RECOVERY PROPOSALS SET OUT FOR BUSINESSES
According to the Vietnam Textile and Apparel Association (VITAS), although the trade surplus of the sector in the first nine months reported strong figures at $11 billion, textile and garment firms are still facing risks due to the on-month fall in export value of between 10-20 per cent since the worst pandemic outbreak emerged.
IMPORTANT FOUNDATION FOR ECONOMIC RECOVERY AND DEVELOPMENT
The fourth outbreak of the COVID-19 pandemic has seriously affected the socio-economic situation of the country. However, since the end of the third quarter of 2021, efforts to control the disease nationwide have shown positive results while forecasting agencies at home and abroad are optimistic about Vietnam's growth prospects in the medium and long term.
PM ISSUES DIRECTIVE ON RESTORATION OF INDUSTRIAL PRODUCTION
Deputy Prime Minister Le Van Thanh on October 3 signed for issuance of a Prime Minister directive on restoring production at industrial production areas amid the COVID-19 pandemic.
FDI TOPS 22 BILLION USD IN FIRST NINE MONTHS
As of September 20, FDI inflows into Vietnam increased by 4.4 percent year-on-year to 22.15 billion USD, reported the Foreign Investment Agency under the Ministry of Planning and Investment.
REGULATIONS ON E-COMMERCE INVOLVING FOREIGN TRADERS SUPPLEMENTED
Accordingly, foreign traders and entities operating websites to provide e-commerce services with Vietnamese domains and language, and having over 100,000 transactions from Việt Nam each year, must register e-commerce activities in line with regulations, establish representative offices or appoint authorised representatives in the country.
VIETNAM’S CPI UP 1.82% IN NINE MONTHS
The consumer price index (CPI) rose by 1.82% year on year between January and September, the slowest hike since 2016, the General Statistics Office (GSO) has announced.
INTELLASIA FINANCE & BUSINESS NEWS - SEPTEMBER 30, 2021
1. Vietnam to lower lending interests via cash influx
2. SBV orders strict control on real estate credit
3. Vietnam's tuna exports drop sharply in August
4. Vietnam's import-export turnover up 24pct in nine months
5. Eight-month exports to Taiwan reach roughly $3 billion
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ECONOMY EXPANDS 1.42% IN JAN-SEPT PERIOD
Viet Nam’s economy dipped by 6.17 percent in the third quarter this year, the lowest figure since the country first reported on quarterly GDP growth. With the latest figure, the economy expanded 1.42 percent in January-September period due to heavy impact of the COVID-19 outbreak which forced many localities to impose social distancing order.
