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Update news vietnam economy
The chair of Viet Capital Securities has received zero dong, and the CEO has refused a bonus worth an apartment, buy they still earn money through shares they hold.
Ho Chi Minh City eyes $108 billion in exports by 2030
“Many people call Resolution 120 the ‘golden resolution’. For me, the resolution removes the obstacles that strangled farmers, helping them have a better life,” said Prof Vo Tong Xuan, a respected agriculture expert in Vietnam.
After a long period of sinking to the bottom and causing big losses for farmers, the price of pepper, often called "black gold", has skyrocketed.
In Huong Hoa, called the "wind-power metropolis" of Vietnam, one sao (1 sao = 360 square meters) of hilly land is priced at VND4 billion.
Investors pourin money into real estate seeking profits from land price increases have not attached much importance to the surplus value from production and business, which seriously affects the economy, experts say.
Vietnam - emerging market that shone in a difficult year: MoneyWeek
HCM City actively supports development of key industrial products
HCM City set to become high-quality agriculture hub by 2030
Poor sales, supply chain disruptions, revenue decreases and personnel cuts have all occurred to enterprises amid the Covid-19 pandemic.
To become a developed country by 2045, Vietnam needs to obtain a GDP per capita of $20,000 per annum. As such, it needs to reach a GDP growth rate of 7.5-8 percent per annum in the next 25 years.
Despite the turbulence of 2020, many Vietnamese companies across sectors from real estate, oil and gas, materials to retail on the stock market still posted billions of dollars in revenue.
Many commercial banks now pay trillions of dong worth of dividends to shareholders and have completed restructuring after a decade of difficulties. As a result, their share prices are expected to rise.
HCM City: Real estate most attractive to foreign investors in first two months
Vietnam poised to become major global shrimp producer
Instead of staying idle and waiting for the pandemic to be contained, many businesses in Vietnam are making investments, training workers and laying down the foundation to make a breakthrough when the Covid-19 pandemic is over.