Business News

As many as 85,500 companies terminated operations in the first eight months of 2021, an increase of 24.2% from a year earlier, said the General Statistics Office (GSO). Ho Chi Minh City accounted for the most with 24,000 companies ending their operations, or 28.1% of total.

During their talks before the aforesaid event, the two ministers reviewed the bilateral defense ties, compared notes on regional and international issues of shared concerns, including the importance of freedom of navigation and aviation in the face of complicated developments in the region, and shared the two armies’ experience in the fight against COVID-19.

Hong Kong is planning to join the Regional Comprehensive Economic Partnership (RCEP) with a view to strengthening the city as a gateway for trade, investment, and business between China and RCEP economies.

Vietnam is blessed with excellent sunshine throughout the year, providing it with a huge potential for developing solar power.

Vietnam reeled in more than 19 billion USD from FDI attraction in the first eight months of this year, according to the Ministry of Planning and Investment.

Việt Nam's exports may reach as high as US$313 billion by the end of 2021, a 10.7 per cent increase year-on-year, only if the country manages to stop the spread of the novel coronavirus, according to a report by the Ministry of Industry and Trade.

As the central city of Danang continues to be an attractive destination for foreign-invested enterprises, the city is expected to see more scrutiny on transfer pricing from local tax authorities and rising demand for related consultation services.

The current disruption to supply chains has created disadvantages for attracting foreign direct investment (FDI) and executing projects, and the downward trend in investment attraction was noted by the Ministry of Planning and Investment (MPI) in a recent report to the legislature.