Business News

Singapore is committed to cooperating closely with Vietnam so that both countries can emerge stronger post-pandemic, Singaporean Foreign Minister Vivian Balakrishnan said ahead of his trip to Vietnam to attend the Asia-Europe Meeting (ASEM) High Level Policy Dialogue from June 20-23.

HCM City is considering a financial support package worth more than VNĐ76 billion (US$3.31 million) from the State budget to support small traders at traditional markets affected by the pandemic.

Consumer Price Index (CPI) in May increased by 0.16% compared to that of the previous month.

The manufacturing and processing sector has taken the lead in attracting foreign direct investment (FDI) since the beginning of this year, pulling in 6.1 billion USD, or over 43 percent of the total.

According to the Government's policy, expressways must be built in the investment form of public-private partnership (PPP) on the principle of harmonizing shared interests and risks among stakeholders, including the Government, investors and people.

Foreign investment flows into Vietnam’s high-tech sector remained lacklustre in the first five months of 2021, falling behind in meeting national expectations and forcing the country to change its approach.

According to Dong Nai Department of Planning and Investment, South Korean investors have injected an additional $500 million into the locality, increasing the total investment capital from $6.5 billion in 2019 to $7 billion in May 2021. South Korea topped the list of 45 countries and territories investing in Dong Nai.

Under the programme, the total borrowing over the next three years will be VND1,738.4 trillion (US$75.8 billion), of which VND1,604 trillion (US$70 billion) will go to the central budget.