(VOVWORLD) -In the first half of this year, Hai Phong city attracted nearly 2 billion USD from foreign direct investment (FDI), achieving 99% of the whole year plan, in which investment in industrial parks and economic zones alone is estimated at 1.9 billion USD. The result is attributed to a methodical investment promotion strategy and innovation to turn challenges into opportunities.

(VOVWORLD) - Da Nang city ranks 9th of 63 provinces and cities for the 2022 Provincial Competitiveness Index (PCI), dropping 5 places, according to the ranking by the Vietnam Chamber of Commerce and Industry. Da Nang is now studying ways to become one of the top localities again.

(VOVWORLD) -In the first 5 months of this year, Vietnam's exports faced many difficulties, with revenue of many key products decreasing. But thanks to the rebound of rice and vegetables, exports were higher in May. Vietnam posted a trade surplus of almost 10 billion USD in the reviewed period. Inflation in some markets dropped, while the import demand increased. Vietnam's exports are forecast to bounce back in the second half of the year.

(VOVWORLD) -Despite socio-economic difficulties caused by the post-COVID global slowdown, Hai Phong city’s Gross Regional Domestic Product (GRDP) grew 9.65% in the first three months of this year, nearly three times faster than the national average. Strong, stable economic growth will allow Hai Phong to become a growth engine of the Red River Delta region and the country.

(VOVWORLD) - The Vietnam Oil and Gas Group (Petrovietnam) plays a crucial role in providing essential commodities like oil, gas, electricity, and petroleum, contributing significantly to socio-economic development goals. This success is a result of Petrovietnam's dedicated efforts in a demanding economic environment.

(VOVWORLD) - In May, 2023 when the global and national economic situations were extremely difficult with record heat on a large scale causing electrical shortages and declines in production elsewhere in the world, the output and trade of Vietnam Oil and Gas Group (PetroVietnam) was able to maintain stability. The production and supply of gas, electricity, and petroleum, the group’s key products, especially enjoyed remarkable growth, helping to reduce power supply pressures, while ensuring national energy security and significantly contributing to the state budget.

(VOVWORLD) -Ho Chi Minh City’s economic growth is expected to increase 5.87% in the second quarter of 2023. With a jump from 0.7% in the first, HCMC, known as the economic leader of Vietnam, has developed strongly. This is an optimistic signal for the city’s economy in the remaining months of this year.

(VOVWORLD) - The exploitation of gas fields is planned annually by the owners (with the participation of Petrovietnam and other parties) basing on exploitation ability, safety of mining operations, purchasing commitment, and demand of customers under long-term contracts.

(VOVWORLD) - Due to COVID-19 and the global economic recession, HCMC’s FDI attraction has slowed down. Since the beginning of this year, the municipal administration has changed its strategy to focus on projects of high feasibility that involve new technologies, high added value, and spillover effects, and connect production with global supply chains.

(VOVWORLD) -Foreign Direct Investment (FDI) inflows are forecast to decrease this year, but FDI need for post-COVID-19 recovery and development is on the rise, forcing developing countries to compete fiercely with each other to attract foreign capital. This poses many challenges for Vietnam, but offers it an opportunity to speed up renovation.