Việt Nam News

The Prime Minister has agreed that work can begin on the development of Ledana Industrial Park in Bình Phước Province.

Experts have said that traceability is a challenge for Việt Nam to boost export handicraft products to the EU in the future.

Minister of Industry and Trade Trần Tuấn Anh said trade barriers, including tariff and non-tariff restrictions, should be limited to restore the economies of ASEAN members amid the COVID-19 pandemic.

Earlier on May 22, the ministry decided to approve projects repairing and upgrading downgraded runways and taxiways of Nội Bài International Airport in Hà Nội and Tân Sơn Nhất International Airport in HCM City.

The Vietnam Oil and Gas Group (PetroVietnam)’s oil equivalent output reached 8.99 million tonnes in the first five months of this year, 4.4 per cent higher than its target.

Industrial zones (IZs) and economic zones (EZs) attracted 390 foreign-invested projects with a total registered capital of US$4.3 billion in the first five months of this year, according to the latest updates of the Ministry of Planning and Investment.

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.