Business News

Foreign investment inflows to Viet Nam totalled US$19.12 billion in the first eight months, equal to 97.9 percent of the same period last year, according to the Ministry of Planning and Investment.

The Ministry of Planning and Investment is developing a draft programme to support digital transformation in enterprises, cooperatives and business households for 2021-2025, to meet the practical and urgent needs of the fourth industrial revolution and tackling the pandemic.

The United States and Vietnam are making joint efforts to ensure market fairness and macroeconomic stability, therefore enhancing bilateral economic links with monetary and exchange-rate perspectives.

The business community and investors are expected to benefit from the government’s upcoming decision offering special investment incentives, but experts said such bonanzas will need to be further clarified.

Non-cash payments have increased sharply in Vietnam, especially through mobile devices and the internet, according to the State Bank of Vietnam.

The Government and the Prime Minister are determined to resolve long-lasting institutional bottlenecks and obstacles to create new motivation and unlock new resources for development, especially amid the complicated development of the COVID-19 pandemic, Prime Minister Pham Minh Chinh said at the new cabinet meeting on law-making.

Vietnamese enterprises have proven their dynamism and high adaptability to the situation as the fourth outbreak of the COVID-19 pandemic has led to successive social distancing measures over the past month.

Ho Chi Minh City is implementing a series of solutions to support enterprises with capital, land rent, as well as electricity and water bills, helping them overcome the difficulties amid the pandemic.