INDIAN ECONOMY TO GROW BY 9.2% IN REAL TERMS IN 2021-22
AGRICULTURE TO GROW BY 3.9 % IN 2021-22 IN COMPARISON TO 3.6% IN THE PREVIOUS YEAR
INDUSTRIAL SECTOR TO WITNESS SHARP REBOUND FROM A CONTRACTION OF 7% IN 2020-21 TO EXPANSION OF 11.8% IN 2021-22
SERVICES TO CLOCK 8.2% GROWTH IN 2021-22 AFTER A CONTRACTION OF 8.4% LAST YEAR
FOREIGN EXCHANGE RESERVES STOOD AT US$ 634 BILLION AS ON 31ST DECEMBER 2021 EQUIVALENT TO OVER 13 MONTHS OF IMPORTS AND HIGHER THAN COUNTRY’S EXTERNAL DEBT
INVESTMENT IS EXPECTED TO SEE A STRONG GROWTH OF 15% IN 2021-22
CONSUMER PRICE INDEX (CPI) COMBINED INFLATION OF 5.6% IN DECEMBER 2021 IS WELL WITHIN TARGETED TOLERANCE BAND
FISCAL DEFICIT FOR APRIL-NOVEMBER 2021 CONTAINED AT 46.2% OF BUDGET ESTIMATES
CAPITAL MARKET BOOMS DESPITE PANDEMIC; OVER RS 89 THOUSAND CRORE RAISED VIA 75 IPO ISSUES IN APRIL-NOVEMBER 2021, MUCH HIGHER THAN IN ANY YEAR IN THE LAST DECADE
Chairman of Vietnam’s National Assembly Vuong Dinh Hue arrived in New Delhi on December 15, beginning a 4-day visit at the invitation of leaders of both houses of the parliament. The visit marked new beginnings for the countries’ relationship.
Vietnam is paving the way for 5G commercialisation as an enabler of digital transformation, with the aim to develop a digital government, economy, and society. Denis Brunetti, president of Ericsson for Vietnam, Myanmar, Cambodia, and Laos, explained to VIR’s Bich Thuy how 5G enables the transformation of industries and society at large.
Vietnam has long stated its plan to provide 5G coverage nationwide by 2030. It focuses on the ability to offer all citizens lightning-fast speed internet connection at low cost, and it remains the country’s first priority.
India-Vietnam relations have been growing by economic, commercial, and strategic engagements in the past few years thanks to significant contributions from organisations, the business community, and experts. Vaibhav Saxena, a renowned Indian expert, discussed with VIR’s Bich Thuy his special journey in Vietnam and the future economic opportunities between the countries.
As the new laws on investment, enterprises, and public-private partnership investment officially came into effect from early 2021, domestic and international investors are now pinning high hopes on guiding decrees to facilitate their new ventures.
In a virtual ceremony held on July 30, the Indian Business Chamber in Vietnam (INCHAM) signed a contract with the Viet Gia Medical Equipment JSC to purchase one extracorporeal membrane oxygenation (ECMO) machine for installation at the Hospital for Tropical Diseases of HCMC.
Power generation companies and power consumers participating in direct power purchase arrangements are expected to see several new requirements under a draft circular expected this year. Vaibhav Saxena and Nguyen Lan Chi from Vietnam International Law Firm analyse the importance of the new rules to all participants and the power sector.