Business News

Ho Chi Minh City, Hanoi, Binh Duong, Dong Nai, Hai Phong, Quang Ninh and Ba Ria-Vung Tau are localities that frequently top the national rankings of foreign investment attraction, budget collection, per capita income and competitiveness index, among others.

Of the total of 78,121 MW of installed capacity of electricity sources nationwide, there was 16,545 MW of solar power, including 8,904 MW of concentrated solar power and 7,660 MW of rooftop solar power and 4,126 MW of wind power that have been put into operation and have enjoyed the FIT (preferential purchase price) according to the Prime Minister’s decision.

In order to build a large and stable growing force of private enterprises that can enjoy consistent growth, more specific policies are required, pointed the report on Vietnam's 500 Largest Vietnamese Private Enterprises (VPE500) out.

The Ministry of Industry and Trade (MoIT) has asked the Prime Minister about the mechanism for ongoing solar power and transitional wind power projects to enjoy the incentive price.

He made the remarks while chairing the third meeting to assess the digital transformation pace in the first six months of 2022 and outline the tasks ahead yesterday in Hà Nội. The meeting was held online, linking the Government Office with the People’s Committees of provinces and centrally-run cities across the country.

Vietnam will need a skilled workforce to transform itself into an upper-middle-income economy by 2035, the World Bank has suggested in its recently-released report named “Taking Stock: Educate to Grow”.

The Vietnamese manufacturing sector remained in growth territory at the start of the third quarter of the year, but there were some signs of demand softening. As such, output, new orders and employment all increased at weaker rates than in June, according to S&P Global.

In the first seven months of this year, five commodities posting export turnover of more than 10 billion USD, making up 58.5% of Vietnam’s export turnover.