Year: 2016

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    Vietnam Industry and Trade News Bulletin for JANUARY 04, 2016

    ByVN Industry and Trade Bulletin

    A. POSITIVE NEWS 1. Record FDI Attraction: Four “Billion-Dollar” Projects in 2015 According to the Foreign Investment Agency, total registered foreign direct investment (FDI) in 2015 reached nearly 23 billion USD, an increase of 12.5% compared to 2014. This marks the first time in seven years since the 2008 record that Vietnam has attracted such a large volume of FDI. 2. Trade Surplus with the US Reaches $25.5 Billion While Vietnam faced significant trade deficits…

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    Vietnam Industry and Trade News Bulletin for January 4, 2016

    ByVN Industry and Trade Bulletin

    A. GENERAL ECONOMIC HIGHLIGHTS 1. Anxious Wait for Tet Bonuses Despite reports from the Ministry of Labor, Invalids and Social Affairs (MOLISA) suggesting that the 2016 Lunar New Year (Tet) bonuses might exceed the previous year’s average of 5 million VND due to GDP growth, workers remain anxious. As of January 3, the Ministry had not yet fully summarized the bonus situation as local reports were incomplete. MOLISA officials noted that while bonuses are not…