Despite facing many unpredictable events, Vietnam's capital market is expected to develop more strongly and more evenly in the new era.
Vietnam had 29,300 new companies with a total registered capital of VND447.8 trillion (US$20 billion) in the first quarter of 2021, which hired 245,600 workers, up 1.4% in companies, 27.5% in value and in 0.8% employees from a year earlier, according to the General Statistics Office (GSO).
Given the Covid-19 pandemic contagion, the shift to digital platforms for export is no longer an option for enterprises but an essential solution for them. The Alibaba.com e-commerce platform is effectively supporting many Vietnamese exporters in this regard.
5G is expected to contribute to 7.34% to GDP growth by 2025. The Government and the Ministry of Information and Communications are taking momentous decisions to promote large-scale 5G testing, commercialize and use Made-in-Vietnam equipment.
Up to 41% of total cooperatives are unaware of the zero-interest lending policy applied to layoff allowances for their employees; and 38% do not know power bill reduction policy for business entities, according to a survey conducted by the Vietnam Cooperative Alliance (VCA) and the United Nations Development Program (UNDP) in four provinces and cities in Vietnam adversely affected by the Covid-19 pandemic.
Vietnam will announce to the UK side its ratification of the UK-Vietnam Free Trade Agreement (UKVFTA) this month, so the deal can officially come into force from May 1.
An improving global economic outlook and progress in COVID-19 vaccinations have pushed up bond yields in emerging East Asia, including Vietnam, according to the latest issue of the Asian Development Bank’s (ADB) Asia Bond Monitor.
Vietnam expects to gain US$ 8-10 billion from shipping fruits and vegetables abroad, with revenue of processed products accounting for at least 30 percent of the total by 2030.
First launched at Vincom Dong Khoi in Ho Chi Minh City in 2016, Zara has now gained success, paving the way for many other international fashion, food and entertainment brands to enter the Vietnam market, such as H&M, Decathlon, Uniqlo, and Haidilao Hot Pot.
The Ministry of Industry and Trade has just sent document 1226 to the Committee on Science, Technology and Environment, the Economic Committee of the National Assembly and the Government Office regarding the proposals of Trung Nam Construction Investment Joint Stock Company about the reduction in power generation.
The draft project on State-owned enterprise (SOE) restructuring, with a focus placed on SOEs in 2021-2025, was recently completed and submitted by the Ministry of Finance to the Government.
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