Việt Nam News

Việt Nam and Malaysia have great potental to promote trade and investment with Malaysia being one of the most important importers of Vietnamese goods in Southeast Asia in the post-pandemic period, a HCM City official said.

Inflation control is one of Việt Nam’s urgent tasks, given the country’s deep integration in the world economy and its dependence on material imports, Minister of Finance Hồ Đức Phớc said at the 15th-tenure National Assembly’s third session meeting on Thursday.

Việt Nam saw strong growth in its revenue from retail sales of goods and services in May 2022 due to an increase in tourism demand after the pandemic is bascially under control and the 31st SEA Games was successfully held in the country in mid-May.

Energy import independent countries like Việt Nam will be badly hurt by soaring prices of coal and crude oil in the international market. Therefore, in reaching net-zero emission by 2050, the reliance on fuel imports in the country will greatly reduce, according to the 2021 Việt Nam Energy Outlook report released on Thursday.

Banks have been promoting a target of diversifying income sources to reduce dependence on credit.  

Social housing projects that developers were hesitant to invest in due to capped profit suddenly gained traction as giant developers recently announced plans to step into the segment.

Risk aversion dominated markets on Thursday as stocks across all sectors witnessed a strong sell-off.

Many banks have recently announced they will issue a large number of shares under the employee stock ownership plans (ESOP) to retain good employees and increase capital.

The local authority in the border province Lạng Sơn has set up several COVID-19-free zones in an attempt to ensure the flow of goods across the Việt Nam-China border stays efficient and uninterrupted. 

Green solutions from Swedish businesses and modern images of Sweden as a hub for sustainable innovation were on display at the ‘Pioneer the Possible’ programme in HCM City that opened yesterday.

The Department of Enterprise Development under the Ministry of Planning and Investment, has launched a business information portal to provide information and support services for businesses in Việt Nam, especially small and medium enterprises.

Head of Digital channels at VIB Phạm, Thu Hà said: "In the field of technology, Cloud computing or Virtual Reality (VA), AR and Mixed Reality (MR) which have been emerging in recent years, have been gradually proving their superiority over traditional technology in optimising infrastructure resources, costs, automation and improving customer experience.

The Routes Asia Development Forum will be held in Đà Nẵng City on June 4-9, with the participation of airlines in Asia and Europe, including British Airways, Lufthansa Group, Qantas Airways Limited, Air New Zealand, Air India, Indigo, Japan Airlines, All Nippon Airways and Malaysia Airlines.

The number of newly-established enterprises in the first five months of the year was 62,961, up 12.9 per cent over the same period in 2021, according to the General Statistics Office (GSO).

Socio-economic recovery and development have been seen in HCM City – the biggest economic hub in southern Vietnam, with strong growth in production and business activities.

The central city of Đà Nẵng will hold a series of economic, trade, and investment events in June, most importantly the Đà Nẵng investment forum on June 26, said Hồ Kỳ Minh, deputy chairman of the municipal People Committee at a recent press conference.

Technological self-sufficiency and a focus on the domestic market are key to building resilience against post-pandemic global economic shocks and instability, the deputy chairman of the Central Economic Commission has said.

The retail prices of oil and petrol continued to rise yesterday following the latest adjustment by the Ministry of Industry and Trade and Ministry of Finance with new costs topping a record VNĐ31,000 a litre.