Business News

Thành Công Textile Garment Investment Trading JSC has been trying to hire workers to expand its production, but is struggling to do it since its salaries and bonuses are not considered high enough.

During the six months, the processing and manufacturing industry posted the highest industrial output growth of 9.66 per cent. It was followed by electricity generation and distribution (6.51 per cent), electricity production and distribution (6.1 per cent) and the mining industry (2.28 per cent).

Budget revenue was estimated at VND775,262 billion in the first six months of 2022, equaling 66% of the full-year estimate and 117.6 % of the value a year earlier, said the report at a recent Tax Review Conference for the first half of 2022. Up to 60 out of 63 localities completed more than half of their full-year targets.

Vietnamese enterprises are trading well so far this year, but key exporters in textiles, garments, leather, and footwear are still suffering from increasing raw material costs.

1. Banks provide preferential loans to enterprises
2. Central Bank Digital Currency necessary for Vietnam
3. Loc Troi joins hands with MBB to produce rice
4. Rising petrol prices contribute $385 million to state budget revenue
5. MoF clarifies law on prize electronic games for foreigners
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1. Pedestal Crane and Related Services supply
2. Waste Heat Recovery supply
3. Submarine cable & accessories supply
4. Industrial cleaning fluid supply
5. Finely ground blast furnace slag supply
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Việt Nam needs to develop regulations about digital and virtual assets as Industry 4.0 is driving the emergence of new assets and the lack of rules exists is one of the most significant legal problems in asset ownership rights.

Economic expert Nguyễn Bích Lâm talks to Việt Nam News Agency about Việt Nam’s economic growth prospects in 2023 and ways to boost growth in the face of challenges created by supply chain breaks and geopolitical instability.