Việt Nam News

The Ministry of Industry and Trade has just released seven factors that affect the development of the electric car industry in Việt Nam.

Hưng Yên longans – one of the famous specialties of Việt Nam – are being sold on a trial basis between Tuesday and Sunday this week with discounts of up to 50 per cent. 

The Việt Nam Association of Seafood Exporters and Producers has written to the Government seeking priority COVID-19 vaccination for workers in the fisheries industry so that it can sustain production and export.

Việt Nam's airline industry is facing its worst crisis yet since the beginning of the COVID-19 pandemic, an online conference on financial solutions to keep the industry afloat during this difficult time has been told.

Reducing the import tax for construction steel products will threaten domestic steel production, the Việt Nam Steel Association (VSA) has said.

The Ministry of Finance is studying a tax and fee reduction and exemption package estimated to be worth around VNĐ20 trillion (US$897 million) to support citizens and enterprises affected by the COVID-19 pandemic.

The Government should buy summer-autumn rice for temporary storage to push up consumption demand and provide security for farmers, the Deputy Minister of Agriculture and Rural Development, Trần Thanh Nam, has said. 

The proportion of closed textile and garment factories has reached 30-35 per cent due to COVID-19 pandemic so far.

Seafood companies are struggling with problems arising from the current fourth wave of COVID-19, causing uncertainties for the second half of 2021. However the speed of vaccination and loosening of travel restrictions in many countries, especially the US, can support the industry. 

In order to ensure stable supply and prices of groceries and foods, the HCM City Department of Industry and Trade has set up 66 more mobile sales points and 87 fresh food stores.

Việt Nam’s stock market settled higher on Tuesday as more investors returned to riskier assets in the afternoon trade.

Russian Ambassador to Vietnam Gennady Bezdetko has published an article on the occasion of the Việt Nam – Russia oil and gas joint venture Vietsovpetro celebrating its 40th founding anniversary and 35 years since it began oil and gas exploitation, praising the firm's significant contributions to the nations’ comprehensive strategic partnership.

Despite struggling to cope with a COVID-19 resurgence, HCM City managed to achieve positive economic growth in the first seven months of the year, according to the city Statistics Office.

The city’s health sector and Thủ Đức city authorities must apply strict Covid-19 prevention measures to maintain safety and industrial production value at Sài Gòn Hi-Tech Park (SHTP) amid the pandemic, Phan Văn Mãi, deputy secretary of HCM City’s Party Committee, said. 

HCM City authorities are working carry a new inland container depot (ICD) to be built in Long Bình Ward, District 9, to replace the existing Trường Thọ Port complex in Thủ Đức District.

E-commerce is an important pillar in Việt Nam’s development of digital economy and digital transformation. Structural reforms will help promote the sector in line with digital trend.

Tân Cảng - Cát Lái Port in HCM City’s newly created Thủ Đức city will temporarily stop accepting imports by businesses that have suspended production so that it can clear a huge backlog of containers that have piled up.

The market ended higher on Monday, boosted by gains in large-cap stocks, with foreign investors continuing to net buy on both main exchanges.