Event News

ADB revises up Vietnam’s 2020 GDP growth forecast to 2.3%

Created On: 11/12/2020

The Asian Development Bank (ADB) has revised up Vietnam’s gross domestic product (GDP) growth forecast in 2020 to 2.3% from the previous estimate of 1.8% in September, attributing the upgrade to the strength of accelerated public investment, revived domestic consumption, trade expansion and rapid recovery in China.

Bac Lieu gets US$3 billion from FDI power project

Created On: 29/10/2020

Delta Offshore Energy, Bechtel Corporation, General Electric and McDermott signed a Master Teaming Agreement this morning at the opening ceremony of the Indo Pacific BizForum in Hanoi to bring in U.S. equipment and services worth more than US$3 billion for the development of the Bac Lieu LNG-to-power project in Bac Lieu province to help address the growing clean, reliable and competitive energy needs of Vietnam.

Vietnam’s 10-month FDI tumbles 20%

Created On: 29/10/2020

Vietnam attracted US$23.4 billion in foreign direct investment (FDI) in the January-October period this year, down by around 19.4% from the same period last year due to the adverse impacts of the Covid-19 pandemic, according to data from the Ministry of Planning and Investment.

Vietnam’s GDP predicted to surpass Singapore’s this year

Created On: 16/10/2020

The International Monetary Fund (IMF) has forecast that Vietnam’s gross domestic product (GDP) in 2020 would surpass that of Singapore to emerge as the fourth biggest economy in Southeast Asia.