Budget contribution from real estate down
Property

Budget contribution from real estate down

Hundreds of commercial housing projects that are not on residential land have stalled and are unable to be implemented. A number of other projects have been completed, but financial obligations have not yet been fulfilled. These problems are part of the reason why the real estate sector’s contribution to the State budget remains low, at only about 7-8 per cent of GDP.
Draft Decree coming for Law on Environmental Protection
Vietnam Today

Draft Decree coming for Law on Environmental Protection

The Ministry of Natural Resources and Environment is preparing a draft Decree detailing a number of articles in the Law on Environmental Protection, to identify general policies with a long-term vision in line with the country’s integration and development towards the goal of sustainable environmental protection.

VET Exclusive

Vietnam Today

Draft Decree coming for Law on Environmental Protection

Draft Decree coming for Law on Environmental Protection

The Ministry of Natural Resources and Environment is preparing a draft Decree detailing a number of articles in the Law on Environmental Protection, to identify general policies with a long-term vision in line with the country’s integration and development towards the goal of sustainable environmental protection.

Investment

Quang Binh strengthens cooperation with South Korean businesses

Quang Binh strengthens cooperation with South Korean businesses

Central Quang Binh province has established cooperative relations with a number of South Korean localities and has had a number of South Korean enterprises visiting to inspect conditions and to invest. The province is calling for investment in 62 projects, with priority being given to renewable energy, according to Mr. Hoang Duc Thien, Deputy Director of the Quang Binh Department of Planning and Investment.

Banking & Finance

Hanoi collects $7 bln in taxes in 9M

Hanoi collects $7 bln in taxes in 9M

The Hanoi Tax Department’s contribution to State budget revenue totaled VND159.957 trillion ($7.03 billion) in the first nine months of 2021, a 3.8 per cent increase year-on-year. Tax collections have been down in the city over recent months due to Covid-19.

Business

Enterprises push ahead with resuming production

Enterprises push ahead with resuming production

The government has issued a Resolution stipulating that production activities be maintained during all levels of the pandemic, presenting opportunities for businesses to accelerate production in the closing months of the year. Businesses no longer need to worry about not completing orders or about broken supply chains. In Hanoi and central Da Nang city, nearly 100 per cent of enterprises have stabilized production.
Giant companies also hit by pandemic

Giant companies also hit by pandemic

The challenges faced by businesses in the PROFIT500 Ranking - Top 500 Best Profitable Enterprises in Vietnam in 2021 from the pandemic include a shortage of human resources due to social distancing, managing remote work, supply chain disruptions, falling purchasing power, and rising input prices.

Society

Over 24 mln workers receive support

Over 24 mln workers receive support

Nearly 24 million employees hit by Covid-19 have been given a total of VND21.89 trillion ($961.76 million) out of a support package of VND26 trillion ($1.14 billion). The Unemployment Insurance Fund has also supported more than 540,000 workers affected by Covid-19, with a total amount of VND1.25 trillion ($54.92 million).