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Transport sector faces numerous difficulties due to COVID-19
Bus companies, railway and airline firms have been struggling to survive amid the impacts of COVID-19 for a year and a half.
Investment in HCM City’s industrial parks up 23%
Investment in Ho Chi Minh City’s industrial parks and processing zones have risen by nearly 23% year-on-year so far this year to US$236.1 million.
Manufacturing industries face difficulties due to shortage of chips
The shortage of electronic chips is causing difficulties for businesses and electronics manufacturers as chipsets are used in most electronic products and technological devices.
Tourism-related firms face bankruptcy due to pandemic
Many tourism-related firms that have borrowed from banks are facing foreclosure due to the latest outbreak of COVID-19 infections.
Firms advised to be cautious when doing business with Indian partners
The Ministry of Industry and Trade has urged firms to be cautious when doing business with companies in India that were severely hit by the COVID-19 pandemic.
Legal framework needed to manage virtual financial investment platforms
Experts have warned that a firm legal framework and strict punishment measures are needed to manage virtual financial investment platforms, which they say are now out of control.
PM backs HCM City’s proposal to retain 23% of budget revenues
Prime Minister Pham Minh Chinh has supported Ho Chi Minh City’s proposal to retain 23% of its budget revenues, up from the previous 18%, to create conditions for sustainable development.
Logistics enterprises grow strongly in Q1, boosted by FTAs
Vietnamese logistics enterprises reported outstanding business results in the first quarter of 2021.
Local fashion brands struggle to compete in domestic market
A recent report on the local fashion market of the Vietnam Industry Research and Consultancy (VIRAC) found that Vietnamese fashion brands are losing out in the local market, which is increasingly dominated by international brands.
Phu Yen province attracts billion-dollar resort project
The central province of Phu Yen is emerging as an attractive market for real estate investment, especially in large-scale hospitality projects.