A view of HCM City from the Saigon River (Photo: VNA)
HCM City (VNA) -
business environment and encourage investors
to stay.
The city is now home to 440,000 registered enterprises, 96.4 percent of
which are domestic concerns and the remainder foreign-invested. The non-State
economic sector contributed 54.7 percent to the city’s GDP last year while the foreign
sector accounted for 19 percent.
Director of the municipal Department of Planning and Investment, Le Thi
Huynh Mai, said that since early this year the municipal People’s Committee has
granted investment licenses and decisions on investment policies to 15 projects
worth nearly 2.37 billion USD, including the
It is estimated that the monthly cost of
fast moving consumer goods (FMCG) in
rural areas will increase by 7 percent on average annually from 2020-2025,
faster than in class-1 urban areas (4 percent).
Compared to class-1 urban areas, over 70 percent of industries still have the
opportunity to boost the number of consumers.
The survey also showed that consumers in rural areas are very proficient in
using technology products and digital services. Up to 92 percent of rural
residents have used smartphones, a sharp increase compared to 2 years ago with
84 percent.
Accordingly, consumers in rural areas are using the internet more than
traditional means for shopping and the number is rapidly increasing from 2018
COVID-19 pandemic. However,
the profit growth does not reflect the complete economic picture, according to
It is reported that about 10 banks announced record profit growth of more than
50 percent, marking a double or triple increase compared to the same period
last year.
In the first three months, Vietinbank saw profit growth surge by at least 135
per to 7 trillion VND (304 million USD). Military bank (MB) achieved a profit
growth of 110 percent to 4.6 trillion VND. It is the highest increase in the
last five years.
Meanwhile, MS bank earned a profit growth of 315 percent to 1.2 trillion VND.
It is followed by SEAbank (126 percent to 1.931 trillion VND), and ACB (61 percent
Vice Director of VIETRADE Hoang Minh Chien (Photo: VNA)
Hanoi (VNA) - The Vietnam Trade Promotion Agency
(VIETRADE) at the Ministry of Industry and Trade (MoIT) and e-commerce platform
Sendo.vn are helping businesses to sell farm produce online and promote digital
transformation and the application of technology in trade activities.
Vice Director of VIETRADE Hoang Minh Chien revealed the joint effort at
a programme officially launched by the two sides on March 10.
The agency is coordinating with domestic and foreign partners to support enterprises
tackling the difficulties posed by COVID-19 via improving their abilities and
establishing strategic and sustainable consumption channels for products with