Business News

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CONSTRUCTION OF SUB-PROJECTS OF NORTH-SOUTH EXPRESS SCHEDULED NEXT WEEK

The North-South Expressway, which is of national priority for investment in the 2017-2020 period, involves the development of 654 kilometers of expressway passing through 13 cities and provinces, with total investment capital of approximately VND119 trillion (nearly US$5 billion).

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DA NANG ALLOWS BARS, DANCE CLUBS TO REOPEN

Da Nang allowed the reopening of bars, karaoke parlors and dance clubs from September 25, two months after their closure due to the COVID-19 outbreak.

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24 HOSPITALS OFFER REMOTE MEDICAL EXAMINATION AND TREATMENT

The Ministry of Health has approved the list of 24 central and key hospitals eligible to join the national network for remote medical examination and treatment.

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QUANG YEN COASTAL ECONOMIC ZONE SET UP

Deputy Prime Minister Trinh Dinh Dung has signed a Decision on establishment of Quang Yen Coastal Economic Zone in the Northern province of Quang Ninh.

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FOREIGNERS ENTERING HCMC FOR SHORT VISITS STRICTLY SCREENED

They are required to arrive one day before the start of their work - only experts and other indispensable personnel working for foreign agencies and family members of Vietnamese citizens are currently issued visas - and are only allowed to work if they test negative, the Ho Chi Minh City Center for Disease Control and Prevention said.

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FOREIGN CAPITAL STILL HEADS TO MANUFACTURING, PROCESSING

The total amount of foreign investment poured into Vietnam this year to September 20 reached 21.2 billion USD, equivalent to 81.8 percent of the same period last year, reported the Ministry of Planning and Investment.

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REAL ESTATE DEVELOPERS INTERESTED IN EMERGING MARKETS

In HCM City, in the past two years, there have been no new projects completed. Apartment prices have been increasing sharply at an average of 5-7 per cent, even 10 per cent in some areas. In essence, investors will pour money into a market with good profitability and low prices.

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GDP GROWS BY 300% THANKS TO ACTIVE ECONOMIC INTEGRATION, TRADE MINISTER SAYS

In the first eight months this year, amid complicated and swift evolution of the COVID-19 pandemic, total trade value was estimated at US$ 337.23 billion, equivalent to that of the same period last year, in which export turnover increased by 2.3% to US$ 175.36 billion while import turnover decreased by 2.4% to US$ 161.87 billion.

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HCMC TARGETS PER CAPITA INCOME OF US$40,000 IN 2045

HCMC expects to emerge as a financial and economic hub in Asia with a per capita income of US$40,000 in 2045, HCMC Party Committee Secretary Nguyen Thien Nhan said at a meeting on September 24.