Business News

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.

He made the remarks while chairing the third meeting to assess the digital transformation pace in the first six months of 2022 and outline the tasks ahead yesterday in Hà Nội. The meeting was held online, linking the Government Office with the People’s Committees of provinces and centrally-run cities across the country.

Vietnam will need a skilled workforce to transform itself into an upper-middle-income economy by 2035, the World Bank has suggested in its recently-released report named “Taking Stock: Educate to Grow”.

The Vietnamese manufacturing sector remained in growth territory at the start of the third quarter of the year, but there were some signs of demand softening. As such, output, new orders and employment all increased at weaker rates than in June, according to S&P Global.

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.

The shift of global investment to Vietnam is creating a bright spot for the industrial park real estate market.
A recent report by SSI Research expected that the industry's profit after tax will grow by 47.3 per cent compared to the same period last year thanks to industrial land demand which is forecast to recover positively after the economy reopened post-pandemic.

The U.S. remains the largest importer of Vietnamese goods over the last seven months of 2022, spending an estimated sum of US$67.1 billion, while China was the biggest exporter of goods to Viet Nam with US$72.6 billion over the same period.