Economy

Agro-forestry-aquatic product exports were estimated to reach 22.83 billion USD in the first five month of this year, a year-on-year rise of 30.3 percent.

Vietnam reported a trade deficit of 1.35 billion USD in the first half of June as exports reached only 12.3 billion USD – down nearly 2 billion USD compared to the latter half of May.

The State Bank of Vietnam has flexibly operated monetary policy tools to maintain liquidity for the banking system, contributing to stabilising and recovering credit growth in the context of the COVID-19 pandemic.

Export revenue of the garment and textile sector surged 21.2 percent year on year in the first five months of 2021 to about 15.2 billion USD, according to the Vietnam Textile and Apparel Association.

The manufacturing and processing sector has taken the lead in attracting foreign direct investment since the beginning of this year, pulling in 6.1 billion USD, or over 43 percent of the total.

The Mekong Delta province of Bac Lieu plans to expand large-scale production and the use of advanced techniques to improve agricultural yield and quality and raise farmers' incomes from now to 2025.

According to the head of the Long An Economic Zone Authority - Nguyen Thanh Thanh, currently the occupancy rate in industrial parks operating in the province is more than 89 percent.

According to information from Long An People's Committee, Long An has attracted 2,080 domestic investment projects and 1,108 FDI projects so far.

The agriculture sector is set to earn 41 billion USD from export in 2021, according to Vu Ba Phu, head of the Vietnam Trade Promotion Agency under the Ministry of Industry and Trade.

According to Director of the Long An Department of Planning and Investment - Huynh Van Son, the total capital according to the plan 2021, Long An province has allocated more than 5,300 billion VND for projects.

The English version of the Journal of Asian Business and Economic Studies has been included in the list of Emerging Sources Citation Index.

Despite impacts of the COVID-19 pandemic, industrial production in the Mekong Delta province of Long An still maintains a positive growth, according to the provincial Department of Industry and Trade.