Việt Nam News

Permanent Deputy Prime Minister Phạm Bình Minh told an ASEAN business summit that companies must be both proactive and creative to adapt to the ‘new normal’.

Food companies in HCM City are feeling the pressure of the upcoming holiday season, after months of COVID-19 restrictions. Many have requested the State Bank of Việt Nam (SBV) put them on the list of businesses eligible for preferential loans, to help them prepare for Christmas and Tết holidays.

The Hòa Bình Construction Group (HBC) and Scotland’s Shire Oak International (SOI) have struck a strategic deal to develop rooftop solar power.

Foreign direct investment (FDI) is to continue flowing in Việt Nam from Europe in the medium to long-term thanks to the EU-Vietnam Investment Protection Agreement (EVIPA), which was ratified in August last year, experts said. 

As the COVID-19 pandemic has seriously impacted the implementation of Việt Nam’s economic development plans, the National Assembly (NA) and Government have been proactively and urgently deploying stimulus packages to quickly restore the economy and leverage growth.

The Unlisted Public Company Market (UPCoM) is increasingly attracting investors thanks to the potential of its stocks.

Foreign remittances to HCM City in the first nine months of the year were worth US$5.1 billion, a 22 per cent increase year-on-year.

Cửu Long (Mekong) Delta provinces, HCM City and Bình Dương Province will organise a job fair on October 29 for workers who returned to their hometowns to escape the COVID-19 outbreak.

Mercedes Benz Vietnam has announced that 1,773 C200 cars manufactured from December 2014 to February 2018 will be recalled for inspection and a software update.

Flights between Vân Đồn in the northern province of Quảng Ninh and HCM City will be resumed on Wednesday (October 27) after interruption due to the COVID-19 pandemic.

Thái Nguyên Iron and Steel JS Corporation (TISCO) has posted a nine-month profit of VNĐ113 billion (US$5 million), seven times higher than the last year’s number and exceeding their yearly target by 190 per cent.

Hương said the electronics industry posted the highest import-export turnover in the past 10 years. It also took the lead in export turnover among processing and manufacturing industries and accounts for 30-40 per cent of national GDP in the period. 

Cashless payments in Việt Nam have continued to record a high growth rate this year, according to a recent Government report.

British lender Standard Chartered Bank has cut its forecast for Việt Nam’s GDP growth this year to 4.7 per cent from its previous 6.5 per cent.

Food manufacturers and distributors in HCM City are focusing on resuming production and ensuring stable food supply after a long period of strict COVID-19 preventive measures hindering their operations.

Many coal enterprises, which are subsidiaries of Vinacomin, have announced positive business results compared to the results of the third quarter of 2021.