Ho Chi Minh City plans to open more pedestrian streets in central District 1 to meet locals and tourists’ entertainment and recreational demands.

Manufacturing sector returned to growth in September as concerns around the outbreak of the COVID-19 pandemic in the country eased. Both output and new orders increased, while business confidence strengthened, and the rate of job cuts softened.

More than 6,000 enterprises in HCM City have resumed operations following the containment of the COVID-19 pandemic and more than 30,000 new ones with capital of VND696 trillion have been set up this year, the city chairman has said.

Vietnam’s international integration has brought both challenges and opportunities for traditional craft villages, with the use of scientific and technical advances in production considered vital for them to thrive.

The Vietnam Railways Corporation (VNR) has projected losses of more than VND1.2 trillion (US$51.7 million) this year.

The Government has decided to implement a 30% corporate income tax (CIT) cut for certain businesses for the 2020 financial year.

Ho Chi Minh City is set to roll out a second COVID-19 aid package worth VND12 trillion (US$517 million) exclusively for small and medium-sized enterprises (SMEs).

The Vietnam Rubber Group JSC (VRG) plans to invest in tyre and tube production via mergers and acquisitions (M&As) over affiliate companies of the Vietnam Chemical Group (Vinachem).

The Hanoi Goethe Institute has launched Culture Lab to support the development of the arts and artistic dialogue in a world hit by COVID-19.

Billions of banking stocks are about to flood the market with banks planning to pay stock dividends and issue new shares to raise their charter capital.