MINISTRY EXPECTS TO PROVIDE 5G COVERAGE NATIONWIDE IN 2022
The Ministry of Information and Communications’ new mission is to lead national digital transformation process in order to build a digital Viet Nam, including digital government, digital economy, digital society and digital media.
NATIONWIDE SOCIAL DISTANCING NOT YET NECESSARY: DEPUTY PM
Given the current Covid-19 situation in Vietnam and the country’s on-going efforts to cushion the spread of the disease, it is not yet necessary to impose nationwide social distancing, said Deputy Prime Minister Vu Duc Dam at a press briefing today, May 11.
BANKS DOMINATE VIETNAM’S PROFIT MAKERS LIST
Seven banks are in the list of Top 10 most profitable listed companies in Q1, recording increases in pre-tax profits.
Topping the list are two stated-owned lenders Vietcombank and VietinBank. The former recorded VND8.6 trillion ($373.9 million) in pre-tax profits, up 65 percent year-on-year, while the latter posted VND8 trillion, up 171 percent.
LAUNCH OF DIRECT VIETNAM-US FLIGHT ROUTES A CHALLENGING JOURNEY
The flights would be operated using the long-haul Boeing 787-9 Dreamliner aircraft. The carrier said it was rushing to complete the final steps in the process of building its personnel apparatus, including pilot and flight crew training, to get ready for operating direct flights to the U.S.
COMPULSORY QUARANTINE PERIOD EXTENDED TO 21 DAYS
The compulsory concentrated COVID-19 quarantine period in Vietnam has been officially extended to 21 days.
SUNNY FDI OUTLOOK AMID SUPPLY STRAINS
While concerns over interruption of global supply chains linger due to serious outbreaks of COVID-19 in India, Thailand, and elsewhere, Vietnam is attempting to remain on the front foot with continued business confidence and inflow of foreign investment.
VIETNAM TO MAINTAIN STRONG, STEADY GROWTH
Vietnam’s economic growth is expected to rebound to 6.7% this year, despite the recent resurgence of the COVID-19 pandemic in nearby countries, and rise to 7% in 2022, said Andrew Jeffries, ADB Country Director for Vietnam, at an event releasing the latest Asian Development Outlook (ADO 2021) in Hanoi.
INTELLASIA FINANCE & BUSINESS NEWS - MAY 11, 2021
1. Banks' bad debts increase sharply in Q1/2021
2. Vietnamese banks attractive to foreign investors
3. Quality of Governance and Services Delivery Improve Remarkably
4. Foreign investors laud Vietnam's infrastructure development plan: Barron's
5. Doing business in the time of the pandemic
----and more news
