Business

Vietnam is among the top expansion destinations for ASEAN companies looking for growth opportunities in the 10-nation bloc, according to a survey commissioned by Standard Chartered for its “Borderless Business: Intra-ASEAN Corridor” report released on July 8.

Germany’s crane supplier Kocks Ardelt Kranbau on July 8 signed a contract for the supply of container cranes with Dinh Vu Petroleum Service Port JSC of Vietnam.

HCM City received overseas remittances of around USD3.2 billion in the first six months of this year, representing an on-year rise of 22.34%.

Vietnam’s economy would grow from 6-6.5 percent in the next decade, DBS Bank experts said.

Over 2.3 million people in Vietnam have become unemployed in the fourth Covid-19 wave in Vietnam, the General Statistics Office of Vietnam announced in the labour and employment survey in the first half of 2021.

The Ministry of Transport has approved the temporary suspension of flights between Ho Chi Minh City and Phu Quoc island city in Kien Giang province.

National flag carrier Vietnam Airlines on July 7 signed a credit deal – worth total of 4 trillion VND (173.7 million USD) – with three commercial banks, which are expected to weather the financial impact of the COVID-19 pandemic.

The Ministry of Trade and Industry (MoIT) has said it is cooperating with the Ministry of Finance to consider the provision of tax incentives to encourage the development and use of electric vehicles in Vietnam.

The Asian Development Bank (ADB) has approved a USD4.6 million technical assistance to help the Government of Vietnam to strengthen public–private partnerships (PPPs), private sector development, and state-owned enterprise (SOE) reform.

Experts are positive that foreign trade activities in Vietnam will see good growth in the second half of 2021.

The opening half of 2021 witnessed Vietnamese import-export turnover reach US$316.73 billion, marking an increase of 32.2% compared to the same period from last year, according to the Ministry of Industry and Trade.

Firms and workers in Dong Nai said they would not be able to afford Covid tests twice a week to go to work.

The northern province of Quang Ninh is calling on investments for a liquefied natural gas-fired power plant with a total investment of USD1.99 billion.

The south central province of Ninh Thuan is speeding up research into and creation of new grape varieties, especially for making wine, with high yields and quality.

The General Statistics Office is inspecting the effects of the Covid-19 pandemic on the operation of some five million small-scale enterprises nationwide in order to draft suitable support policies.

Small and affordable apartments in Vietnam are disappearing while the supply of luxury apartments has exceeded demand.

E-commerce platforms must be electronically connected with tax management agencies from the beginning of next year, not from next month, as the tax watchdog aims to better collect taxes from sellers operating on the platforms.

The northern province of Quang Ninh has launched a group to support investors during their operation in the locality.

The Asian Development Bank (ADB) issued a green loan worth $116 million to three wind farms, making its first loan for wind power projects in Vietnam.