At a meeting with Russian Foreign Minister Sergei Lavrov within the framework of his official visit to Russia, Minister of Foreign Affairs Bui Thanh Son suggested that the country give priority to providing vaccines and transferring production technology to Vietnam.

Upon completing all legal procedures, leading Japanese energy group Chubu will secure a 20 per cent holding in Bitexco Power, the leading private energy development company in Vietnam.

A draft Circular on bank guarantees will not prohibit banks from implementing guarantees for houses to be formed in the future during the period of special control. The draft also specifies regulations on foreign exchange management in guarantees.

While investors may remain anxious, many businesses in Vietnam posted a profit in the third quarter of the year despite business and production slowing down due to Covid-19.

According to the Vietnam Chamber of Commerce and Industry (VCCI), it is necessary to improve the business environment and strongly reform administrative procedures to support businesses in the long term.

According to Mr. Terence D. Jones, UNDP Resident Representative, to achieve the dual goals of supporting disadvantaged households and promoting economic growth, Vietnam’s cash assistance program must be implemented as quickly as possible.