Vietnamplus

Through the two waves of the COVID-19 pandemic, confidence in the growth prospects in 2020 of enterprises has gradually diminished.

A circular economy is the future of every nation’s economy, of all production and business activities. It is the key for rapid and sustainable development, participants heard at a recent forum, entitled “Circular Economy: Direction for Sustainable Businesses in Vietnam”.

The top 500 profitable businesses (Profit500) and the 10 most prestigious firms in the food, beverage, retail, and packaging sectors in Vietnam in 2020 were announced at a ceremony in Hanoi on October 22.

USAID helps Vietnam strengthen e-Government capacity

The Vietnam – Russia oil and gas joint venture Vietsovpetro has reported that its oil and gas production during January-September surpassed the set target in the period.

Vietnamese logistics firms, especially small and medium-sized ones, need to get up to speed on digital transformation to enhance their competitiveness if they want to enter global markets after the pandemic ends, experts have said.

More than 6,000 enterprises in HCM City have resumed operations following the containment of the COVID -19 pandemic and more than 30,000 new ones with capital of 696 trillion VND have been set up this year, the city chairman has said.

The northern coastal province of Quang Ninh targets double-digit growth in the gross regional domestic product (GRDP), and State budget collection of a 48 trillion VND (approximately 2 billion USD) in 2020, according to Secretary of the provincial Party Committee Nguyen Xuan Ky.

The northern province of Bac Ninh has set itself a target of 2,500 new enterprises each year in the period from 2020 to 2025, as part of its scheme to support small and medium-sized enterprises (SMEs).

Vietnam's biggest telecom firm Viettel plans to divest capital in three affiliates to over 50 percent of capital this month and next month.

HCM City witnessed a sharp fall in budget collections in the first nine months of this year as a result of COVID-19, which will pose problems in fulfilling the annual target.

Total social investment in the first nine months of this year increased just 4.8 percent year-on-year to 1,445 trillion VND, the lowest pace during the 2016-2020 period, the General Statistics Office (GSO) revealed on September 29.

The confidence in business activities of small- and medium-sized enterprises (SMEs) operating in Singapore for the remaining months of 2020 falls to the lowest level since 2009, as the COVID-19 pandemic has constrained global growth and slowed economic activities around the world.

After a long period of disruption due to COVID-19, the retail market in the central city of Da Nang has begun to recover. Purchasing power in the domestic market remains quite low, however, and many wet markets and shopping centres are deserted still.

Vietnam and a number of member states of the World Trade Organisation (WTO) agreed to establish an informal working group on trade and gender during an online meeting at the level of ambassador and head of delegation in Bern, Switzerland, on September 23.

Vietnam’s growing stature in the region and the world and its impressive containment of COVID-19 have continued to consolidate its status as an attractive destination for Singaporean investors.

Some 126 tonnes of fragrant rice will be exported by the Loc Troi Group JSC in the Mekong Delta province of An Giang to the EU at zero tariffs at the end of September, under the EU-Vietnam Free Trade Agreement (EVFTA).

The Vietnam Oil and Gas Group (PetroVietnam) sustained its production and business activities in the first eight months of 2020 despites many oil and gas firms around the world struggling with the “dual crisis” of COVID-19 and prolonged low oil prices.

The southern province of Kien Giang earned over 544 million USD from exports in the January-September period, up 14.11 percent from the same period last year, despite the COVID-19 pandemic.

An online Vietnam-Singapore investment promotion conference was held on September 17 with the participation of 500 enterprises from over 80 Singaporean business associations and chambers of commerce around the world.