Vietnam needs new requirements for foreign investors

Vietnam needs to be more selective when receiving foreign direct investment  (FDI), and should set requirements, just as foreign investors do in exchange for being able to invest in Vietnam, experts say.

 

HCM City to impose social distancing from May 31

Social distancing will be imposed in Ho Chi Minh City under the Prime Minister's Directive 15/2020.

COVID-19: Vietnam records 142 more local cases, 49 cases in HCM City

The Ministry of Health (MoH) announced an additional 142 locally transmitted coronavirus cases in five localities on May 30 afternoon, including 49 cases in Ho Chi Minh City.

VIETNAM NEWS HEADLINES MAY 30

257 Vietnamese students test positive for SARS-CoV-2

Vietnam’s largest city to impose social distancing as COVID-19 cases skyrocket

Ho Chi Minh City, the largest city in Vietnam, will take stronger measures to control the COVID-19 outbreak as soon as a social distancing order is due to come into effect as of 00.00hrs on May 31.

VIETNAM BUSINESS NEWS MAY 30

European enterprises urge Covid-19 vaccination drive in Vietnam

Customs sector helps exporters utilise benefits of FTAs

The customs sector will continue to introduce measures to help Vietnamese enterprises fully tap the benefits brought about by FTAs Vietnam has signed with foreign partners, an official from the General Department of Vietnam Customs has said.

Prime Minister visits epidemic center to encourage frontline forces

Prime Minister Pham Minh Chinh on May 29 went to Bac Giang province, the country’s largest Covid-19 hotspot, to encourage the frontline forces in epidemic fighting. 

CPI inches up 0.16 percent in May

Vietnam’s consumer price index (CPI) in May was up 0.16 percent agaisnt April and 2.9 percent from last year, reported the General Statistics Office (GSO) on May 29.

70% of VN adults use banking services but many lack access to credit

According to the State Bank of Vietnam, by 2020, 70% of adults in Vietnam had a bank account, but nearly half of them did not have access to credit. 

Major transport infrastructure works to be started in June

Four major transport projects will be kicked off in June, announced the Ministry of Transport at a conference on May 28.

Lending interest rates about to increase

Recently, the interbank interest rates suddenly jumped, causing many people to worry whether bank lending rates will increase in the coming time while the business and production activities have been facing many difficulties due to Covid-19.

HCMC to try reigniting delayed BT projects

Financial shortcomings of investors combined with the government’s failure to offer support are some of the reasons multiple BT infrastructure projects in HCMC are being delayed indefinitely, experts said. 

Firms should facilitate Gen Z to develop

Enterprises should consider applying new thoughts or amend regulations to meet the demand of Gen Z, including those born in 1996-2010, and create favorable conditions for them to develop as they will be an important part of the country’s workforce.

Vietnam credit growth forecast to hit 14% in 2021: Fitch Solutions

A GDP growth of 5.8% in 2021, nearly double the 2.9% growth last year, would boost credit demand.

New strain of coronavirus detected in Vietnam

Provincial authorities are required to have more active, appropriate and effective measures to control and repel the disease.

 

Vietnam youth submits climate action for COP26

Vietnamese young representatives address bottlenecks that are incorporated into a roadmap for COP26.

VN corporate giant in worrying situation

Vietnam’s top dairy company – Vietnam Dairy Products Joint Stock Company (Vinamilk) - has witnessed a strange financial movement, contrary to the strong uptrend of the stock market.

Vietnam reports 52 more domestic COVID-19 infection cases

Vietnam recorded an additional 52 new domestically-transmitted COVID-19 cases in the past 12 hours to 6am on May 30, according to the Ministry of Health (MoH).

VN Electricity Group, Hanoi spend the least from state budget in 2020

As many as 117 State agencies, including 34 ministries, 63 provinces and cities, and 20 state-owned corporations saved more than VND84,635 billion, including VND50,628 billion for the state budget last year.

State-financed agencies must give priority to Vietnamese goods

The Secretariat of the Central Committee of the Communist Party of Vietnam has promulgated Directive 03, which has requested agencies financed by the State budget to priotize the use of Vietnamese goods.

How can Bac Giang IZs battle the latest Covid-19 outbreak?

Soon after the first infection cases in the province were discovered, Bac Giang province immediately decided to test all the workers in IZs, trace and isolate high-risk cases, and implement medical quarantine and social distancing in at-risk areas.

Vietnamese football players prepare for World Cup qualifier

Despite being at the top of Group G, Vietnam will be in a dangerous situation if it only gets second place after the end of the second qualifying round of the 2020 World Cup, because of the withdrawal of the North Korean team.

 

Vietnam stops importing pigs from Thailand

The Ministry of Agriculture and Rural Development has sent a document to the Thai Embassy on the suspension of imported live pigs from Thailand into Vietnam.

Top stopper Ho Van Y brings Vietnam to World Cup

Goalkeeper Ho Van Y has made national headlines for his outstanding performance after Vietnam earned a slot at the 2021 Futsal World Cup finals.