The Yen Phong 1 Industrial Park in northern Bac Ninh province has become the first park in Vietnam to gain access to the 5G telecom network, with the new technology launched onsite by Viettel on January 14.
The authorities of northern Bac Ninh province always create favourable conditions for, and work to promptly remove difficulties facing foreign businesses, including those from the Republic of Korea (RoK), to effectively operate in the locality, Secretary of the provincial Party Committee Dao Hong Lan has said.
Industrial production in the northern province of Ha Nam totalled 110.69 trillion VND (nearly 4.78 billion USD) last year, a 19 percent increase against 2019 and 5 percent higher than the annual plan, despite the impact of the COVID-19 pandemic.
Vietnam’s stock market has posted record highs as the Government’s stimulus measures and good control of the coronavirus outbreak are turbo-charging the country’s economic recovery from the pandemic, according to insiders.
HCM City’s gross regional domestic product (GRDP) hit 1.37 quadrillion VND (59.4 billion USD at current exchange rate) in 2020, a year-on-year increase of 1.39 percent.
Vietnam’s insurance market has experienced growth this year, while many other sectors are suffering a lot of negative impacts from the COVID-19 pandemic, according to the Ministry of Finance.
The General Department of Vietnam Customs has intensified a drive to crack down on the fraudulent practice of giving foreign goods a fake Vietnam origin in an illegal attempt to take advantage of export tax incentives that the country enjoys under free trade agreements.
The Regional Comprehensive Economic Partnership (known as the RCEP), which was signed on November 15, is the largest free trade agreement in the world. While offering substantial opportunities to Vietnamese exporters, it will also make the competitive landscape even fiercer, both at home and abroad.
The Ministry of Information and Communications on December 11 in Hanoi launched ezCloud, a tourism business and management platform to help local enterprises adapt to the digital age in the Fourth Industrial Revolution.
The commitment to market opening and tax incentives in the Regional Comprehensive Economic Partnership (RCEP) agreement will generate huge opportunities for Vietnam to increase its share in the 26 trillion USD market.
Vietnam has carried out digital transformation programmes for enterprises and dialogues between companies and senior leaders of ASEAN countries to turn the bloc into a hub for innovative and sustainable start-up development.
The November index of industrial production (IIP) in Ho Chi Minh City picked up 3.4 percent compared to the previous months, but the index for the January-November period fell 4.4 percent year on year.
About 3.2 billion USD in foreign direct investment (FDI) was poured into Hanoi between January and November, accounting for 12.2 percent of total FDI registered in Vietnam so far this year, according to the municipal Statistics Office.
Domestic businesses should equip themselves with necessary knowledge in order to tap opportunities from the Regional Comprehensive Economic Partnership (RCEP), advised experts.
The Anti-counterfeit Technology Centre (ACT) Vietnam officially launched its branch in Ho Chi Minh City on November 18, aiming to prevent counterfeit products and protect the rights of consumers and enterprises in the southern region.
The Regional Comprehensive Economic Partnership (RCEP) has given Vietnam and other ASEAN countries a perfect opportunity to become a centre of investment attraction, said Minister of Industry and Trade Tran Tuan Anh.
Society
XIII National Congress of Communist Party of Vietnam
