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$3 bln credit package on way for HCMC businesses
Business

$3 bln credit package on way for HCMC businesses

At a conference organized by the Ho Chi Minh City Department of Industry and Trade and the State Bank of Vietnam (SBV), Ho Chi Minh City Branch, Mr. Nguyen Hoang Minh, Branch Deputy Director, said the central bank is planning to launch a program in the fourth quarter connecting banks and businesses with a credit support package of about VND70 trillion ($3 billion), to share the difficulties and challenges the city’s business community is facing.
Business

Trade surplus gets boost from foreign enterprises

Total trade turnover in the second half of September (from September 16 to September 30) reached more than $29 billion. The trade surplus for the period was $1.87 billion, partly due to strong increases in exports by FDI enterprises, which stood at $11.34 billion, up 33.2 per cent compared to the first half of September.
HCMC delays collection of seaport fees

HCMC delays collection of seaport fees

Ho Chi Minh City will delay the collection of seaport fees by six months, to April 1, 2022, instead of October 1, 2021. With two delays also introduced in toll collections, the city has helped businesses save some VND2.2 trillion ($97.19 million).
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.
Sea transport to receive boost

Sea transport to receive boost

The formation of a container shipping route connected to international seaports and the creation of a special mechanism for the development of sea transport would put natural advantages to full use and help sea transport play a more effective role in the logistics chain, Minister of Transport Nguyen Van The told a national online conference on developing logistics for sea transport and coastal transport.
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.
Retail sector must change to develop

Retail sector must change to develop

In the “new normal”, retailers and businesses need to change within to adapt to new consumer habits. Retail sales of consumer goods and services are expected to grow handily over the closing months of the year, contributing to annual growth of 3 to 4 per cent.
F&B on way to recovery

F&B on way to recovery

Vietnam is allowing its food and beverage (F&B) sector to reopen following strict pandemic prevention measures, with the goal of helping this important economic sector recover. In the first eight months of this year, revenue from accommodation and the catering industry was down nearly 20 per cent, at VND245 trillion ($11.19 billion).