vietnam economy

Update news vietnam economy

Business stories May 31–June 6

People who are worth VND500 trillion are listed among the top 30 richest persons in the US and the top 17 in China, according to Forbes. In Vietnam, such a person would be at the top.

Vietnam faces shortage of cold storage warehouses

The growing tendency of consumers shopping online globally has led to a sharp demand for cold storage warehouses, but investment in cold storage facilities remains modest.

Expanding action to weed out pandemic

The prime minister has ordered a series of sturdy actions to fight against COVID-19 and spur on local production, as people look to the government for protection with the spectre of the pandemic looming yet again.

Businesses need more effective support amid COVID-19

Like many countries, Vietnam may have to depend on vaccines to achieve herd immunity and be virus-free, but enterprises may not be able to wait. They are in dire need of help and are craving new momentum to return to a “real normal” situation.

VIETNAM BUSINESS NEWS JUNE 8

Vingroup to produce Covid-19 vaccine

 

VIETNAM BUSINESS NEWS JUNE 7

Despite COVID-19, industrial production index up

New policies needed to boost Vietnamese private sector

While foreign-invested enterprises (FIEs) have been growing and prospering, Vietnamese enterprises have been developing inadequately because they lack favorable conditions to thrive.

Ben Tre’s new revolution: awakening it's multi-billion dollar treasure

Ben Tre is the homeland of coconuts. It also has shrimp production and the largest seedling gardens in the country. With such treasures, the province could develop these into multi-billion dollar products.

Supermarkets report dramatic increase in online orders these days

Some supermarkets and fast food stores in districts 12, Tan Binh, Hoc Mon yesterday announced a dramatic increase in online orders, up by 3-5 times compared to prior days.

VIETNAM BUSINESS NEWS JUNE 5

Demand for deposits soar as cashless payments become more popular

Directive 03 encourages use of Vietnamese-made products by Party members, agencies

Vietnam-made goods’ quality and price nowadays are much better than the past. Some products have become so famous that they have been counterfeited by foreign manufacturers.

Deposit interest rates rising despite pandemic

After many months of staying at low levels, deposit interest rates at banks have increased since late May.

Public investment: thousands of projects cut, but total capital up by quadrillion VND

The total public investment capital has increased sharply in the 2021-2025 period compared with 2016-2020, but the number of projects has fallen significantly.

VIETNAM BUSINESS NEWS JUNE 4

Vietnam striving to enhance transparency in wood sector

CPI growth in Jan-May lowest in five years

The country’s consumer price index (CPI) in the first five months of the year grew 1.29% year-on-year, the lowest for the period since 2016, according to the General Statistics Office.

VIETNAM BUSINESS NEWS JUNE 3

 Stock market hits historic peaks

Nearly 60,000 businesses withdraw from market

The number of newly established enterprises is still increasing, but the rate of businesses withdrawing from the market has also risen.

VIETNAM BUSINESS NEWS JUNE 2

Vietnam’s economy to grow 6.7 pct. in 2021: Standard Chartered

Businesses seek sources to buy vaccines for their workers

The electronics, textile and garment, footwear, wooden furniture and dairy sectors have proposed that the Government allow them to seek vaccine sources and pay for vaccinations at their enterprises so they can maintain production.

VIETNAM BUSINESS NEWS JUNE 1

Shares gain on buoyant banking stocks