Business News

Vice Chairman Nguyễn Mạnh Quyền was tasked with directing research and proposing the reopening of transport, tourism and international trade services with appropriate COVID-19 measures, boosting production and business activities, agriculture, services, and craft village operations.

National Assembly (NA) Chairman Vương Đình Huệ told the Việt Nam Textile and Garment Group (Vinatex) to build a Vietnamese fashion brand, focusing on the domestic market of nearly 100 million people and at the same time pay attention to export markets.

Vietnamese Prime Minister Pham Minh Chinh has asked the Ministry of Culture, Sports and Tourism (MCST) to consider and announce a detailed roadmap for the reopening of the tourism industry.

Vietnam’s overseas investment in January, was estimated at 36.9 million USD, a nearly twelvefold increase from the same month last year, according to the General Statistics Office.

The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.

The Department of Planning and Investment of Nghe An Province has called on investors to develop an urban area project along the Vinh river in Vinh City, with a total cost of nearly VND1.44 trillion.

Investors of housing projects that lag behind schedule will be fined VND400-600 million each, according to the Government’s newly-issued regulations. The Government has issued Decree 16/2022/ND-CP on administrative sanctions against violations in the real estate sector.

HCM City received a record US$7.1 billion worth of remittances last year, a 16 per cent increase from 2020 and accounting for more than half of the country’s total remittances, according to the State Bank of Việt Nam.