Ha Nam devises measures to support FDI firms in COVID-19 fight

Authorities of the northern province of Ha Nam have strived to ease difficulties for foreign businesses operating in the locality in the face of the novel coronavirus disease (COVID-19). ​
Ha Nam devises measures to support FDI firms in COVID-19 fight ảnh 1Illustrative image (Photo: VNA)

HaNam (VNA) - Authorities of the northern province of Ha Nam havestrived to ease difficulties for foreign businesses operating in the locality in the face of the novelcoronavirus disease (COVID-19).

Morethan 200 foreign firms are operating across seven industrial zones of Ha Nam, mostof them from Japan, the Republic of Korea (RoK) and Taiwan (China). 

Sincethe start of the outbreak earlier this year, about half of the firms sufferedeconomic losses of 30 percent compared to the same period last year. Most ofthe firms are facing a shortage of materials andforeign experts from China and the RoK, which are among the countries hardest-hit by theoutbreak.

Inthe period, many foreign direct investment (FDI) projects have been laggingbehind in their implementation and the province reported no new projects.

TheHa Nam People’s Committee has assigned the Management Board of industrial zonesin the province to review and work with the firms to catch up on theiroperations during the outbreak. 

Headof the board Tran Van Kien said it has regularly reported current problems ofbusinesses to the provincial People’s Committee and enhanced communications onefforts of the Vietnamese Government and local authorities in COVID-19prevention and control, in an attempt to ensure stable operation of thefirms. 

Inaddition, customs officials are asked to create optimal conditions for the import of materials, machinesand equipment of local businesses. 

Furthermore,departments and sectors are requested to bolster administrative reforms,especially in the assessment of investment projects to besubmitted to the provincial People’s Committee, in order to speed up theproject implementation./.

VNA

See more

HCM City is now a regional specialised financial centre (Photo: VNA)

Vietnam should be flexible in selecting financial centre models: expert

Tuan also highlighted the importance of human capital, one of the five important factors to successfully build a financial centre, citing the Global Financial Centres Index, which ranks business environment, human capital, infrastructure, market development, and reputation as the key drivers of success.

Minister of Industry and Trade Nguyen Hong Dien (L) and US Secretary of Energy Chris Wright in Washington D.C. on March 13. (Photo: VOV)

Vietnam, US look to strengthen comprehensive energy cooperation

Vietnam’s consistent policy is to foster a balanced, sustainable, stable, and win-win economic relationship with the US, the minister stated. Vietnam does not intend to create any barriers that could negatively impact the US’s workers or its economic and national security, Minister of Industry and Trade Nguyen Hong Dien said.

Deputy Prime Minister Nguyen Chi Dung speaks at the first meeting of the steering committee for the building of a project on the private economic sector's development in Hanoi on March 15. (Photo: VNA)

Private sector's development key to Vietnam’s economic growth

Currently, the private economic sector comprises over 6.1 million business establishments, including approximately 940,000 registered enterprises and over 5.2 million household businesses. The sector contributes around 50% of the country’s GDP, accounts for over 56% of total social investment, employs approximately 82% of the workforce, and generates around 30% of state budget revenue and more than 30% of total import-export turnover.

Prime Minister Pham Minh Chinh receives Wouter Van Wersch, Executive Vice President of Airbus International. (Photo: VNA)

PM suggests Airbus help Vietnam in developing aviation ecosystem

During a meeting on March 14 with Wouter Van Wersch, Executive Vice President International of Airbus, Prime Minister Pham Minh Chinh praised the aerospace giant’s cooperation with Vietnamese partners, emphasising its role in boosting domestic and international connectivity and driving Vietnam’s socio-economic growth.

The Vietnam Consumer Rights Day 2025 is under the theme "Transparent Information – Responsible Consumption". (Photo: VNA)

Hanoi launches campaign for Consumer Rights Day

The event, organised by the city's Department of Industry and Trade, aimed to promote consumer protection as a long-term, essential task for all levels of government, businesses and society.