VET Exclusive
Forum on digital enterprise development on horizon
December 11 forum comes as Vietnam’s digital technology sector performing quite well in 2021.
VET Exclusive
Hai Phong’s Xuan Cau Industrial Park and Free Trade Zone licensed
Construction of major development project to begin in early 2022.
Property
Airport among HCMC projects to have land withdrawn
Among the land being withdrawn in 15 projects in Ho Chi Minh City next year is 16 ha for the T3 passenger terminal at Tan Son Nhat International Airport and a number of other transport infrastructure projects.
Vietnam Today
Strengthening quality Vietnamese goods
Deputy Minister of Industry and Trade Do Thang Hai told the “Maintaining the link to ensure the supply chain of Vietnamese goods” conference on December 8 that although the fourth wave of Covid-19 seriously affected production and distribution in Vietnam, the development of domestic goods nonetheless remained strong. According to the Ho Chi Minh City Department of Industry and Trade, Vietnamese enterprises have sufficient capacity to produce quality goods that meet strict requirements in markets such as the US, the EU, and Japan, so can set criteria for manufacturers serving the domestic market.
Business
EVN secures coal supply for 2021 power generation
To ensure coal supplies for electricity generation next year, Electricity of Vietnam (EVN) has negotiated a coal supply contract with the Vietnam National Coal and Mineral Industries Groups (TKV).
Digital Biz
Tech innovation adds to revenue
After five years of implementation, the National Technology Innovation Fund has received over 1,000 technological innovation ideas from businesses. After adopting technological innovation, annual revenue at enterprises has increased by VND4 trillion ($175.448 million).
Business
Power production rises again
Power output reached 20.71 billion kWh in November, up 3.9 per cent year-on-year, and 233.67 billion kWh in the first eleven months, up 3.6 per cent year-on-year.
VET Exclusive
Vietnam Today
Strengthening quality Vietnamese goods
Deputy Minister of Industry and Trade Do Thang Hai told the “Maintaining the link to ensure the supply chain of Vietnamese goods” conference on December 8 that although the fourth wave of Covid-19 seriously affected production and distribution in Vietnam, the development of domestic goods nonetheless remained strong. According to the Ho Chi Minh City Department of Industry and Trade, Vietnamese enterprises have sufficient capacity to produce quality goods that meet strict requirements in markets such as the US, the EU, and Japan, so can set criteria for manufacturers serving the domestic market.
Investment
Hai Phong building 15 new industrial zones
Northern Hai Phong city will build 15 new industrial zones in the 2012-2025 period, on a total area of more than 6,200 ha. The city holds many advantages over other localities, including having the best transport infrastructure in the country.
Banking & Finance
SBV curtails foreign currency purchases
The USD/VND exchange rate has been quite high in recent days, with the State Bank of Vietnam (SBV) and market operators stopping commercial banks from receiving funds to conduct foreign exchange spot transactions. Despite the fact that no more money was injected into the system and that credit accelerated, liquidity in the banking system remained abundant. This is most evident in interest rates remaining flat at the lower end.
Business
EVN secures coal supply for 2021 power generation
To ensure coal supplies for electricity generation next year, Electricity of Vietnam (EVN) has negotiated a coal supply contract with the Vietnam National Coal and Mineral Industries Groups (TKV).
FDI in Vinh Phuc 2.5-fold higher than plan
It is anticipated that northern Vinh Phuc province will attract over $1.1 billion of FDI in 2021 as a whole, or 253.75 per cent of the plan and up 50 per cent compared to 2020. The province will have 429 FDI projects by the end of the year with total registered investment capital of $7.1 billion. It prioritizes promoting investment and building modern and synchronous industrial parks to welcome FDI inflows in the time to come.
Society
Over 12mln workers receive unemployment insurance
As of December 6, more than 12.4 million workers had received support totaling nearly VND30 trillion ($1.31 billion) from the Unemployment Insurance Fund.
