Economy

The Vietnam Association of Foreign Invested Enterprises (VAFIE) has begun working on the annual 2022 foreign direct investment (FDI) report.

Vietnam and the Southeast Asian region have managed to maintain economic stability and growth despite COVID-19 and the Russia-Ukraine conflict, according to experts.

The number of air passengers reached nearly 12 million in July, including over 10.5 million on domestic flights, an increase of 40.3% compared to July 2019 before the COVID-19 outbreak.

In Long An province, the total retail sales of goods and services in July 2022 reached over VND 9,300 billion, up 2.8 percent over the previous month, up 75.9 percent over the same period.

The Department of Industry and Trade informed that the industrial production index in July 2022 increased by 3,60 percent over the previous month and by 20,31 percent over the same period last year.

Secretary of the Provincial Party Committee, Chairman of the Provincial People's Council – Nguyen Van Duoc received leaders of Kusto Group and Coteccons Construction Joint Stock Company in Long An.

Vietnam will need a skilled workforce to transform itself into an upper-middle-income economy by 2035, the World Bank has suggested in its recently-released report named “Taking Stock: Educate to Grow”.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,175 VND/USD on August 8, down 7 VND from the last working day of the previous week (August 5).

Beginning the exciting autumn season in August, Vietjet offers an attractive promotion programme "Double day, great sale, comfortable flight" not to be missed.

ASEAN was the first step of Vietnam in the process of international integration, and the bloc has served as a gateway for the country’s integration into the region and the world, an official has said.

The State Bank of Vietnam (SBV) has given timely instructions to banks in order to prevent risks and acts that take advantage of virtual currencies in transactions, Deputy Governor Dao Minh Tu has said.

Vietnam expects to earn 45.7 billion USD from garment-textile exports this year amid good results recorded since the beginning of this year and positive market developments.