Homepage

Business

$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.
Online business, securities, and real estate ‘targeted’ for tax collections

Online business, securities, and real estate ‘targeted’ for tax collections

In order to achieve the tax collection target of VND1.1 quadrillion ($48.3 billion) in 2021, at least VND260 trillion ($11.4 billion) will need to be collected during the fourth quarter. Segments performing reasonably well amid the pandemic, such as online business, securities, and real estate, will be reviewed.
Natural resources leads in Q3 after-tax profits

Natural resources leads in Q3 after-tax profits

According to a report from FiinPro, the natural resources group posted the highest growth in after-tax profit in the third quarter of the year, with 129 per cent, followed by the chemical group with 102.8 per cent.
Flight reopening hits turbulence

Flight reopening hits turbulence

On October 10, the first day of domestic flights being reopened, only eleven official commercial flights were conducted, while 27 others were canceled due to storms and local quarantine regulations.
Agricultural processing companies maintain export markets

Agricultural processing companies maintain export markets

Despite 70 per cent of agricultural processing companies having to suspend export activities and the remaining 30 per cent having to operate at less-than-capacity due to Covid-19, some still overcame the difficulties, maintained export market share, and recorded stable revenue and profits.
Domestic flights to resume

Domestic flights to resume

The Ministry of Transport (MoT) has permitted airlines to conduct domestic flights from October 10. Flights on 19 routes around the country have been allowed, with 38 round-trip flights a day.
Options proposed for Hanoi - HCMC flights

Options proposed for Hanoi - HCMC flights

The Ministry of Transport has proposed two options for conducting regular domestic flights between Hanoi and Ho Chi Minh City from October 10, to avoid major damage to the aviation sector as well as the national economic recovery plan.