Farmers in the Ca Mau peninsula are delighted as they enjoy a bumper rice crop on shrimp farming land.

Firms are increasingly confident about the year-ahead outlook.

Expectations to transform business households into companies have been unsuccessful as most households did not want to officially become companies. The goal to have 1 million businesses by the end of 2020, thus, was not met.

Many South Korean enterprises have chosen HCMC as a destination to develop their business and will increase their investment in the city in the coming years, said South Korean Ambassador to Vietnam Park Noh Wan.

Vietnam is seeking ways to revive the billion-dollar pepper industry which has been struggling against unfavourable weather conditions and the COVID-19 pandemic for over the last several years.

Trade has become a pillar of the growing bilateral relationship between the two countries.

Tan Hoang Minh withdrew from the Thu Thiem land auction; a life sentence was upheld for Tran Phuong Binh, former CEO of Dong A Bank; and Vinasun’s boss resigned. These were the most outstanding stories last week.

The data announced by the General Statistics Office in late 2021 described Vietnam’s economic picture in a turbulent year surrounded by the pandemic, the fear of disruption of supply chains, and the confidence of the business community.

Economic and industrial parks nationwide drew 539 foreign-invested and 615 domestic projects with a total registered capital of 12.8 billion USD last year despite COVID-19 pandemic, up 15 percent annually.

Commercial banks do not grant credit to four real estate businesses that won the auction of land use rights in the new urban area.

Over the past two years, whilst the Covid-19 pandemic was raging over economies, coffee prices on both the derivatives market and domestic market have taken great strides.

During the last trading sessions of 2021, the stock market was not particularly active. The effect was being felt of unfavorable news on the macro, the most notable of which was the GDP growth of the whole year at only 2.58%.

Vice Chairwoman of HCMC People’s Committee Phan Thi Thang promised to bring goods from the Mekong Delta into wholesale markets and distribution systems in HCMC to support farmers and cooperatives for connection of supply and demand.

The four markets receiving the largest number of Vietnamese workers included South Korea, Japan, Germany and Taiwan (China).

Some foreign financial organisations have issued relatively positive predictions for Vietnam’s economy this year, with growth expected at 6.5 - 6.7 percent.

The required customs procedures related to imports and exports have been simplified but enterprises are far from satisfied.

The Government has issued Resolution 01/NQ-CP on socioeconomic targets for 2022, following which the Government targets a gross domestic product (GDP) growth of 6%-6.5% and GDP per capita at US$3,900.

As of December 31, 2020, Vietnam counted 683,600 operational enterprises, up 35.3 percent from 2016, the 2021 economic census revealed.

State capital divestment planning and the removal of limitations on foreign ownership are expected to drive insurance stocks to flourish in 2022.

AmCham will continue to work on lowering barriers to trade and creating a high-standard, transparent, and stable business environment in Vietnam.