Việt Nam News

The PCI, the result of a long-standing collaborative effort between Việt Nam Chamber of Commerce and Industry and the US Agency for International Development, is designed to assess provincial economic governance, the ease of doing business, and administrative reform efforts by provincial governments in Việt Nam to boost private sector development.

With total spending of 5.7 per cent of GDP on infrastructure, Việt Nam has taken the lead in Asia in this regard.

Phạm Tuấn Anh, deputy director of the Department of Industry under the Ministry of Industry and Trade, told the Vietnam News Agency reporter about solutions to promote Việt Nam's supporting industry.

Việt Nam spent over US$21.12 billion in 2022 to import mobile phone and components or a decrease of 1.61 per cent over the same period  2021, accounting for 5.89 per cent of the country’s total import turnover.

According to Mercantile Exchange of Việt Nam (MXV), Robusta averaged US$2,564 per tonne as of April 24 on ICE Futures Europe, the highest level since the end of May which increased by nearly 40 per cent compared to the beginning of this year.

With the Government’s initiatives to address disappointing GDP growth in the first quarter and the fact that foreign companies’ orders are likely to increase in the second half of the year, the economy is expected to rebound then, Michael Kokalari, chief economist at investment fund VinaCapital, has said.

Container shipping in Việt Nam and Cambodia had the lowest port turnaround times in ASEAN in June 2022 with both countries scoring averages of 0.9 days, according to the World Bank (WB)’s report.

The top online travel agents (OTAs) in Q1 are international brands in the travel sector, such as Traveloka, Booking.com, Agoda, Expedia and Trip.com. There are no domestic OTAs platforms among the top choices of Vietnamese travellers.

Hồ Chí Minh City’s GRDP reached VNĐ360 trillion ($15.4 billion) in the first quarter, up 0.7 per cent year-on-year, but the growth was lower than the national average.

The province, known as the tea capital of Việt Nam, aims to enhance the construction and infrastructure investment of industrial zones and clusters, as per the Thái Nguyên Province’s master plan for the period 2021-30, approved by the Prime Minister.

A coastal road connecting Hạ Long and Cẩm Phả cities in the northern province of Quảng Ninh was put into operation on April 30

A series of opportunities to invest in the agriculture sector in the southern province of Tây Ninh will be introduced at the “Businesses connection forum to invest and develop high-tech agricultural ecosystem in Tây Ninh province in 2023", which will be organised on June 2.

Under the new regulations, OCOP goods showcased in showrooms must achieve a minimum of three stars or higher based on the criteria for evaluating and classifying OCOP products promulgated by the Prime Minister.

Since it has little land left, HCM City will focus on attracting projects that use advanced, new or clean technologies, have high added value, help boost the competitiveness of domestic firms and enhance their access to global supply chain, and contribute to green and sustainable development.

The Ministry of Planning and Investment (MPI) and the United States Agency for International Development (USAID) have launched the first official Yellow Pages for Digital Transformation Providers.

In the first four months of this year, the index rose by 3.84 per cent year on year, mainly due to increases in prices of education, housing and construction materials, culture, entertainment and tourism, food, and electricity.

Digital content creation has become a potential new land for content producers and brands and digital advertising businesses.

The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank – ticker HDB) has announced its results for the first quarter of 2023, with stand-alone pre-tax profits topping VNĐ2.8 trillion (US$119.3 million).