Vietnamese businesses

Revenue to state budget increases over 10 percent The revenue to the state budget in the first 9 months of this year amounted to 1,084.7 trillion VND, representing 80.75 percent of the projection and an increase of 10.75 percent over the figure recorded in the same period last year, according to the Finance Ministry. Meanwhile, the expenditure from the state coffer was estimated at 116.3 trillion VND, with the fight against the COVID-19 pandemic being prioritised. By the end of September, 29.1 trillion VND from the state budget was spend on the fight and support to those adversely affected by the pandemic. Despite the serious impacts of the pandemic, the revenue still increased year on year thanks to the economic growth momentum in the last month of last year, the ministry said. For the rest of the year, the ministry will continue accelerating administrative procedure reforms on taxation, simplifying business conditions, and joining other forces in fighting …

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Products exported to the U.S. would take over three weeks to be transported, and another three to be put into storage as only half of the workforce is available due to the pandemic. For products exported to China, the time it takes to do so is around 7-8 days instead of the usual 4-5. Such delayed customs clearance have affected the costs and quality of exported products, Nguyen Dinh Tung, director of the Vina T&T company, said at a meeting on agricultural product sale on Saturday. Port congestion in both Vietnam and around the world is severely impacting exports, Tung said. Prolonged transportation time has also caused imported products to be spoiled, he added. Personnel working at ports, both in Vietnam and around the world, is being limited to 50 percent, causing export delays. Increased booking cancellation rates by shipping companies has also been a problem. The Covid-19 situation in the south has also caused shipping companies to cut down the number of voyages to …

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At the event. (Photo: VNA) Quang Binh (VNA) - A webinar to bolster cooperation between the central coastal province of Quang Binh and the Republic of Korea (RoK) was held on October 15. At the event, head of the Department of Foreign Affairs for Provinces at the Ministry of Foreign Affairs (MoFA) Tran Thanh Huan said the ministry and the Embassy of RoK in Vietnam together with RoK partners have organised various events to bolster cooperation between the two countries at large and Quang Binh and the RoK in particular. Briefing the participants on Quang Binh’s potential and strengths across multiple fields, Secretary of the provincial Party Committee Vu Dai Thang said the webinar offered a chance for Quang Binh and RoK businesses and investors to enhance connection and information sharing, thereby fostering investment in the Vietnamese province. Investors from the RoK are among prioritised partners of Quang Binh and they will receive optimal conditions to operate in the …

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Vietnamese technology enterprises have showcased many Make-in-Vietnam solutions and products at the 2D and 3D online booths of the ITU Digital World 2021. As part of the ITU Digital World 2021, the Digital World Exhibition 2021 is held on an online platform, where organizations and businesses demonstrate 2D and 3D online booths. These online booths are maintained for a month from October 12 to November 12, 2021. This is an opportunity for Vietnamese enterprises to promote their brands, expand markets, and approach customers and partners from ITU's 193 member countries. At this exhibition, Viettel built a virtual space with 3D Platform, 100% Make in Vietnam technology customized by Viettel engineers. Viettel's booth includes 8 Digital Ecosystems: Digital Government, Digital Health, Digital Education, Digital Enterprise, Digital Family, Digital Traffic, Digital Infrastructure & Security System; Digital Finance Logistic & E-Commerce. With a feature called "Live tour", …

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Giving vaccinations is the top priority so that by early 2022 regular international flights can reopen. After the first flights carrying international tourists to Phu Quoc Island scheduled in late November, similar flights to take foreign visitors to other localities such as Khanh Hoa, Quang Ninh and others will be organized. Regular international flights are expected to resume by early 2022. The news was revealed by Vu Hong Quang, Deputy Head of the Air Transport Bureau of the Civil Aviation Administration of Vietnam, at a seminar on October 14. The Civil Aviation Administration of Vietnam is coordinating with international aviation authorities to organize charter flights to Vietnam’s Phu Quoc Island, even from destinations where Vietnam has yet to have an air route. According to Quang, giving vaccinations is the top priority so that by early 2022 regular international flights can reopen. At a meeting with the Vietnam National Administration of Tourism on …

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A Vietnam-Singapore forum specifically for senior energy industry leaders is scheduled to be held on October 21 in Hanoi in order to discuss how to maintain growth and sustainability, even during crises and challenging contexts. The key topics on the agenda for discussion are global energy sector development and trends, challenges, opportunities, and strategic implications for the nation. This is along with methods for navigating through the COVID-19 pandemic as adopted by leading regional corporations such as Temasek Holdings and Sembcorp Industries. Speakers include influential regional leaders such as Douglas Foo, president of the Singapore Manufacturing Federation, chairman of the Vietnam-Singapore Business Council, and a nominated Singapore MP. He will be joined by Vu Minh Khuong, associate professor at the National University of Singapore, Fadah Alsagoff, management team member and head of enterprise development at Temasek Holdings, Singapore, and Wong …

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Vietnam’s business hub Ho Chi Minh City will first resume interprovincial tours from November 1 before re-launching international tourism activities in early 2022, according to its plan for tourism recovery from COVID-19. The plan has been launched as the southern city and the country in general are loosening strict COVID-19 restrictions to resume socio-economic activities under ‘new normal conditions,’ a phrase the Vietnamese government uses to describe its new strategy of living safely with the coronavirus. Accordingly, the tourism recovery will follow a three-phase roadmap that requires strict compliance with epidemic prevention measures. In the first phase, which lasts from now to October 31, the city will reopen local tourism activities in “green zones”, meaning areas without known COVID-19 infection cases. People can select tours organized by travel companies or go by themselves to destinations in districts where the pandemic has been put under control. Hotels and …

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Akabot software is displayed at the show. — Photo FPT Three pieces of software developed by leading Vietnamese technology corporation, FPT, have been recognised as Make-in-Vietnam products in the International Telecommunication Union’s Digital World 2021 which was held in Ha Noi from October 12 to 14. The three pieces of software include a solution to handle technical problems at the HCM City stock exchange; akaBot (a comprehensive RPA solution that helps businesses overcome scalability challenges with full services, mini solutions and competitive licensing) and Base.vn (a solution for corporate governance) On the sidelines of the exhibition, FPT also displayed 2D and 3D products and digital solutions. The booth will be in place from October 12 to November 12, 2021. — VNS …

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Vietnamese Party chief Nguyen Phu Trong addresses measures to enhance friendship and cooperation between China and Vietnam during his ongoing official visit to Beijing from January 12 to 15. General Secretary Trong spoke with General Secretary of the Communist Party of China and Chinese President Xi Jinping following his arrival in Beijing on Thursday evening, the Vietnam News Agency reported. President Xi warmly welcomed the Vietnamese Party chief on the latter’s first China visit since the 12th Party Congress, saying the visit is a crucial step in deepening the Vietnam-China relationship. The Chinese leader stated that his country attaches significant importance to its ties with Vietnam and underlined its willingness to work with the Vietnamese Party, State, and people to strengthen the two nations’ bilateral cooperation and comprehensive strategic cooperative partnership. Replying to his host, General Secretary Trong affirmed that Vietnam has always respected its …

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Localities need to reopen soon to receive travelers from other provinces but they need to develop consistent regulations. Deputy General Director of the Vietnam National Administration of Tourism (VNAT) Ha Van Sieu said that the Covid-19 pandemic has caused serious consequences to Vietnam’s tourism, bringing it back to the level of 30 years ago. Tourism is the most vulnerable service sector and has had to wait for the recovery of other sectors. In Lao Cai province, according to the provincial Director of the Department for Culture, Sports and Tourism, the locality never announced the closure of tourism activities, but it still has not received travelers from other provinces and other countries. The 1,300 accommodations, 34 travel firms and 30,000 workers in the industry have been seriously affected. In 2019, the province received 5.5 million foreign travelers and had revenue of VND20 trillion. It expects to receive only 1.2 million travelers this year with turnover of …

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