Vietnam Today

In a report on the implementation of Resolution No. 53-NQ/TW dated August 29, 2005, Director of the Ho Chi Minh City Department of Planning and Investment Le Thi Huynh Mai said that with a favorable geographical location and as a gateway for international exchange, Ho Chi Minh City plays an important role in attracting investment and has become a focal point for exchange with regions in the country and internationally as well as in the development of the southern region.

According to consultants Dezan Shira & Associates, with a rapidly-growing population, expanding middle class, and growing environmental awareness, Vietnam holds promise as a strategic market for electric vehicle manufacturers. It also has priority policies for the development of such vehicles, including exemptions on registration fees for three years from March 2022, while special consumption tax rates will be 1-3 per cent for five years.

On July 13, Disrptiv Exchange cooperated with AKA Digital - a marketing technology solutions provider and gold partner of Oracle in Vietnam - to introduce the B2B Marketplace glassRun platform specifically for the Vietnamese market. The platform is digitized with unlimited integration with enterprise resource planning (ERP) software, has a software distribution management system (DMS), provides real-time market information and same day delivery, reduces inventory costs, and increases profit margins, etc.

According to a report from Mr. Ho Ky Minh, Standing Vice Chairman of the Da Nang City People’s Committee, presented at the 7th Meeting of the city’s 10th People’s Council, 2021-2026 term, socio-economic development in Da Nang in the first half of 2022 saw many highlights.

Prime Minister Pham Minh Chinh chaired a meeting on July 12 between the Government Standing Committee and the Standing Board of the Party Committee of the centrally-run Businesses’ Sector on restructuring and improving the operational efficiency of State-owned enterprises (SOEs). He emphasized that they must make important contributions to macro-economic stability and that the goal by 2025 is to basically complete the rearrangement and transformation of SOE ownership.

In its recently-released “Global Focus - Economic Outlook Q3-2022: Near the Tipping Point” report, Standard Chartered Bank forecasts GDP growth of 6.7 per cent in Vietnam this year and 7 per cent in 2023. It also forecasts that inflation will come in at 4.2 per cent and 5.5 per cent in 2022 and 2023, respectively. Vietnam’s economy will recover strongly in the second half of 2022, the report stated.