Vietnamese investment abroad rises by 35.1% in 1st 10 months of 2021

Industrial production in October prospered when the social distancing measures eased, production and business activities gradually recovered to a new normal status.

The index of industrial production (IIP) in October was estimated to increase by 6.9 per cent over the previous month and decrease by 1.6 per cent over the same period last year. In the first 10 months of this year, IIP increased by 3.3 per cent over the same period in 2020.

The number of newly-established enterprises in October increased in both quantity and registered capital compared to the previous month. The number of re-operated enterprises increased by 29.8 per cent over the previous month.

In October 2021, the country had 8,233 newly established enterprises with combined registered capital of 108.6 trillion VND—an increase of 111.2 per cent in the number of enterprises, a rise of 73.9 per cent in the registered capital and an increase of 17.9 per cent in the number of employees compared to September.

The average registered capital of a newly established enterprise in the month reached 13.2 billion VND, a decrease of 17.6 per cent compared to September, and a decrease of 2.8 per cent compared to October 2020.

However, import and export activities in October continued to be affected by the pandemic. The total import and export turnover of goods went down by 0.4 per cent compared to September and up by 4 per cent over the same month last year.

Export turnover in September 2021 reached $27.03 billion, while the same in October was estimated at $27.3 billion. In ten months, the export turnover was estimated at $267.93 billion, a rise of 16.6 per cent over the same period in 2020.

Gross retail sales of consumer goods and services in October 2021 were estimated at 357.9 trillion VND, up by 18.1 per cent over the previous month and down by 19.5 per cent over the same period last year.

Fibre2Fashion News Desk (DS)