Protesting government contracts

However, on July 30, an HCMC branch of Dong A Bank wrote to the municipal government saying that IUS took out a loan from the bank to execute the project after the city chose it as the project’s investor. Also, IUS used the project as collateral for the loan. … [Read more...] about New investment methods needed for HCMC’s delayed underground parking projects

Le Thi Huynh Mai, director of the city Department of Planning and Investment, said the total retail sales of goods and service revenue during the period reached about VND827 trillion, down 3.3 per cent from the same period last year, while total budget revenue was more than VND216.7 trillion, down 17.37 per cent over the same period. Total budget expenditures were VND49.264 trillion. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 11

By 2015, NFIS set targets to have at least 80 per cent of adults having bank accounts or accounts with other authorised organisations, at least 20 branches and transaction offices of commercial banks per 100,000 adults, at least 50 per cent of the total number of communes that have financial service points, at least 25 per cent to 30 per cent of adults depositing at savings credit institutions. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 12

Lan Phuong, a tour guide for Korean tourists, said that she received VND1 million last week. “I had to stay home for two months because Covid-19 broke out again in late July. But I only received the one-month allowance as compensation earlier this year,” Phuong said, adding that she was luckier than many other tour guides who did not receive anything. … [Read more...] about Few jobless tourism workers enjoy relief aid amid Covid-19

According to the organising board, the participation of quite a few exhibitors of fruits from Italy and other countries around the world is a good chance for Vietnamese enterprises, distributors and importers to learn and look for business cooperation in the context that the EU-Vietnam Free Trade Agreement (EVFTA) has been effective since August 1, with many preferential tariffs. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 9