Việt Nam News

The COVID-19 pandemic has had a strong impact on the global economy, including Việt Nam. The country has however been a safe destination for foreign investors thanks to its successful efforts to control the outbreak. Việt Nam News’s Thu Ngân speaks to the Bristish consul general in HCM City, Ian Gibbons, about UK enterprises in this country and how he sees investment trends in the near future.

Some 70,000-80,000 workers across the country have returned to work since the mass disruption caused by the novel coronavirus in Việt Nam, said deputy minister of labour, war invalids and social affairs (MOLISA) Lê Văn Thanh at an online conference held on Wednesday to discuss and share experience in job creation and sustainable business in the new normal [after COVID-19].

Since the beginning of the year, exports of the two main seafood products of Viet Nam in tra (pangasius) fish and shrimps have declined sharply. 

Banks have embarked on the conversion of magnetic payment cards into chip cards for greater security, but the Covid-19 pandemic has significantly slowed down their efforts, making it difficult for them to meet the deadline.

The port of Quy Nhơn launched a direct transport service to Northeast Asia on Wednesday

Many industrial parks and export processing zones in HCM City lack sufficient infrastructure since authorities’ failure to pay compensation for lands has meant they have been unable to acquire and clear them.

The company plans to list more than 3.1 billion shares on the northern stock market, representing its charter capital of VNĐ31 trillion (US$1.34 billion)

Vietnamese shares tracked global markets higher on Wednesday, led by gains in banking stocks.

The Ministry of Finance has proposed the collection from the restructuring of State-owned enterprises (SOEs) to go directly to the State budget instead of the Enterprise Arrangement and Development Support Fund in an effort to improve the efficiency in using this revenue.

Việt Nam targets to have 10 localities with revenue of more than US$1 billion each from information and technology (IT) by the year 2025.

Deputy Governor of the State Bank of Việt Nam Đào Minh Tú has said July 7 is the deadline for e-wallet owners to complete the identity verification.

SK Investment Vina III, the investment arm of SK Group, purchased 12.32 million Imexpharm shares on May 29.

The seventh telecom provider in the country, the new network will be launched with a new prefix number and use the mobile phone infrastructure of the State-owned Việt Nam Posts and Telecommunications Group (VNPT), which boasts among the best coverage and quality in the country.

The Government’s decision to offer a zero-import tax rate on automobile components opens significant opportunities for the local industry to lower prices, enhance competitiveness and promote consumption.

The Việt Nam Asset Management Company (VAMC) targeted to settle bad debts worth totally VNĐ50 trillion (US$2.15 billion) this year.

Deputy Prime Minister Trịnh Đình Dũng has urged relevant ministries to allocate sufficient investment capital for the appraisal of the pre-feasibility study report of the North - South high-speed railway project.

The State Bank of Việt Nam (SBV) is expected to further take monetary easing measures to support the country’s GDP growth target of above 5 per cent this year in light of a weak economic outlook, experts forecast.

Consumer behaviour has changed greatly during the COVID-19 pandemic, opening up opportunities for businesses that can capitalise on the changes, a recent survey has found.