Business

Over 7,100 firms have resumed operation in HCM City after temporarily closing due to Covid-19.

There were 111,200 newly-established firms in the first ten months of 2020, according to the General Statistics Office (GSO).

Vietnam’s electricity output is forecast to rise to 950 billion kWh by 2045 to meet the growing demand for economic expansion.

Vietnam has attracted 23.48 billion USD worth of FDI in the first 10 months of this year, equal to 80.6 percent of the figure in the same period last year, the Ministry of Planning and Investment has reported.

Vietnam’s consumer price index in October grew at the lowest rate in five years, according to the General Statistics Office.

Financial website wealthbriefingasia.com published an article on October 28 outlining the views of several UK-based asset management figures regarding future investment prospects in Vietnam.

A conference gathering together overseas Vietnamese entrepreneurs was held in Ho Chi Minh City on October 27, with a view to tapping into this resource to contribute to the southern economic hub’s development.

The ministries of Industry and Trade and Finance cut petrol prices and raised the prices of oil products from October 27.

Prime Minister Nguyen Xuan Phuc said Viet Nam’s currency interest rate policy is not designed to gain export advantages or to support domestic production.

Many hotels in HCM City are racing to launch attractive discounts to attract customers after Covid-19.

Vietravel Airlines will launch its first flight in mid-December 2020 as opposed to the previous schedule of starting flights during the first half of 2021, according to Nguyen Quoc Ky, CEO of Vietravel, one of Vietnam’s leading tour operators.

A recent survey by Savills found that gap of property prices are narrowing between urban and surrounding areas as more facilities are offered to compensate for outer locations.

HCM City is enacting numerous solutions to facilitate FDI into the city by focusing on infrastructure and administrative procedures, as the fund poured into it has been dwindling this year.

Vietnam's impressive successes and growing position in the world are helping the country become an destination for Japanese and Korean investors.

The Blue Sky Air airline will have their license revoked for failing to operate over the past 10 years.

Sixteen enterprises from the Republic of Korea (ROK) discussed investment opportunities in Khanh Hoa during an investment promotion conference held by the central province’s authorities on October 23.

The State Bank of Vietnam has asked local banks to reduce lending rates for customers in the central region to help them settle down their lives after the floods.

Ho Chi Minh City has begun to implement a number of measures to gradually revive business activities in the post-social distancing necessitated by the COVID-19 pandemic.

The central region’s flooding has resulted in a sharp rise in demand for life-jackets.