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Steel exports hit $10bln
Business

Steel exports hit $10bln

According to the General Statistics Office of Vietnam, with rapid growth of 129.8 per cent, steel has entered the group of products with annual export value exceeding $10 billion. With potential for continued strong growth in exports and with rising domestic consumption in the closing months of the year, steel stocks are now considered an attractive investment.
Business

Finding staff problematic

Recruitment demand among enterprises is forecast to increase as they speed up production and operations towards the end of the year. Many businesses are offering competitive salaries but recruiting staff is difficult at the moment.
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.
Bac Ninh aims to become a modern, high-tech industrial city

Bac Ninh aims to become a modern, high-tech industrial city

Despite being the smallest locality in the country in terms of area, northern Bac Ninh province ranked first last year in terms of industrial production value, second in goods export turnover, and eighth in gross regional domestic product (GRDP). It has also become a magnet for new generation FDI flows. These development steps create the foundation for it to change into a modern industrial city in the future.
State budget in surplus this year

State budget in surplus this year

According to the General Statistics Office of Vietnam, the recovery of production, business, and import and export activities in the “new normal” had a positive impact on State budget revenue in the first half of November, which rose 73.3 per cent month-on-month. The State budget this year, as of November 15, was in surplus by more than VND100 trillion ($4.4 billion).
New enterprises up 50% in November

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.
Forum looks at ways out of pandemic

Forum looks at ways out of pandemic

At the “Business 2022: Identifying the market and adapting methods” forum held over the weekend, many forecast that the pandemic would linger into next year and people and businesses would continue to face challenges. It is therefore necessary to have parallel solutions to both control the pandemic and identify the necessary economic measures.
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.
Passenger transport companies facing losses

Passenger transport companies facing losses

Inter-provincial passenger transport routes have been reopened for more than a month but businesses are still having a hard time of it. Many inter-provincial bus companies were forced to stop operating after a few days, and others are at risk of bankruptcy.

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