Latest news with #NSO
The Hindu
3 hours ago
- General
- The Hindu
Cycle rally taken out to commemorate 75 years of National Sample Survey
The National Statistics Office (NSO), Madurai Regional Office, on Tuesday conducted a cycle rally in Kodaikanal in Dindigul district. The rally was taken out to commemorate 75 years of the National Sample Survey (NSS). According to a press release, the objective of the event was to highlight the pivotal role of NSS in nation-building, raising awareness about its contributions to socio-economic planning, enhancing visibility of NSO and its statistical initiatives and to engage the public in understanding the importance of official statistics.
The Hindu
9 hours ago
- Business
- The Hindu
Retail inflation in July slips to 8-year low of 1.55%
Retail inflation slipped to an eight-year low of 1.55% in July mainly due to subdued prices of food items, including vegetables and cereals, according to government data released on Tuesday (August 12, 2025). The consumer price index (CPI) based inflation was 2.1% in June and 3.6% in July 2024. The July 2025 inflation is the lowest since June 2017 when it was at 1.46%. "The significant decline in headline inflation and food inflation during the month of July 2025 is mainly attributed to favourable base effect and to decline in inflation of pulses and products, transport and communication, vegetables, cereal and products, education, egg and sugar and confectionery," the National Statistics Office (NSO) said. The year-on-year food inflation rate in July was (-) 1.76%.
Fibre2Fashion
6 days ago
- Business
- Fibre2Fashion
Vietnam's FDI up 27.3% YoY in Jan-Jul; outward investment up over 200%
Vietnam attracted $24.09 billion in foreign direct investment (FDI) in the first seven months this year—a 27.3 per cent year-on-year (YoY) rise—driven by strong investor confidence, according to the ministry of finance's National Statistics Office (NSO). The inflows, covering newly-registered and adjusted capital and capital contribution through share purchases, included $10.03 billion registered for 2,254 new projects. The figures presented a YoY rise of 15.2 per cent in projects, though registered capital dropped 11.1 per cent, a domestic news agency reported. Vietnam attracted $24.09 billion in FDI in January-July 2025â€'a 27.3 per cent YoY riseâ€'driven by strong investor confidence. Manufacturing and processing accounted for 55.9 per cent of the newly-registered capital. Singapore led among 74 nations and territories, pouring in $2.84 billion, or 28.3 per cent of the new capital. Outward investment rose by over 200 per cent to $398.9 million during the period. Manufacturing and processing accounted for 55.9 per cent ($5.61 billion) of the newly-registered capital, while real estate's share was 23.5 per cent ($2.36 billion). Singapore led among 74 countries and territories, pouring in $2.84 billion, or 28.3 per cent of the new capital. China followed with 42.27 billion, Sweden added $1 billion, and traditional partners like Japan, Taiwan, and Hong Kong also kept the cash flowing. Combining new and adjusted-capital, manufacturing and processing ruled with $12.12 billion, or 60.6 per cent of the total FDI, followed by real estate at $4.95 billion, equivalent to 24.7 per cent. Share purchases and capital contributions jumped 61 per cent YoY to $4.07 billion via 1,982 transactions, targeting manufacturing (39.3 per cent) and professional, scientific, and technological activities (20.3 per cent). The country disbursed $13.6 billion in FDI, up by 8.4 per cent and marking the biggest seven-month sum in five years. Vietnam's outward investment rose by over 200 per cent to $398.9 million during the period. Total overseas investment, including newly-registered and adjusted capital, hit $528.5 million, a 3.5-fold leap YoY. Laos was the biggest recipient of Vietnamese investment, attracting $150.3 million (28.4 per cent), followed by the Philippines and Indonesia. Fibre2Fashion News Desk (DS)
Business Times
6 days ago
- Business
- Business Times
Vietnam's robust domestic activity in July buoys growth amid trade strains
[HO CHI MINH CITY] Vietnam's domestic economic activity was buoyant in July, supported by robust spending and investment, while exports braced for a potential slowdown in the coming months as higher US tariffs kick in on Aug 7 . Estimates from the Vietnamese government's statistics agency (NSO) on Wednesday (Aug 6) pointed to retail sales having grown by 9.2 per cent in July, accelerating from the eight-month low of 8.3 per cent in June. In the first seven months of 2025, retail activity expanded by 9.3 per cent year on year, stronger than the year-ago period's 8.9 per cent. This underscores 'resilient private spending, driven in part by strong real wages', noted Adam Ahmad Samdin, economist at Oxford Economics. Credit growth also hit a 10-year high – 9.64 per cent – in the year to Jul 28, indicating robust economic activity, he added. Vietnam's central bank on Tuesday (Aug 5) even urged lenders to further slash interest rates and keep deposit rates stable to boost lending and support the country's growth target. A NEWSLETTER FOR YOU Friday, 8.30 am Asean Business Business insights centering on South-east Asia's fast-growing economies. Sign Up Sign Up The Vietnamese government is targeting economic growth of 8.3 to 8.5 per cent in 2025, up from 7.09 per cent in 2024. On the production front, soft data from S&P Global's latest purchasing managers' survey for July showed that strengthening domestic demand drove new orders, which expanded for the first time in four months, growing at the fastest pace since November 2024. While new export orders remained in contraction for the ninth consecutive month due to the US tariff hikes, manufacturers secured sufficient domestic business to return total new orders to growth. Foreign and government investments have also accelerated, supporting the country's growth outlook this year. In a recent note, Maybank analysts, citing the improved business landscape resulting from reduced red tape and a more predictable legal environment, wrote: 'The steady rollout of private-sector reforms will cushion the headwinds to external trade from the US tariffs by promoting domestic investment and enhancing competitiveness for foreign direct investment (FDI).' Public investment disbursement in the first seven months came in at 388 trillion dong (S$19 billion), almost 40 per cent of the sum for the full-year plan. This is a marked increase from the 27.8 per cent for the corresponding period in 2024. Disbursed FDI from January to July also hit the highest level for a seven-month period in at least nine years, rising by 8.4 per cent from the year before, to US$13.6 billion. FDI pledges, which indicate future inflows, grew 27.3 per cent year on year to hit US$24.09 billion. Given that the 20 per cent US tariff on Vietnam is now broadly on par with the 19 per cent imposed on other key Asean exporters, 'Vietnam's comparative advantage as a favoured investment destination remains', said Yun Liu, Asean economist at HSBC. Export growth likely to ease Exports in July continued to grow strongly, at 16 per cent year on year, bringing the year-to-July turnover to US$42.27 billion. This was driven largely by shipments in two sectors – that for computers and electronics, and for machinery and equipment. In the first seven months, Vietnam recorded a trade surplus of US$10.2 billion, with exports and imports expanding by 14.8 per cent and 17.9 per cent, respectively. In line with the robust export performance, industrial production rose by 8.5 per cent from the same period last year. 'We expect export momentum to slow, given that the tariff-pause is slated to end on Aug 7,' said Oxford Economics' Samdin. He pointed out that front-loaded orders had temporarily boosted exports ahead of the tariff deadline, so he is expecting a payback effect in the coming period. Uncertainties also persist, largely due to the lack of clarity on the definition of 'transhipment' – such goods will be subject to a higher 40 per cent tariff imposed by the US – as well as upcoming sector-specific levies. HSBC's Liu added: 'Downside risks to (Vietnam's) growth have not faded in this challenging trade environment, as the situation remains fluid.'
The Star
6 days ago
- Business
- The Star
Vietnam's FDI grows 27.3% in seven months, signals investor confidence
HANOI: Vietnam pulled in US$24.09 billion in foreign direct investment (FDI) in the first seven months of 2025, a 27.3 per cent surge year-on-year, driven by strong investor confidence, the Ministry of Finance's National Statistics Office (NSO) reported on Wednesday (Aug 6). The FDI inflows, covering newly-registered and adjusted capital, and capital contribution through share purchases, included $10.03 billion registered for 2,254 new projects. The figures presented a year-on-year rise of 15.2 per cent in projects, though registered capital dropped 11.1 per cent, showing that investors have continued to flock to Vietnam but with smaller deals. Factories were the big winners, with manufacturing and processing snagging 55.9 per cent (US$5.61 billion) of the newly-registered capital, while real estate scooped up 23.5 per cent ($2.36 billion). Singapore led the charge among 74 countries and territories, pouring in $2.84 billion, or 28.3 per cent of the new capital total. Mainland China followed with $2.27 billion, Sweden added US$1 billion, and traditional partners like Japan, Taiwan, and Hong Kong also kept the cash flowing, proving Vietnam's broad appeal across Asia and beyond. A bright spot was the dramatic 95.3 per cent surge in adjusted capital, with 920 existing projects pumping in additional $9.99 billion. This sharp increase signaled strong confidence in Vietnam's business environment and economic prospects. Global corporations are scaling up production and tech upgrades, betting big on Vietnam as a stable and promising base for sustainable growth. When combining new and adjusted capital, manufacturing and processing ruled with $12.12 billion, or 60.6 per cent of the total FDI, followed by real estate at $4.95 billion, equivalent to 24.7 per cent. Share purchases and capital contributions jumped 61 per cent year on year to $4.07 billion via 1,982 transactions, targeting manufacturing (39.3 per cent) and professional, scientific, and technological activities (20.3 per cent), showing foreign investors' interest in high-value, knowledge-driven sectors. Vietnam disbursed $13.6 billion in FDI, up 8.4 per cent and marking the biggest seven-month sum in five years, fueling jobs and growth as promises turn into action. Vietnamese firms are also going global, with outward investment skyrocketing over 200 per cent to $398.9 million. Total overseas investment, including newly-registered and adjusted capital, hit $528.5 million, a 3.5-fold leap year on year. Electricity and gas production took the lead (21 per cent), transport and warehousing (20.6 per cent), and wholesale and retail (14.8 per cent). Laos was the biggest recipient of Vietnamese investment, grabbing $150.3 million (28.4 per cent), followed by the Philippines and Indonesia. — Vietnam News/ANN
