Business News

This is one of the latest remarks by Dr. Nguyen Thi Thu Trang, Director of the WTO and Integration Center under the Vietnam Chamber of Commerce and Industry (VCCI) on difficulties faced by Vietnamese companies upon the enforcement of EVFTA commitments.

Public-private partnership (PPP) investment has become one productive cooperation model between the government and the private sector in infrastructure development in Vietnam.

“Vietnam’s economic fundamentals remain robust. The country has been one of the world’s best-performing economies during the pandemic; that said, we are closely watching the domestic COVID-19 situation,” said Tim Leelahaphan, economist for Thailand and Vietnam, Standard Chartered, in the bank’s recent Global Research report entitled “Vietnam – Strong performance continues this year”.

With COVID-19 raging, the Regent Garment Factory Ltd., a subsidiary of Hong Kong (China)’s Crystal International Group Limited, still submitted a request to the northern province of Hai Duong to open a new 35 million USD garment factory in the locality. The request was approved last week.

Vietnamese businesses will weaken over time if the COVID-19 pandemic persists. Therefore, it is necessary to have an immediate solution to support businesses to restore production and business.

Despite the COVID-19 pandemic, Viet Nam's industrial production in first five months of 2021 increased by 9.9 percent compared to the same period last year, according to the General Statistics Office.

Fruit, vegetable export of Vietnam reached 1.35 billion USD in the first four months of this year.

Investors' trust in the local businesses climate and support from authorities for enterprises have helped the southern province of Đồng Nai almost reach its foreign direct investment (FDI) target for the year.