Vietnamplus

Despite the impacts of the COVID-19 pandemic, competition between coffee chains in Vietnam has become increasingly fierce with more giants trying to grab a slice of the lucrative market.

The State Bank of Vietnam (SBV) has flexibly operated monetary policy tools to maintain liquidity for the banking system, contributing to stabilising and recovering credit growth in the context of unpredictable impacts of the COVID-19 pandemic.

Export revenue of the garment and textile sector surged 21.2 percent year on year in the first five months of 2021 to about 15.2 billion USD, according to the Vietnam Textile and Apparel Association (VITAS).

A Vietnamese cuisine festival was hosted by the Association of Vietnamese People in partnership with Foyer Vietnam at La Place Monge in Paris, France on June 19.

HCM City has imposed stricter social distancing measures against COVID-19 by banning gatherings of more than three people and requesting people to maintain a minimum distance of 1.5 metre in public places, according to an urgent directive issued by the municipal People’s Committee on June 19.

Health declaration, contact tracing, and testing apps have been proving the effectiveness of technology in the fight against COVID-19 in Vietnam.

The Politburo has recently announced several key tasks to strengthen COVID-19 prevention and control and socio-economic development, including ordering a trial of vaccine passports so that foreigners can visit destinations in Vietnam that have controlled the pandemic. The tourism community is looking forward to the policy and overcoming the severe consequences experienced so far.

Many provinces have requested the Ministry of Information and Communications to direct corporations to urgently assess the demand, feasibility, and investment efficiency to deploy 5G coverage in their provinces.

The Oil and Gas Group (PetroVietnam) on June 18 welcomed the first flow of gas from Su Tu Trang (White Lion) oil field in phase 2A.

Vietnam needs to pay special attention to promoting development of industrial production and retail as both sectors may continue to be affected by COVID-19 outbreaks, according to the World Bank (WB).

High prices of rice sold in the domestic market and for export in the recent past have fueled risks of origin fraud, influencing the prestige of Vietnamese rice in the global market, insiders have warned.

Thailand’s plan to fully reopen the country within 120 days would support economic growth of 2.3 percent this year as forecast by the Fiscal Policy Office (FPO), said the office's director-general Kulaya Tantitemit.

IT firms are ready to complete e-commerce platforms for farmers, unveiled Minister of Information and Communications Nguyen Manh Hung at a teleconference on digital transformation in agriculture and rural development held on June 18.

Localities nationwide must conduct COVID-19 vaccination as scheduled and must absolutely avoid slow vaccination rollout, requested the standing board of the National Steering Committee for COVID-19 Prevention and Control during its meeting on June 18.

Hanoi’s Department of Agriculture and Rural Development has been supporting farmers, cooperatives, and enterprises to promote the consumption of farming products via modern distribution channels in the context of the COVID-19 pandemic.

Surging international crude oil price on improving demand has helped many oil and gas companies record big profits in the first quarter of this year, after losing in 2020.

The agriculture sector is set to earn 41 billion USD from export in 2021, according to Vu Ba Phu, head of the Vietnam Trade Promotion Agency under the Ministry of Industry and Trade (MoIT).

Prime Minister Pham Minh Chinh recently highlighted technology as a spearhead in the country’s strategy to combat COVID-19.

The ASEAN-Korea International Joint Technology Development Project in 2021 is opened for applications from August 11, announced the Ministry of Trade, Industry and Energy of the Republic of Korea (RoK) on June 17.

The ASEAN Coordinating Committee on Micro, Small, and Medium Enterprises (ACCMSME) recently launched ASEAN Access, a one-stop business information gateway for international-oriented firms to expand their market outreach within the ASEAN and beyond.