax (CIT) to be cut for small and medium-sized enterprises (SMEs) by half this year in an effort to boost growth when the COVID-19 pandemic eases.
The US Agency for International Development (USAID) and Vietnam’s Ministry of Planning and Investment (MPI) on Wednesday virtually signed a US$42 million agreement to advance Vietnam’s economic competitiveness.
Foreign investors still pay great attention to Vietnam albeit the complicated developments of the acute respiratory disease caused by SARS-CoV-2 which started to hit the world earlier this year.
A looser monetary policy should be instituted to support economic growth in the wake of global volatilities, especially the outbreak of the novel coronavirus (nCoV), experts suggested.
Vietnamese firms poured 460 million USD into 177 projects abroad in the first 11 months, reported the Foreign Investment Agency under the Ministry of Planning and Investment.
The Ministry of Finance inked a cooperation framework to strengthen infrastructure finance with the US Department of the Treasury in Hanoi on November 6.
According to audited financial reports 2018 from 20 Vietnamese banks, the average monthly income of banking employees in 2018 were VND12.37 million-34 million (USD521.73-1,478).
The Ministry of Planning and Investment signed a memorandum of understanding on information exchange of successful policies with the Presidential Committee on Balanced National Development of the Republic of Korea yesterday.