Cpi

Lawmakers of Ha Tinh and Tuyen Quang provinces and Hai Phong city discuss in group (Photo: VNA) Hanoi (VNA) – Legislators have voiced their support for the Government’s viewpoint on investing resources in the COVID-19 combat but also highlighted the importance of sustaining socio-economic development. Investing resources in pandemic prevention, control Speaking at a group discussion on July 22, part of the ongoing first session of the 15th National Assembly (NA), deputy Hoang Van Cuong of Hanoi said Vietnam witnessed two outbreaks in the first half of 2021, with the first coinciding with the Lunar New Year holiday - a peak of consumer and tourism activities, and the second hitting key economic areas like industrial parks and big cities. However, the achievements obtained during the six months are very positive, he said, noting that the gross domestic product (GDP) grew 5.64 percent, consumer price index ( CPI ) up 1.47 percent, and State budget revenue … [Read more...] about Vietnam should accelerate business recovery to keep up with global trend: legislators

The symbol of bull and bear in front of the Ho Chi Minh Stock Exchange (HoSE). — Photo saigondautu.com.vn In a recent report, the Bank for Investment and Development of Viet Nam Securities Company (BSC) said that the COVID-19 impacts will be shown in the third quarter business results, leading to a strong division among stock groups. The securities firm said that the Delta variant of coronavirus is spreading in Asia, while the European Union’s and the US’ economies are witnessing a clear recovery. This boosts the US Federal Reverse (Fed) to consider tapering its ultra-loose policy later this year, while China maintains its loose monetary policy to stimulate the economy. In Viet Nam, measures to strengthen disease prevention continue to affect production and business activities, as well as the labour situation. However, the number of businesses closing for long periods and dissolutions have declined, showing that businesses have gradually adapted to the pandemic. BSC revised … [Read more...] about Less positive business results in Q3 can cause strong division in stock market

Photo: baodautu.vn The General Statistics Office has just released a report on the economic situation in the first eight months of 2021. The negative impact from the pandemic exacerbated difficulties, notably in the southern economic region. In August alone, the industrial production index went down 7.4 per cent on-year. However, the figure increased by 5.6 per cent compared to the first eight months of 2020. Total retail sales of consumer goods and services only decreased by 4.7 per cent over the same period last year. If excluding the price factor, the figure decreased by 6.2 per cent. The sluggish growth in consumption demand indicates a negative impact from the pandemic. VCBS forecasts Q3 growth of about 2-2.5 per cent over the same period. The consumer price index (CPI) in August 2021 increased by 0.25 per cent compared to the previous month, which is equal to an increase by 2.82 per cent compared to July 2020, corresponding to an increase of 2.51 per cent compared to … [Read more...] about Inflation predicted to decrease, while VND could strengthen against USD

The launch ceremony. — VNA/VNS Photo Minh Thu HÀ NỘI — The Hải Phòng Economic Zone Authority (HEZA) on Tuesday launched its electronic management and operation system (e-HEZA). The system is set to facilitate the management work while helping to reform administrative procedures, improving the administration reform index of the authority. Through the system, it only takes one day to complete a number of licences instead of up to 20 days in the past. The system also shortens the length of time enterprises carry out data reports. Lê Anh Quân, Vice Chairman of the municipal People’s Committee, said the application of technology and digital transformation will contribute to raising the operational efficiency of the authority and turn Hải Phòng into an investment magnet. Quân asked HEZA to coordinate with businesses in training officials in charge of the system and ensure information security. The coastal port city plans to construct 15 new … [Read more...] about Hải Phòng Economic Zone Authority launches e-management system

The launch ceremony. — VNA/VNS Photo Minh Thu The Hai Phong Economic Zone Authority (HEZA) on Tuesday launched its electronic management and operation system (e-HEZA). The system is set to facilitate the management work while helping to reform administrative procedures, improving the administration reform index of the authority. Through the system, it only takes one day to complete a number of licences instead of up to 20 days in the past. The system also shortens the length of time enterprises carry out data reports. Le Anh Quan, Vice Chairman of the municipal People’s Committee, said the application of technology and digital transformation will contribute to raising the operational efficiency of the authority and turn Hai Phong into an investment magnet. Quan asked HEZA to coordinate with businesses in training officials in charge of the system and ensure information security. The coastal port city plans to construct 15 new industrial parks with a total area of over … [Read more...] about Hai Phong Economic Zone Authority launches e-management system

Foreign investors maintain confidence in Vietnam’s economy Vietnam attracted 14 billion USD in foreign direct investment (FDI) in the first eight months of this year, only 2 percent lower than the same period last year, showing foreign investors’ confidence in Vietnam’s economic scenario in mid-and long terms. Of the investment capital, up to 11.7 percent has been disbursed, up 2 percent as compared with the corresponding time last year. In August alone, 2.4 billion USD was registered, up 65 percent from the previous month, mainly additional capital injected into the processing and manufacturing industry. However, this month’s FDI disbursement dropped 14.3 percent against July and 12.2 percent year-on-year as the social distancing order has been imposed in major economic centres. Budget collection in August also went up 13.9 percent while total spending reduced 5.9 percent year-on-year. According to the World Bank, Vietnam’s economic recovery in the fourth quarter will … [Read more...] about VIETNAM BUSINESS NEWS SEPTEMBER 16