HCM City (VNA) - Businesses in HCM City are in need of specific and long-term solutions, given that its index of industrial production (IIP) fell 4.9 percent in the first nine months of this year, according to insiders. Rising 9.6 percent in September against August, yet the IIP has failed to gain ground this year, the municipal Department of Industry and Trade said. Sectors such as processing and manufacturing, electricity generation and distribution, and water supply and waste treatment posted declines ranging from 1.2 to 5.8 percent in the period. Sharp falls were seen in metals (29.1 percent), wood and wooden products, except beds, wardrobes, tables and chairs, (22.6 percent), clothing (20.3 percent), and other processing and manufacturing industries (19.2 percent). The IIP in electronics and chemistry rose 18.5 percent and 7.6 percent, respectively. Figures show that the consumption index for the processing and manufacturing sector fell 3.6 percent year-on-year in … [Read more...] about Industrial production in HCM City needs long-term support: Insiders
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Bui Hoa An, deputy director of the Ho Chi Minh City Department of Transport, said workers are racing against time to finish construction of wharfs in Can Gio and Vung Tau ahead of the December start date. "Project delays had occurred due to the bidding process," An said. … [Read more...] about New HCMC-Vung Tau ferry service to be launched next month
HCM City (VNA) - Promoting exports to Singapore, which has open trade mechanisms and high-quality services, is viewed as a shortcut for Vietnamese small and medium-sized enterprises (SMEs) to send their products out to the world, according to industry insiders. At a conference held by the Ho Chi Minh City Investment and Trade Promotion Centre (ITPC) on October 7, centre deputy director Tran Phu Lu said Singapore plays an important role in Southeast Asia’s economy thanks to its strategic location and high-quality human resources. As the 37th-largest economy in the world, its per capita income stood at 59,590 USD in 2019, he said, adding that as its domestic consumption relies a great deal on imports, Vietnamese SMEs could penetrate into the market, especially in the context of formidable challenges posed by COVID-19. Vice President of the Vietnamese Chamber of Commerce Ltd (Vietcham) Singapore, Phan Phi Long, said that besides traditional distribution channels like FairPrice, … [Read more...] about Singapore an important market for SMEs to reach out to the world: Insiders
Research into and assessment of the impacts of climate change on natural, human and socio-economic factors have been implemented effectively thanks to a new methodology for building local climate change scenarios by the Ministry of Natural Resources and Environment, he said. … [Read more...] about HCM City to improve solutions to climate change response
On November 11, the Government Office released a notice about the Deputy Prime Minister Trinh Dinh Dung’s conclusion at the meeting discussing solutions to develop the automobile industry, which gathered representatives of ministries, the Vietnam Automobile Manufacturers' Association (VAMA), and enterprises. … [Read more...] about When will taxes be lowered to reduce automobile prices?