Vietnam needs to develop a strategy to promote the development of the private sector over the next decade to maintain growth, speakers said at a conference on socio-economic development from 2021 to 2030 recently held in HCM City.
Japan and Myanmar on November 8 signed low-interest loans worth a total of 42.78 billion JPY (414 million USD) to help the Southeast Asian country build road infrastructure and finance small- and medium-sized enterprises (SMEs).
The Thai Bankers Association on November 2 said that major Thai commercial banks have pledged to provide financial support to small- and medium-sized enterprises (SMEs) amid a fragile economy rocked by the COVID-19 pandemic.
US journal Borgen Magazine has run a story entitled “COVID-19 in Vietnam Declines: A Success Story” by Maggie Sun, highlighting Vietnam’s success in maintaining its safety and economic growth amidst the devastating impacts of the pandemic around the world.
The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank, HOSE: HDB) reported pre-tax profits of 3.61 trillion VND (155.5 million USD) for the first nine months of 2020, a year-on-year increase of 31.9 percent and equivalent to 107 percent of the target.
The development of the Vietnamese “eagles” is a key task in winning the market share amid new-generation free trade agreements, heard a forum held by the Ministry of Industry and Trade (MoIT) in Hanoi on October 29.
The reign of COVID-19 in Vietnam has been watery and short-lived, in contrast to other countries like Italy or the United States thanks to an unique approach to testing, US-based Borgen Magazine said in a recent article.
The Sai Gon Hi-tech Park and industrial parks and economic zones in the southern provinces of Long An, Binh Duong, Dong Nai and Ba Ria-Vung Tau will work together to develop supporting industries under an agreement clinched on October 28.
A new report from the Asian Development Bank (ADB) shows that strengthening the dynamics of micro, small, and medium-sized enterprises (MSMEs) with innovation and internationalization will be key to revitalizing Southeast Asian economies devastated by the coronavirus disease (COVID-19) pandemic.
The COVID-19 pandemic has been a test for Vietnamese businesses as many have been and will be struggling to recover for the foreseeable future. Those who emerge from the crisis will have proven their mettle by overcoming an unprecedented and difficult time, said business leaders.
Hanoi has issued an implementation plan for a project to develop key industrial products in the 2021-2025 period, with an estimated cost of 200 billion VND (8.63 million USD).
The Government's 30 percent corporate income tax cut was a step in the right direction but it could have been more inclusive by offering support to small businesses that were in desperate need of cash due to the difficulties caused by the COVID-19 pandemic, said business leaders and industry experts.
The EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA) will generate many opportunities for firms in Ca Mau, especially those operating in the areas of the Mekong Delta province’s strength like agro-forestry-fishery, heard a conference held in the locality on October 8.
Promoting exports to Singapore, which has open trade mechanisms and high-quality services, is viewed as a shortcut for Vietnamese small and medium-sized enterprises (SMEs) to send their products out to the world, according to industry insiders.
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.
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