Việt Nam News

The northern province of Bắc Ninh has set a target of registering 2,500 new enterprises each year from 2020 to 2025 as part of a scheme to support small and medium-sized enterprises (SMEs).

Braving difficulties, Việt Nam's GDP growth can reach 2-3 per cent in 2020 but amid an uncertain recovery path, enterprises are much in need of the Government's support and continued structural reforms to ensure sustainable growth.

TPBank has become the first bank in Việt Nam to allow all domestic cardholders to make payment and withdrawal transactions in South Korea in addition to international debit cards or credit cards.

The northern coastal province of Quảng Ninh has targeted to make the processing and manufacturing industry become one of the main pillars of the province’s industry.

The central bank’s updates late last week showed credit had expanded 6.09 per cent in the first nine months of this year compared with the end of 2019.

The capital city of Hà Nội has selected several locations for the introduction and sale of goods under the “One Commune, One Product” (OCOP) programme.

Mercosur countries, comprising Argentina, Brazil, Paraguay, Uruguay and Venezuela, could be a potentially lucrative market for Vietnamese exports such as textile and garment, footwear, handicrafts, and processed foods amid the disruption of many traditional supply chains due to the Covid-19 pandemic, an online conference between Việt Nam and the South American bloc heard on October 1.

The HCM City Department of Transport held a meeting with related departments on October 2 to discuss support measures for transport companies affected by Covid-19.

BUSINESS BEAT

Investment funds have seen their net asset value (NAV) increase strongly during the third quarter of this year thanks to positive movements of the market.

Đà Nẵng City, the State Bank of Việt Nam, as well as Cần Thơ and Vĩnh Phúc provinces were rated level A for their concern about implementing information security.

Vietnamese wood processing companies have not made full use of the incentives on offer when exporting to Canada, an online conference heard on September 30.

Strong domestic purchasing is expected to keep Vietnamese shares upbeat this week, securities firms have forecast.

Sơn Hà Development Of Renewable Energy Joint Stock Company, a member of Sơn Hà Group, on the weekend inaugurated its EVgo electric vehicle production plant in the northern province of Bắc Ninh, Thuận Thành II Industrial Park.

In the first of the three-phase project, nine turbines, whose total capacity reaches 40 MW, will be built at a cost of more than VNĐ1.5 trillion.

Masan MEATLife, a subsidiary of Masan Group, on October 3 commissioned the VNĐ1.8 trillion (US$77.6 million) MEATDeli Saigon Meat Processing Complex in Long An Province.

HCM City People’s Committee recently proposed the land prices frame be more market-based because large gaps with the market prices have caused significant losses to budget collection.

Việt Nam is willing to welcome investment from Japanese IT enterprises, Deputy Minister of Information and Communications Phạm Anh Tuấn told an online conference.