Asahi Japan picks up management contract in Ha Long city
Property

Asahi Japan picks up management contract in Ha Long city

The Asahi Japan Investment and Properties Management Services Joint Stock Company has been appointed to provide operations management services for the Green Bay Premium apartments in Ha Long city, northern Quang Ninh province. This marks an important step in the market expansion of the Japanese management company, which received a Vietnam Top Brand award this year.
MoT boosts public investment disbursement
Investment

MoT boosts public investment disbursement

In order to reach at least 96 per cent of the planned disbursement of public investment capital this year, from now until January 31 the Ministry of Transport (MoT) will increase the disbursement schedule by nearly VND10 trillion ($441 million). In the 2021-2025 period, the MoT plans to begin construction of 67 new projects, with priority being given to the early implementation of six key national projects.
11M trade up 22%
Business

11M trade up 22%

According to figures from the General Statistics Office of Vietnam (GSO), total trade turnover in the first eleven months of this year stood at $599.12 billion, up 22.3 percent year-on-year. The trade surplus was $225 million. In order to promote exports, the Ministry of Industry and Trade is focusing on solutions to strengthen and expand export markets and to simplify administrative procedures for imports and exports under the National and ASEAN Single Window.
New enterprises up 50% in November
Business

New enterprises up 50% in November

The number of newly-registered businesses increased 50 per cent month-on-month to 12,000 in November, for a total of 105,616 in the first eleven months of the year, with registered capital of VND150 trillion ($6.6 billion) and 76,500 jobs created. The number of businesses returning to operations during the month rose more than 15 per cent compared to the previous month, to 40,500.

VET Exclusive

Vietnam Today

WTO Director-General praises Vietnam’s economic development

WTO Director-General praises Vietnam’s economic development

At a meeting with State President Nguyen Xuan Phuc on November 28 in Switzerland, WTO Director-General Ngozi Okonjo-Iweal emphasized that Vietnam has made many improvements since 2007, when the country joined the body, in GDP growth and poverty reduction, and in being in the top 20 largest exporting countries in the world. This is a miracle, she said, and Vietnam is an example for many developing countries to follow.

Investment

MoT boosts public investment disbursement

MoT boosts public investment disbursement

In order to reach at least 96 per cent of the planned disbursement of public investment capital this year, from now until January 31 the Ministry of Transport (MoT) will increase the disbursement schedule by nearly VND10 trillion ($441 million). In the 2021-2025 period, the MoT plans to begin construction of 67 new projects, with priority being given to the early implementation of six key national projects.

Banking & Finance

Further cut to environmental tax on jet fuel to help airlines

Further cut to environmental tax on jet fuel to help airlines

The Ministry of Finance has proposed that the reduction on the environmental protection tax for jet fuel be changed from the current 30 per cent to 50 per cent from January 1 to the end of 2022. If approved, the 2022 budget would see revenue fall by more than VND1.5 trillion ($66.11 million). The policy will increase the financial capacity of airlines to overcome the difficulties from Covid-19.

Business

11M trade up 22%

11M trade up 22%

According to figures from the General Statistics Office of Vietnam (GSO), total trade turnover in the first eleven months of this year stood at $599.12 billion, up 22.3 percent year-on-year. The trade surplus was $225 million. In order to promote exports, the Ministry of Industry and Trade is focusing on solutions to strengthen and expand export markets and to simplify administrative procedures for imports and exports under the National and ASEAN Single Window.
Industrial production rising with high growth in key industries

Industrial production rising with high growth in key industries

The industrial production index increased 5.6 per cent year-on year in November and 3.6 per cent in the first eleven months of the year, with a number of key industries rising sharply. Processing and manufacturing again affirmed its leading role in industry by posting the highest growth, of 4.8 per cent.

Society

Workers in Hanoi entitled to unemployment insurance down sharply

Workers in Hanoi entitled to unemployment insurance down sharply

The number of workers entitled to unemployment insurance in Hanoi stood at around 60,000 in the first eleven months of the year, down 20 per cent year-on-year. According to the Hanoi Employment Service Center, the reason for the steep decline is that businesses have policies to retain their employees and ensure production and business continue. The stability of businesses in the informal sector is also improving.