Vietnam Today

Under a new decision from the Prime Minister, 167 procedures and regulations on business conditions in the health sector will be cut, creating savings of around VND570 billion ($25.08 million).

The Ministry of Foreign Affairs held a symbolic reception on October 4 for the delivery of 1.5 million doses of the Pfizer/BioNTech vaccine from the COVAX Program with US Government support. The US is the largest vaccine provider to Vietnam, with 7.5 million doses to date.

The production of Covid-19 vaccines in Vietnam will receive up to 100 per cent funding support, for research, clinical trials, trial production, testing, insurance, and financial assistance for volunteers.

Economic growth in Vietnam came in at -6.17 per cent in the third quarter of 2021. United Overseas Bank (UOB) has therefore lowered its 2021 GDP growth forecast to 3 per cent but retained its outlook of 7.4 per cent for 2022.

USAID (US Agency for International Development) has worked with the Ministry of Planning and Investment to conduct the Workforce for an Innovation and Start-up Ecosystem (WISE) Program. Activities will last over two years with total sponsored capital of $2 million from USAID.

Vietnam posted a trade surplus in September, with trade to be balanced or even in surplus by the end of the year.