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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.
US and EU businesses seeking Vietnamese suppliers

US and EU businesses seeking Vietnamese suppliers

A survey by QIMA Quality Control Services shows that 38 per cent of US businesses and 28 per cent of European businesses said they plan to find new suppliers in Vietnam. This represents a golden opportunity for local enterprises to boost investment and broadly and deeply take part in global supply chains.
MPI seeks assessment of industrial parks and coastal economic zones

MPI seeks assessment of industrial parks and coastal economic zones

The Ministry of Planning and Investment (MPI) has requested that localities report on the development of coastal industrial parks and economic zones in 2021 in order to make a comprehensive assessment. These are a driving force of development in many localities but efficiency in investment attraction and land use is still not high.
Telco profits down sharply

Telco profits down sharply

According to the Ministry of Information and Communications, the revenue of telecommunications services in 2021 will reach nearly VND131 trillion ($5.7 billion), up 2 per cent compared to 2020, while the profit of telecommunications businesses will reach only VND43 trillion ($1.8 billion), down 22.8 per cent compared to 2020, due to Covid-19.
Da Nang picks up Smart City Award

Da Nang picks up Smart City Award

Central Da Nang city has received a second Smart City Award Vietnam, a prestigious and unique award for cities and urban areas with three categories: City Smart Operations and Management, Smart Health City, and Smart, Green Environmental Management City.
Opportunities for retail and consumption post-pandemic

Opportunities for retail and consumption post-pandemic

Vietnamese enterprises in retail and consumption will experience new opportunities to make a breakthrough if they quickly adapt to the new business environment post-pandemic. The fact that users and businesses have been active in digital transformation and applying e-commerce will change habits and behavior in the market as a whole.
Wood and forest product exports up handily

Wood and forest product exports up handily

Wood and forest product exports will reach over $15.6 billion in 2021, up 18 per cent compared to 2020 and $1.6 billion higher than planned. The General Department of Forestry has set a target of forest product exports reaching at least $16.5 billion in 2022.