Business News

The growth of import slower than that of export helped Vietnam clinch a trade surplus of over US$20 billion in the first 11 months of 2020. However, the surging surplus also indicated a hard time for Vietnamese enterprises, especially those in the export sector. Therefore, when import is up again, it turns out to be a positive sign.

Despite slow disbursement of foreign loans, that of public investment has become faster, contributing to making the country’s positive economic growth target feasible for the year.

Japanese Ambassador to Vietnam Yamada Takio has told leaders of the southern province of Binh Duong that his country supports transport projects connecting Binh Duong with regional localities and cooperation in investment for major projects using Japanese ODA.

Prime Minister Nguyen Xuan Phuc has approved a list of priority technologies for research and development in a bid to facilitate participation in the 4th industrial revolution. These technologies belong to four areas namely digital technologies, physics, biotechnology, and energy and environment.

The Government has approved a National Digital Transformation Program through 2025 and orientations towards 2030.

The JCER recently released a medium-term forecast of Asian economies entitled “Asia in the coronavirus disaster: Which countries are emerging?”, which addresses the impact of the COVID-19 pandemic and looks at how Asian economies are faring compared with others around the world.

In order to catch the wave of investment capital flow, in addition to constantly improving the investment environment and enhancing public service quality, Vinh Phuc province has made great efforts to upgrade infrastructure in industrial parks.

Exporting products via e-commerce is not only an immediate salvage solution for businesses in the context of COVID-19, but also becomes a necessary strategic tool for cross-border trade.