Business News

In the first seven months of this year, five commodities posting export turnover of more than 10 billion USD, making up 58.5% of Vietnam’s export turnover.

Decree 85 issued last year, which amends and supplements a number of articles of the Government's Decree 52 (2013) on e-commerce, has specific provisions on supplementing business licenses for foreign investors, and economic organisations with foreign investment capital.

Vietnam, a rising star in the global supply chain, has the potential to become a new tiger in Asia, economist Brian Lee Shun Rong at Maybank - Malaysia's largest financial services group and the leading banking group in South East Asia – has reportedly said.

Vietnam’s economic recovery accelerated over the last six months on the back of resilient manufacturing and a robust rebound in services. GDP growth is forecast to surge from an estimated 2.6% in 2021 to 7.5% in 2022, while inflation is projected to average 3.8% over the year.

Ho Chi Minh City, Hanoi, Binh Duong, Dong Nai, Hai Phong, Quang Ninh and Ba Ria-Vung Tau are localities that frequently top the national rankings of foreign investment attraction, budget collection, per capita income and competitiveness index, among others.

Of the total of 78,121 MW of installed capacity of electricity sources nationwide, there was 16,545 MW of solar power, including 8,904 MW of concentrated solar power and 7,660 MW of rooftop solar power and 4,126 MW of wind power that have been put into operation and have enjoyed the FIT (preferential purchase price) according to the Prime Minister’s decision.

In order to build a large and stable growing force of private enterprises that can enjoy consistent growth, more specific policies are required, pointed the report on Vietnam's 500 Largest Vietnamese Private Enterprises (VPE500) out.

The Ministry of Industry and Trade (MoIT) has asked the Prime Minister about the mechanism for ongoing solar power and transitional wind power projects to enjoy the incentive price.