Vietnamese enterprises

Pandemic-hit HCM City looks to sustain growth momentum this year Ho Chi Minh City, the biggest economic hub in southern Vietnam, aims to sustain growth momentum in the remaining months of 2021 even when it is battling the worst-ever COVID-19 resurgence which began in late May. Data from the municipal Statistics Office, the city’s Gross Regional Domestic Product (GRDP) grew 5.46 percent year-on-year in the first half of this year. Total retail sales of goods and services reached about 542 trillion VND (23.5 billion USD), up 7.3 percent year-on-year. Budget revenue exceeded 198.56 trillion VND, up 20.7 percent and representing 55.7 percent of the yearly plan. Its Industrial Production Index (IIP) picked up 5.9 percent during the period, with growth seen in all four key industries – food and beverage (1.2 percent), pharmaceutical chemistry (2.6 percent), electronics (15.6 percent), and mechanical engineering (10.7 percent). This year, HCM City sets to achieve … [Read more...] about VIETNAM BUSINESS NEWS JULY 25

MB Group - a generous benefactor during pandemic By Van Ly MB Group vice chairman and general director Luu Trung Thai presents VND10 billion to a representative of the Hanoi government - PHOTOS: MB GROUP As the Covid-19 pandemic has been hitting many parts of the country, many enterprises have stepped up their corporate social responsibility (CSR) activities to give a helping hand to the community. MB Group is not an outsider to the trend, making significant contributions to the country’s fight against the pandemic. Donating VND40 billion to buy Covid-19 vaccines Contributing to the Hanoi government’s Covid-19 vaccination program, Military Commercial Joint Stock Bank (MB), an arm of MB Group, on June 19 donated VND10 billion to help the city combat the pandemic. At the program “Hanoi joins hands to combat the Covid-19 pandemic,” jointly held by the municipal government and the Vietnam Fatherland Front Committee of Hanoi, MB Group vice chairman and general … [Read more...] about MB Group – a generous benefactor during pandemic

Conserving the people’s resources advisable By Phan Minh Ngoc The results and effectiveness of government support for the people and businesses should be verified - PHOTO: UYEN VIEN The General Department of Taxation has recently announced the collection of key taxes— such as corporate income tax, luxury tax, value-added tax, and, especially, personal income tax—has all exceeded estimates and targets, being considerably higher than in the same period last year. This news emerged when the pandemic is at its current peak in Vietnam with strict social distancing and lockdown measures implemented across the nation. The now spreading Covid-19 pandemic is aggravating the difficult situation of both the people and the corporate sector that have already been mired in troubles. It is undeniable that the above good news from taxmen has been giving rise to mixed opinions. Some people and companies have even deduced negative thoughts that the authorities have paid more … [Read more...] about Conserving the people’s resources advisable