Business News

IMF emphasised that the risk of slowing down remains for the Vietnamese economy although the country has been controlling the pandemic very well. Therefore, Vietnam should soon map out measures to address prolonged negative impacts. Notably, it is necessary to review fiscal solutions to protect labourers and also vulnerable households.

Novaland had the largest number of projects under discussion by the central and local authorities, with 10 of the 32 projects bearing their logo. These projects include Co Giang apartment building in District 1, the officetel and apartment building at 151 Ben Van Don Street in District 4, a 30 hectare project in Binh Khanh commune of District 2, and seven other projects in Phu Nhuan district.

To support businesses to recover operations soon, numerous policies related to deferring tax and land rent payments are to be put in place, while a reduction in corporate income tax is being considered.

The acute respiratory disease caused by SARS Cov-2 (COVID-19) has created changes in consumer preferences as well as business models and technology.

By industry, foreign investors invested in 17 industries. The processing and manufacturing industry drew the most FDI funding with over US$3 billion, accounting for 55.7 % of the total registered FDI funding, followed by the electricity production and distribution sector with US$1.44 billion or 26.5% of the total. Real estate and science-technology followed with nearly US$485 million and nearly US$153 million, respectively.

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Vietnam’s consumer price index (CPI) in February was up 1.52% over the previous month and 0.7 percent year on year, according to the General Statistics Office (GSO).

Vietnam lures 5.46 billion USD in foreign investment