As a key driving force for both the southern region and Vietnam, HCMC is also a pioneer in piloting and carrying out innovative, breakthrough policies.

The move is part of a national strategy to promote non-cash payment in Vietnam in the 2021-2025 period.

Hanoi has shown strong will in addressing concerns of foreign businesses and ensuring an ideal investment environment for them to commit to long-term operation.

The current challenges are unprecedented and Vietnamese people need to share the same mindset to overcome them, according to Nguyen Dinh Cung, an economist.

The prices of goods and services have begun escalating following a shocking hike in petrol price, reaching a 7-year high, announced by petroleum distributors on October 25.

To force petrol prices down, the Government needs to cut the environmental protection tax rate, which is at the ceiling level.

Economic experts say that for over 30 years of development, Vietnam has not yet built a strong team of private enterprises which play the role of a "launch pad" for the country's economic development.

Many Vietnamese businessmen have refused to sell their businesses to foreign partners.

Deputy Prime Minister Le Van Thanh has recently signed Decision No.1664/QD-TTg approving a project on marine aquaculture development till 2030 with a vision to 2045.

If all barriers are removed, Vietnam’s GDP (gross domestic product) in 2021 may reach 2-2.5% in accordance with the optimistic projection.

The sharp increase in gas prices recently will surely affect the speed of economic recovery and increase prices of goods.

It has become common for many Vietnamese entrepreneurs to give senior management positions in their businesses to their children, gradually creating a business continuity tradition in private corporations in Vietnam.

The target of having 1.3-1.5 million enterprises by 2025 may be difficult to achieve as many obstacles and the Covid-19 pandemic have affected business seriously. A strong recovery and reform program is needed to encourage Vietnamese businesses.

In the midst of a stressful time of the epidemic, the Ministry of Planning and Investment is developing a program to recover the economy after the pandemic.

The goods supply chain that connects HCM City and provinces in the southern key economic zone plays an important role in the economic development and social stability of the entire region. But it has been disrupted because of Covid-19.

This week, the second session of the 15th National Assembly (NA) will take place, with one of the biggest focuses laid on saving enterprises and spurring on economic growth.

Vietnam’s economy has recently received many optimistic signals from the business community, which are fuelling expectations of a stable and rapid recovery after a long disruption due to the COVID-19 pandemic.

Commenting on the negative growth rate in Q3, Tran Dinh Thien noted that this reflects the real situation of the economy but there is a foundation for a strong recovery in the future.

The capital the State has invested in 807 enterprises totals VND1.7 quadrillion. Pre-tax profit is VND162 trillion, and losses are up to tens of trillions of dong.

Policymakers and economists are looking for resources to speed up the Vietnamese economic train that has stalled for the past three months.