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
Mediators on long island
The ferry service had originally been scheduled for launch in April. It was then rescheduled to debut on September 2 to meet growing travel demand during the National Day holiday but continued to be delayed until October due to the country's second coronavirus outbreak. … [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
Nguyễn Thị Thanh Mỹ, deputy director of the city Department of Natural Resources and Environment, elaborated on the task at a recent meeting held to review implementation of climate change response plans over the last four years and set out orientations and tasks for the next decade. … [Read more...] about HCM City to improve solutions to climate change response
The working group will also work on policies to give incentives to enterprises which make investment in manufacturing car parts. There will also be preferential credit packages for automobile supporting industries (car part manufacturing) and for buyers of domestically-made cars. … [Read more...] about When will taxes be lowered to reduce automobile prices?