Disbursement of public investment up 34.4 pct in 10 months Business

Disbursement of public investment up 34.4 pct in 10 months

The disbursement of public investment sourced from the State budget reached 354.6 trillion VND (nearly 15.3 billion USD) in the first ten months of this year, an increase of 34.4 percent compared to the same period last year, according to the General Statistics Office (GSO).
Newly-established firms down, registered capital up in 10 months Business

Newly-established firms down, registered capital up in 10 months

Vietnam recorded nearly 111,200 new enterprises from January-October, a year-on-year decline of 2.9 percent, according to the General Statistics Office (GSO). The new entrants, however, have combined registered investment of more than 1,594 trillion VND (68.3 billion USD), up 11.1 percent against the same period last year.
Domestic labour market shows rosy signs in Q4 Society

Domestic labour market shows rosy signs in Q4

Business and production activities are expected to pick up in the last three months of a year, thus helping with the recovery of the labour market from the negative impacts of the COVID-19 pandemic. Therefore, the unemployment rate is likely to drop and labourers’ income is expected to rise in the last quarter of this year, experts said.
Labour market posts signs of recovery in Q3 Business

Labour market posts signs of recovery in Q3

More jobs were created in the third quarter of this year on the back of the country’s economic resurgence, a press conference held by the General Statistics Office (GSO) on October 6 heard.
Nine-month GDP growth lowest in 10 years: GSO Business

Nine-month GDP growth lowest in 10 years: GSO

The gross domestic product (GDP) in the first nine months of 2020 and the third quarter respectively grew 2.12 percent and 2.62 percent from a year earlier, the slowest pace in 10 years. However, this is still a success amid numerous difficulties caused by the COVID-19 pandemic.
Vietnam welcomes just 44,000 foreign arrivals in Q3 Travel

Vietnam welcomes just 44,000 foreign arrivals in Q3

Only 44,000 foreign visitors arrived in Vietnam during the third quarter of this year, equivalent to just 1 percent of the figure in the same period last year, the General Statistics Office (GSO) reported on September 29.
Mining industry unable to enjoy tax incentives Business

Mining industry unable to enjoy tax incentives

The mining industry faced difficulties in the first eight months of this year due to being unable to enjoy tax and land rental incentives, said Nguyen Huu Quang, deputy head of the National Assembly's Committee on Finance and Budget.
Public investment hits five-year high Business

Public investment hits five-year high

Public investment in August and the first eight months of this year increased 45.4 percent and 30.4 present year-on-year, respectively, according to the General Statistics Office (GSO).
Revenue of retail sales and services rises in July Business

Revenue of retail sales and services rises in July

Vietnam’s revenue of retail sales and services in July was estimated at 431.9 trillion VND (18.6 billion USD), up 3.3 percent over the previous month and up 4.3 percent from the same period last year, according to the General Statistics Office (GSO).