SUPPORT NEEDED TO SAVE ENTERPRISES FROM EXITING MARKET
Enterprises were in dire need of support to overcome difficult times which forced many of them to sell assets at a loss or leave the market. According to the General Statistics Office, about 77,000 enterprises exited the market in the January – April period, increasing by 25.1 per cent against the same period last year.
90-DAY VISA 'OPEN DOOR POLICY' TO ATTRACT FOREIGN TOURISTS, GOV'T SAYS
The Government emphasised that the extension of e-visa validity to 90 days, three times longer than the current 30 days, will be an open-door policy in attracting more foreigners to visit Việt Nam as well as seek investment and business opportunities, creating a driving force to promote the country’s socio-economic development.
FDI FIRMS CONTINUE TO RECOVER AND SHIFT INTO HIGH-TECH INDUSTRIES
According to the report on Provincial Competitiveness Index 2022 (PCI 2022) released by the Vietnam Chamber of Commerce and Industry (VCCI), the majority of foreign-invested enterprises (FIEs) in Vietnam can be classified as small- and medium-sized enterprises in terms of capital, employment, and revenue.
BUDGET REVENUE NEARS US$28 BLN IN FOUR MONTHS
The State Budget collected VND645.4 trillion (US$28 billion) in the first four months of 2023, equal to 39.8% of the target and down 5% year on year, said the Ministry of Finance. The central budget revenue was estimated to fulfill 42.9% of the target and the local budget revenue was forecast to achieve 36.3%.
POTENTIAL DESTINATION AND INCREDIBLE OPPORTUNITY FOR INVESTORS
“Dak Nong province is opening up many incredible investment opportunities in various industries and fields and calling for qualified businesses with big projects, so as to create a remarkable transformation in the local socio-economy,” said Ms. Ton Thi Ngoc Hanh, Vice Chairwoman of Dak Nong Provincial People's Committee.
INTELLASIA FINANCE & BUSINESS NEWS - MAY 18, 2023
1. Inflation, bad debt keep interests rates high: SBV
2. Visa and SmartPay to boost digital payment solutions for MSMEs
3. Cashew exports in April hit record high
4. Specific mechanisms, policies needed to drive HCM City's growth
5. Firms in supporting industries in dire need of skilled workers
----and more news
VIET NAM EXPECTED TO EMERGE AS A PROMINENT LOGISTICS PLAYER IN ASIA
Việt Nam’s logistics industry is gaining recognition in the global market, with growing expectations that it will emerge as a “rising star” in Asia. This is due in large part to the country’s efforts to develop its supply chain industry and benefits from ‘China plus’ sourcing strategies of major multinational manufacturers.
PDP8 OFFICIALLY AUTHORISED: 2050 APPROACH
The objective of the Power Development Plan VIII (PDP8) is to aggressively develop renewable energy sources for electricity generation. By 2050, the proportion of renewable energy is projected to have reached 67.7-71.5 per cent.
