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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.
Semiconductor market in position to grow

Semiconductor market in position to grow

The compound annual growth rate of Vietnam’s semiconductor market is to come in at about 6.52 per cent in the 2021-2025 period. Rising consumer demand has driven the growth of the country’s semiconductor factories in recent years, attracting FDI capital.
Postal revenue hit by pandemic

Postal revenue hit by pandemic

Postal revenue in the third quarter of 2021 reached VND5 trillion ($220.79 million), down 50 per cent compared to the second quarter. In the first nine months of the year, revenue stood at VND25 trillion ($1.1 billion), down 3 per cent compared to the same period last year.
9M budget revenue at $48 bln

9M budget revenue at $48 bln

Total State budget revenue this year as of September stood at nearly VND1.085 quadrillion ($48 billion). The budget balance remained in surplus, at VND54.2 trillion ($2.4 billion), but this may not be as good as it sounds, as it was due to lower spending than revenue earned and slow spending due to time-consuming procedures.
Sugar businesses grappling with problems

Sugar businesses grappling with problems

Of the 41 refineries in Vietnam’s sugar industry, only 24 are currently operating, with the remaining 17 having ceased production or gone bankrupt. Members of the Vietnam Sugarcane and Sugar Association (VSSA) have agreed to focus on implementing key tasks in the next crop year and subsequent years.
Pandemic opens doors for female-owned businesses

Pandemic opens doors for female-owned businesses

While Covid-19 has affected 87 per cent of female-owned businesses, this is also a time when women can expand production and business opportunities to contribute to economic recovery, Ms. Do Thi Thu Thao, Vice President of the Vietnam Women's Union, told the “Digital Transformation - Opportunities and challenges for women in entrepreneurship and business” forum.
Over 100,000 smuggling and commercial fraud cases handled

Over 100,000 smuggling and commercial fraud cases handled

More than 100,000 cases of smuggling and commercial fraud were handled in the first nine months of this year, with over VND7.5 trillion ($331 million) submitted to the State budget as a result, a meeting of the National Steering Committee for Anti-smuggling, Counterfeit Goods and Trade Fraud (National Steering Committee 389) held on October 14 heard.