Business

Six Vietnamese firms are among exhibitors at a virtual international agricultural expo in Algeria held by Andalus Trade, Show, Exhibits and Events (Andalus Tsee) from January 1 – 31.

Vietnamese banks will only be allowed to issue chip cards from March 31, 2021, according to a State Bank of Vietnam (SBV) draft circular.

The year 2020 marked a rough year for the global finance and equity markets as the COVID-19 pandemic scaled down the global economy and discouraged investors to execute their M&A deals as planned.

Pig prices in Vietnam have increased again these days because of the lower supply from the Thai big import.

The highest bonus for the lunar New Year in HCM City or Tet holiday is expected to be more than VND1 billion (USD43,478), meanwhile the figure for the New Year is VND990 million (USD42,251).

Experts have been optimistic about Vietnam’s economic growth in 2021 based on the latest situation, as well as the sound decisions and policies adopted by the Party and Government.

Vietnam and the UK concluded necessary procedures for the temporary application of the bilateral free trade agreement from 6am of January 1, 2021 (Vietnam time) following the signing of the deal on December 29, 2020.

Ho Chi Minh City Department of Tourism on January 1 held a ceremony to welcome the first tourists to the city in 2021.

The number of guest workers from Binh Dinh Province sent to other countries dropped to 435 people, only reaching 54.4% of the set goal for 2020.

The Import and Export Sub-Department, has received complaints from businesses and business groups about a shortage of containers that has led to an unprecedented increase in shipping tariffs, Trần Thanh Hải, its deputy director, said.

Vietnam is set to be home to 26 airports by 2030, 14 of which will be international, according to a draft master plan on the development of the national airport network to 2030 and vision to 2050 from the

Investors from Japan have pledged to provide approximately US$1.8 billion in capital to finance a coal-fired thermal power plant in Vung Ang of Ha Tinh province, according to business publication Bloomberg.

About US$3.72 billion in foreign direct investment (FDI) poured into Hanoi in 2020, according to the municipal Statistics Office.

Representatives from Vietnam and the United Kingdom signed a free trade agreement between the two countries in London on December 29 evening (Vietnam time).

Vietnam’s economy is expected to move to the 19th position in the rankings of the World Economic League Table in 2035, according to the Centre for Economics and Business Research.

National flag carrier Vietnam Airlines has endured a pre-tax loss of more than VND12 trillion for this year, although there remains optimistic signs ahead in comparison to previous predictions due to the devastating impact of the novel coronavirus (COVID-19) pandemic.

Reductions in business conditions and related administrative procedures have helped save about 18 million workdays each year, Minister and Chairman of the Government Office Mai Tien Dung said.

Prime Minister Nguyen Xuan Phuc has signed a decision on establishment of the Vietnam Exchange on the basis of rearrangement of the Hanoi Stock Exchange and Ho Chi Minh Stock Exchange.

Vietnam has attracted US$28.5 billion in foreign direct investment this year, down 25% compared to the previous year, according to the General Statistics Office.