How drought affects the economy

Vietnam has focused in recent years on developing infrastructure and logistics services to facilitate export and draw investment. Recently, Margrethe Maersk, one of the world’s largest container ships, successfully docked at the Cai Mep International Terminal (CMIT) in the southern province of Ba Ria-Vung Tau. In the past, such large ships often chose other terminals in the region, the Port of Singapore for example, but nowadays Vietnam has become their port of choice, reflecting the positive signals of Vietnam’s exports that promote demand for marine transportation. Vietnamese goods can now be shipped directly to buyers, saving time and enhancing Vietnam’s competitiveness as an exporter. … [Read more...] about Vietnam optimistic about growth in first half of 2021

The office of the People's Committee of HCMC announced that Mr. Nguyen Thanh Phong, Chairman of the municipal People's Committee, approved the policy of reducing 50 percent of stall rentals at city-based traditional markets during the period from July to December 2020 as proposed by the Department of Industry and Trade. This department is assigned to take responsibility and coordinate with the Department of Finance to guide the People's Committees of districts to implement the policy. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 16

Pressure is a matter-of-fact thing. The Government’s leader has on many occasions called for transparency and elimination of petty corruption at all levels – so that’s the order and it has to be observed, meaning that not just the Government Office but all ministries and local authorities will have to be part of the efforts to reform. I’d say that the pressure has been reduced quite a lot compared to the beginning of the term, now that the efforts to reform have been more widespread. … [Read more...] about Striving towards a Government serving the people: Minister

“I have heard some difficulties of South Korean companies in applying for licenses in Vietnam. Under COVID-19, the government has implemented various favourable policies to support companies to overcome the pandemic’s economic situation,” said KorCham chairman Kim Han Yong. “However, licensing for some large South Korean projects in Hanoi and Ho Chi Minh City have been delayed due to lack of clear legal instructions and this caused many difficulties. So we sincerely hope the government will understand this situation, and clarify guidance of regulations to local authorities.” … [Read more...] about New economic priorities for a new year

“I love street food and actually Việt Nam is known to have some of the best street food in the world. We should appreciate street vendors but organise them in a way that does not cause chaotic scenes in the urban landscape,” she added. … [Read more...] about Food streets improve vendors’ incomes, tidy up neighbourhoods