AUXILIARY BORDER GATES, CROSSINGS WITH CHINA TO REOPEN
Prime Minister Nguyen Xuan Phuc has allowed the re-opening of auxiliary border gates and border crossings to resume trading activities between Vietnam and China, according to the Ministry of Industry and Trade (MoIT).
MORE RATE CUT TO STIMULATE DEMAND
According to the State Bank of Vietnam (SBV), banks are actively offering new soft loan packages to customers. The combined value of this credit package has to date reached VND650 trillion (US$28 billion) with lending rates 1-2% lower than those before the Covid-19 pandemic outbreak. 147,637 customers have borrowed VND553 trillion (US$23.6) since January 23, 2020.
SOUTH KOREAN GROUP PROPOSES $150 MILLION TECHNOPARK IN DONG NAI
Vietnam-Korea Techno Park proposed to the Dong Nai provincial government to build a 300-hectare industrial park. The project will be developed in three stages with $150 million in total investment and is expected to lure $2-3 billion of investment within six-nine years of operation.
KNOWING MORE ABOUT START-UPS IN HONG KONG
Nurturing start-ups and engaging the start-up community is one of the core directions of the Federation and the HKTDC. Local start-up companies have come up with excellent ideas in various aspects with the staunch support from the HKSAR Government and respective local institutions.
HÀ NỘI RELAXES SOCIAL DISTANCING, BUT BARS AND KARAOKE VENUES REMAIN CLOSED
The municipal authority of Hà Nội has agreed to further relax social distancing restrictions on public transport, including on planes, trains, buses and boats, after 25 days of no community transmission cases of COVID-19 reported in Việt Nam.
QUANG TRI EYES 86 MILLION USD LOGISTICS CENTRE
The People's Committee of Quang Tri province has approved in principle for Dong Nam ICD JSC to develop a logistics centre, expected to cost more than 2 trillion VND (86 million USD), in the East South Quang Tri Economic Zone.
MARITIME TRANSPORT SEES SLOWDOWN, CUTTING COSTS CRUCIAL
Nguyễn Xuân Sang, Director of the Việt Nam Maritime Administration, predicted that maritime transport would continue to face difficulties until the end of this year due to drops in demand for goods in foreign countries and stagnation of production globally which caused falls in both imports and exports.
HIGH LOGISTICS COSTS REDUCE COMPETITIVENESS OF VIETNAMESE GOODS
Inflated logistics costs were hampering the competitiveness of Vietnamese goods, according to Chairman of the Việt Nam Textile and Apparel Association (VITAS) Vũ Đức Giang.
