Funds going to cyber security
Digital Biz

Funds going to cyber security

Vietnam is currently developing a sufficiently strong cyber security platform able to respond to any challenge. Forty-nine per cent of organizations invest 5 per cent of their capital on information security, while 59 per cent plan to outsource security services.
Flamingo begins building pedestrian mall in Thanh Hoa complex
Property

Flamingo begins building pedestrian mall in Thanh Hoa complex

The Flamingo Group has begun construction of a 2-km-long pedestrian mall in the Flamingo Hai Tien entertainment complex in Hoang Hoa district, north-central Thanh Hoa province. The Flamingo Hai Tien project aims to attract millions of tourists and is expected to completely change Thanh Hoa’s tourism industry.
Support comes from Unemployment Insurance Fund
Society

Support comes from Unemployment Insurance Fund

The government has approved a support package of VND30 trillion ($1.3 billion) from the Unemployment Insurance Fund under Vietnam Social Security for workers and businesses. Employment Service Centers in cities and provinces are trying to quickly resolve unemployment insurance policies.
Stock market remains positive
Banking & Finance

Stock market remains positive

The decline in blue-chips on Vietnam’s stock market continued on the morning of October 25, taking the VN30-Index down to below the reference point. The market remained positive, however, with many groups, especially oil, construction, and insurance, gaining ground, while pillar stocks pushed up the VN-Index.

VET Exclusive

Vietnam Today

Socio-economic recovery and development program under discussion

Socio-economic recovery and development program under discussion

Prime Minister Pham Minh Chinh chaired a meeting on October 24 discussing a draft socio-economic recovery and development program. The program emphasizes requirements such as strengthening national governance capacity, perfecting institutions, boosting administrative reform, promoting decentralization, and flexibly adjusting monetary policy.

Investment

 Sa Pa to have airport

Sa Pa to have airport

Sa Pa Airport in northern Lao Cai province is to be built at a cost of VND7 trillion ($307.64 million) and with a capacity of welcoming 3 million passengers each year. Under a master plan approved by the government, Lao Cai is to become an economic center in the mining industry and the deep processing of all types of minerals.

Banking & Finance

Stock market remains positive

Stock market remains positive

The decline in blue-chips on Vietnam’s stock market continued on the morning of October 25, taking the VN30-Index down to below the reference point. The market remained positive, however, with many groups, especially oil, construction, and insurance, gaining ground, while pillar stocks pushed up the VN-Index.

Business

Wind power likely to disappoint foreign investors

Wind power likely to disappoint foreign investors

Vietnam will see about 4,000 MW of wind power projects not gaining Commercial Operation Date (COD) recognition due to Covid-19, leading to losses of about $6.51 billion in the Feed-In-Tariff (FIT) price and $151 million in annual operating costs. If there are no suitable solutions, Vietnam’s wind power segment will be a disappointment for foreign investors.
Businesses concerned about lingering difficulties

Businesses concerned about lingering difficulties

Though Vietnam’s economy is forecast to grow sharply in 2022 following Covid-19, many businesses remain concerned they will encounter difficulties from labor shortages and supply chain disruptions delaying recovery.

Society

Support comes from Unemployment Insurance Fund

Support comes from Unemployment Insurance Fund

The government has approved a support package of VND30 trillion ($1.3 billion) from the Unemployment Insurance Fund under Vietnam Social Security for workers and businesses. Employment Service Centers in cities and provinces are trying to quickly resolve unemployment insurance policies.