Business

A business networking event to promote connection of technology supply and demand between enterprises of Vietnam and the Republic of Korea (RoK) took place in the northern port city of Hai Phong on November 3.

Telecom providers Viettel and Mobifone have received licences from the Ministry of Information and Communications (MIC) to commercially test fifth-generation (5G) broadcast in Hanoi and HCM City.

Cambodia has exported more than 1.4 tonnes of rice paddy to Vietnam over the past 10 months, according to the Cambodian Ministry of Agriculture.

The agriculture sector has aimed for USD40bn in export revenue for 2020 despite various difficulties because of Covid-19 and natural disasters.

The State Bank of Vietnam is drafting a circular regarding cashless payments which might allow domestic commercial banks and domestic intermediary payment companies to co-operate with foreign intermediary payment companies to provide international payment services.

The Ministry of Planning and Investment has announced the second economic simulation package which will be used to spur the recovery of the aviation and tourism sectors.

Vietnam hopes to make economic cooperation truly an important driver for its relations with Japan, the US, and Australia, Head of the Party Central Committee’s Economic Commission Nguyen Van Binh said on October 30.

National flag carrier Vietnam Airlines has just announced to relaunch three more domestic routes to meet the rising travel demand.

Vietravel Airlines has been granted an aviation business licence after proving that they had enough capital.

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.