After developing multi-billion dong projects, provinces incur billions of debt

After developing multi-billion dong projects, provinces incur billions of debt

BUSINESSicon30/07/2021
In the 2019 audit report on state budget finalization, the State Audit noted that outstanding debts in capital construction in localities are still high.
Task force to bump up project efficiency

Task force to bump up project efficiency

BUSINESSicon30/07/2021
The government’s establishment of a task force to resolve challenges revolving around the disbursement of registered capital for large-scale foreign-invested projects is expected to help problematic ventures push forward in implementation.
Vietnam’s exports up 25.5 pct in seven months

Vietnam’s exports up 25.5 pct in seven months

BUSINESSicon30/07/2021
Vietnam’s export earning hit 27 billion USD in July, down 0.8 percent month-on-month and up 8.4 percent year-on-year, reported the General Statistics Office (GSO) on July 29.
Vietnam’s overseas investment soars 125 percent in seven months

Vietnam’s overseas investment soars 125 percent in seven months

BUSINESSicon30/07/2021
Vietnamese investments overseas soared 125.4 percent year-on-year to 570 million USD in the first seven months of 2021, the General Statistics Office (GSO) announced on July 29.
Tech giants praying to avoid financial hit

Tech giants praying to avoid financial hit

BUSINESSicon29/07/2021
Vietnam’s electronics industry has been affected by the pandemic, a trend that could increase global chip shortages and lower electronics output.
VIETNAM BUSINESS NEWS JULY 29

VIETNAM BUSINESS NEWS JULY 29

BUSINESSicon29/07/2021
Hai Duong to postpone receiving foreign employees and experts from August 1
New Zealand Fruit Week launches at Vinmart retail chain

New Zealand Fruit Week launches at Vinmart retail chain

BUSINESSicon30/07/2021
To provide Vietnamese consumers access to high quality fresh fruits, top produce suppliers from New Zealand have collaborated with Vinmart to launch the second edition of New Zealand Fruit Week.
HCM City sets up advisory group for epidemic prevention/control and economic recovery

HCM City sets up advisory group for epidemic prevention/control and economic recovery

BUSINESSicon29/07/2021
Chairman of Ho Chi Minh City People's Committee Nguyen Thanh Phong has signed a decision to establish an advisory group on policies on epidemic prevention and control as well as economic recovery.
Buses sell vegetables around HCM City

Buses sell vegetables around HCM City

BUSINESSicon29/07/2021
Unable to transport passengers due to the COVID-19 pandemic, some bus operators in HCM City have now begun to use their vehicles for selling vegetables and other essential goods.
Produce stuck on farms as COVID-19 restrictions interrupt supply chains

Produce stuck on farms as COVID-19 restrictions interrupt supply chains

BUSINESSicon29/07/2021
Farmers are unable to sell their produce while consumers are struggling to buy food in the southern provinces, in a frustrating paradox created by COVID-19 travel restrictions and the closures of both wholesale and retail markets as a result.
Supply chain crisis ahead for top brands

Supply chain crisis ahead for top brands

BUSINESSicon29/07/2021
The ongoing disruption in Ho Chi Minh City and southern provinces poses a threat to the global supply chain of multinational corporations, which source goods from Vietnamese-based suppliers.
Paradox: Thousands of containers idle at seaports amid severe shortage for delivery

Paradox: Thousands of containers idle at seaports amid severe shortage for delivery

BUSINESSicon29/07/2021
While the world is in a crisis over the lack of empty containers to deliver goods, leading to skyrocketing shipping fees, thousands of containers are idling away at Vietnamese seaports.
VIETNAM BUSINESS NEWS JULY 28

VIETNAM BUSINESS NEWS JULY 28

BUSINESSicon28/07/2021
MoF suggests reducing trading board lot size from 100 to 10 on HSX
Vietnam Airlines incurs huge overdue debt of VND13.3 trillion

Vietnam Airlines incurs huge overdue debt of VND13.3 trillion

BUSINESSicon28/07/2021
The total overdue debt incurred by Vietnam Airlines (VNA) has reached VND11.338 trillion. The airline still cannot pay for aircraft leasing, fuel, engine repair and flight services to its foreign partners.
Longan distribution gets stuck, farmers suffer

Longan distribution gets stuck, farmers suffer

BUSINESSicon28/07/2021
Gardeners, farms and cooperatives need to sell 700 tons of longan a day, but collectors and distributors cannot access the growing areas because of Covid-19 restrictions.