Chủ đề: Vietnam

The government has agreed with a proposal from the Ministry of Finance (MoF) to supplement support measures for people and businesses affected by Covid-19.

Vietnam is among the top 10 fastest-growing luxury real estate markets in the world, with supply increasing 11 per cent each year on average.

Vietnam’s index of industrial production (IIP) rose just 1.8 per cent in July compared to June and 2.2 per cent year-on-year due to Covid-19.

Most aviation companies incurred heavy losses in the second quarter of 2021 due to Covid-19.

Total export and import turnover reached $373.36 billion in the first seven months of 2021, up 30.2 per cent against the same period last year.

Economic growth should pick up pace again in the third quarter of the year and the stock market will continue its upwards trend, Mr. Petri Deryng, Manager of the Finland-based hedge fund Pyn Elite, has said.

The Vietnam Pepper Association (VPA) has proposed a number of measures to remove difficulties facing Vietnamese pepper exporters, especially regarding customs clearance procedures.

The National Assembly (NA) approved the five-year socio-economic development plan in the 2021-2025 period on July 27.

The National Assembly (NA) approved the government structure and number of members in the 2021-2026 tenure on August 28.

Vietnam is seeing among the highest growth in e-payments in the world, at about 35 per cent each year, of which e-wallets have found particular favor among the population as a modern and convenient method of payment.

As of the end of 2020, Vietnam had more than 40 enterprises engaged in the production and assembly of motor vehicles, some of which have actively participated in global automobile production chains. The country’s total assembly capacity is 755,000 vehicles a year, of which the foreign-invested sector accounts for 35 per cent and local enterprises 65 per cent.

Vietnam’s tuna exports to the US and European markets increased sharply in the first quarter of 2021, by 21 per cent year-on-year to $355 billion. The Vietnam Association of Seafood Exporters and Producers (VASEP) has, however, predicted that growth may slow in the months to come because of higher transportation costs.

ASEAN Online Sale Day 2021 will be held from August 8 to 10, hosted by Brunei Darussalam, which is ASEAN Chairman this year, Singapore, and Vietnam, with two main activities: domestic e-commerce and cross-border e-commerce. The day aims to encourage and promote e-commerce and cross-border e-commerce throughout ASEAN, contributing to the implementation of the ASEAN Agreement on e-commerce.

Transactions for and the price of gold have virtually “frozen” in Vietnam since the beginning of July. The recent upturn in the USD exchange rate has put downward pressure on the precious metal, though it is still supported by accommodative monetary policy from the central bank and the need for hedging during the pandemic.

On June 25, the Minister of Health Mr. Nguyen Thanh Long, discussed with two large Korean corporations including SK Group and Samsung about cooperation in the medical field.

The steel price has increased 40 per cent this year compared to 2020, pushing up construction costs by 10 per cent. Many contractors have delayed construction while waiting for prices to fall, to avoid financial damage.

Many businesses and industrial clusters (ICs) have not yet finished general waste treatment works due to time-consuming and costly legal procedures. The Ministry of Industry and Trade will soon inspect and closely supervise ICs causing pollution and will handle those that are inefficient, violate the law, or unsuitable for actual local conditions. It has also directed that operating ICs complete investments in concentrated waste-water treatment works before January 1, 2024.

In a report submitted to the ongoing National Assembly (NA) session, State Audit of Vietnam identified a series of violations in the management and use of State capital at 17 groups and corporations. Audited enterprises are profitable, the report noted, but their management and use of capital and assets exhibit many loopholes and are not in accordance with State regulations. The management and collection of debts at many enterprises are also poor. Some enterprises have invested in real estate and completed construction but been slow to sell their property products, reducing the efficiency of capital use.

An online conference on the disbursement of ODA and foreign concessional loans this year is to be held in August and be chaired by Deputy Prime Minister Pham Binh Minh. The conference will discuss difficulties and obstacles in the preparation, implementation, and disbursement of programs and projects and propose specific solutions to accelerate the disbursement of foreign capital over the remaining months of the year.

The Ministry of Planning and Investment (MPI) and LinkSME (Linkages for Small and Medium Enterprises - a project sponsored by the US Agency for International Development) announced on July 22 a support package for building a digital transformation roadmap for enterprises. A hundred enterprises will be chosen to receive support and become success stories for others to follow.