Việt Nam News

Việt Nam is playing catch-up in a global race to develop its own digital currency and experts believe this will not only help the country develop new technologies but also present an opportunity for Việt Nam to join the most technologically advanced countries.

Many HCM city companies that had to close down after some of their workers were found to have COVID-19 have got approval from authorities to reopen after their on-site lodging facilities for workers and epidemic prevention plans were verified.

According to Director General of the European-American Market Department under the Ministry of Industry and Trade (MoIT) Tạ Hoàng Linh, over past years, Vietnamese enterprises had paid attention to improving their understanding about international import-export standards. However, the firms needed to make greater efforts in cementing the foothold of their products in international supermarket shelves.

According to Director General of the European-American Market Department under the Ministry of Industry and Trade (MoIT) Tạ Hoàng Linh, over past years, Vietnamese enterprises had paid attention to improving their understanding about international import-export standards. However, the firms needed to make greater efforts in cementing the foothold of their products in international supermarket shelves.

BUSINESS BEAT

Việt Nam has welcomed the decision of the United States Trade Representative (USTR) not to take trade action in connection with the investigation into Việt Nam’s currency policy, spokesperson for the Vietnamese foreign ministry Lê Thị Thu Hằng said on Saturday.

The Office of the US Trade Representative (USTR) on Friday issued a formal determination in the Việt Nam Currency Section 301 investigation, under which the agency will not take any tariff action against Việt Nam.

HCM City has imposed strict travel restrictions and locked down many places, causing demand for home delivery services to skyrocket along with costs.

The Institute of Chartered Accountants in England and Wales has signed a memorandum of understanding with the Ministry of Finance to improve the quality of human resources and accelerate the development accounting and auditing to facilitate Viet Nam’s international integration.

The US’s Vector Fabrication Inc has been scouting locations in central Việt Nam for a Micro-Electro-Mechanical Systems (MEMS) factory with an estimated investment of US$60 million, according to the Head of the Đà Nẵng Hi-tech Park and Industrial Zones Authority (Đà Nẵng HPIZA), Phạm Trường Sơn.

The ministry said in the second quarter, housing prices in Hà Nội and HCM City continued to increase by 2-7 per cent quarter on quarter due to the low new supply, while many localities saw a slight rise of 3 per cent. House prices in Hải Phòng, Bình Dương and Đồng Nai increased by 5-9 per cent quarter on quarter.

Paper and packaging firms have reported positive business earning results despite the impact of COVID-19 pandemic.

Policies were needed to promote the development of domestic online markets which were facing increasingly harsh competition from foreign rivals to ensure a healthy and sustainable development for the e-commerce market.

The prolonged impact of the COVID-19 pandemic has made digital tools such as livestream, augmented reality (AR) and virtual reality (VR) become more popular in real estate transactions, contributing to increasing property values.

The Việt Nam Association of Seafood Exporters and Producers (VASEP) has said it will be difficult for seafood producers that export to the EU to maintain growth in the second half of this year.

Member countries of the Association of Southeast Asian Nations (ASEAN) are preparing for the ASEAN Online Sale Day 2021, which is slated for August 8-10.

Stable economic growth has made Việt Nam an attractive destination for foreign investors particularly amid current changes in the global supply chain, according to a recent article published by The Economic Times.