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Exports down in early days of 2022
Business

Exports down in early days of 2022

Vietnam’s total export turnover reached $27.55 billion in the first half of January, down 20.7 per cent compared to the second half of December. The country posed a trade deficit of $1.64 billion. The total trade value of FDI enterprises was $18.74 billion, down 19.5 per cent.
Business

More support needed for SMEs

In order to support small and medium-sized enterprises (SMEs), in addition to mechanisms to help them access capital and lower interest rates to restore production and business, it is necessary to boost science, technology, and innovation, applying digital technology in their development, the “Strengthening financial solutions and digital transactions to support the business community, creating a driving force for socio-economic development in 2022” forum heard.
Business

Businesses propose opening international borders

The Vietnam Tourism Advisory Board (TAB), the Private Economic Development Research Board, and the Vietnam Business Forum (VBF) have sent a letter to the Prime Minister asking that he consider ending all restrictions on domestic and international travel to Vietnam from May 1. They also recommend applying the visa exemption program to countries that have a lot of investment in Vietnam.
Goods congestion still an issue at northern border gates

Goods congestion still an issue at northern border gates

There remains a backlog of goods, especially fruit and other agricultural products, at northern border gates, particularly in Lang Son province. The congestion will be difficult to resolve any time soon.
Masan Group's The CrownX receives investment

Masan Group's The CrownX receives investment

Though only established in early 2020, the Masan Group’s The CrownX has received investment of $350 million from leading global investors. The Group also aims to conduct an initial public offering (IPO) for The CrownX on an international stock exchange in the 2023-2024 period.
Vietnam Airlines to comprehensively restructure

Vietnam Airlines to comprehensively restructure

Vietnam Airlines expects that comprehensive restructuring in the 2021-2025 period will help it recover and be ready for further breakthroughs. Among seven groups of solutions, the focus is on restructuring capital through issuing shares to increase charter capital, issuing bonds, and selling off excess aircraft.
Kido eyes major expansion

Kido eyes major expansion

Under a strategic cooperation agreement signed on December 12 with the Central Retail Vietnam Group, the Kido Group will open 300-400 Chuk Chuk stores in 39 GO! Malls nationwide, with revenue targeted at VND500 billion ($21.88 million) in 2022, and plans to expand to Thailand and elsewhere in Southeast Asia.
Links between HCMC and Mekong Delta key to development

Links between HCMC and Mekong Delta key to development

Links between Ho Chi Minh City and Mekong Delta provinces are very important for mutual development. Provinces in the Delta consider the city an important “gateway” for exporting goods to the world.
Mekong Delta enterprises in need of assistance

Mekong Delta enterprises in need of assistance

The Mekong Delta has the highest aging rate in all of Vietnam. Its enterprises also exhibit quite low business efficiency. They therefore need support not only financially but especially in sustainable recovery policies post-pandemic.