Business News

Eight groups of people will enjoy a 15 per cent rise in their pensions and social insurance allowances and monthly subventions from January 1, 2022 when a draft decree on the adjustments of these allowances is issued, according to the Ministry of Labour, Invalids and Social Affairs (MoLISA).

The city handed over approvals for the investment planning of five projects with a combined investment capital of nearly VND15 trillion ($652.17 million) and granted construction licences for the Co Giang apartment building project in District 1 with an estimated investment sum of VND3 trillion ($130.43 million).

Domestic and international businesses are expected to benefit more from Vietnam’s future e-government development, as the completion of the long-awaited legal framework on shared data could be a way to improve the business climate amid stiffening regional competition.

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

At a conference reviewing the three years of implementation of Government Resolution 120 dated November 17, 2017 on climate resilient and sustainable development of Mekong River Delta, Prime Minister Nguyen Xuan Phuc talked about a new strategic viewpoint involving eight “Gs” on the development of the Delta.

According to the city Department of Industry and Trade, the city’s index of industrial production (IIP) grew by 6 per cent in the first two months of the year, despite a fall of 24.6 per cent in February as business establishments closed for the Lunar New Year.

In the second half of February, the country’s imports totaled US$11.4 billion, up 23% from the first half of the month. The import of machines, equipment and tools rose by 22.9%, while the purchase of plastic materials soared by 61.7% against the figure seen in the first half of February.

In its 2020 Article IV Consultation report with Vietnam, the IMF said the country’s growth is projected to strengthen to 6.5 percent, as normalisation of economic activity continues, businesses recover, and private consumption and business investment rebound.