Financial 4th quarter

As Vietnam is doing well in its containment of the CODI-19 pandemic, it is expected the country’s tourism sector will gradually recover in 2021. In this context, enhancing connectivity between tourism service providers and promoting the role of major travel companies are both crucial factors for domestic tourism to reboot itself post-COVID-19. Therefore, more drastic measures are needed to remove the above-mentioned obstacles and increase the efficiency of tourism connectivity, thus enhancing the overall competitiveness of Vietnam’s tourism. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 16

Explaining the adjustment, Minister of Labour, Invalids and Social Affairs Dao Ngoc Dung said during the implementation, many said they have been off work before April 1, specifically from early February to April, May and June. According to the regulation, they are not entitled to support though in practice, they are the most deserving beneficiaries as their labour contracts have been suspended since February 1. … [Read more...] about Revising 62 trillion VND aid package: Infeasible regulations removed

In 2020, Vietnam surprised the world with its impressive control of COVID-19 and its inspiring economic growth rate of 2.91 per cent, making the country one of the world’s top 10 nations with the highest growth, and also one of the 16 most successful emerging economies on the globe in 2020. Last year, the economy’s GDP is estimated to be about VND6.3 quadrillion ($273.9 billion), up by VND263 trillion ($11.43 billion) against 2019, ranking fourth in Southeast Asia, with total export-import turnover of $543.9 billion, up 5.2 per cent on-year – fetching a record trade surplus of $19.1 billion, notably in the context of strong decline in global trade. … [Read more...] about New economic priorities for a new year

Despite fast population aging and the number of people aged 65 and above making up 7.7 percent of the population, Vietnam is still one of the few countries effectively responding to the pandemic. To sustain this achievement, it should prepare all conditions necessary for ensuring social security and nursing services for the elderly, especially the ones living alone, at care centres, and with disabilities, the UNFPA said./. … [Read more...] about VIETNAM NEWS JANUARY 16

State-owned banks recorded mixed results. Of Vietnam’s three biggest lenders by assets, CTG of VietinBank added 0.9 percent, BID of BIDV kept its opening price and VCB of Vietcombank shed 0.7 percent. MBB of mid-sized Military Bank climbed 1.3 percent. … [Read more...] about VN-Index sees biggest foreign net sell in eight months