Coronavirus

Despite the severe Covid-19 impacts, trade revenue between Vietnam and the region rose 11.8% year-on-year in the first eight months this year to US$69.3 billion.

This is mainly due to lower outstanding debt in the government sector, even though the corporate bond stock increased.

In the coming time, Hanoi would step up building a network of transport infrastructure to boost connectivity within the city and with other localities.

With rapid urbanization and growing population, Hanoi is under pressure to address social issues, especially those related to environment and traffic, said the Hanoi Party chief.

The growth rate is far away from the credit growth target of 14% set by the government for this year.

Vietnam is home to 32,539 valid foreign direct investment (FDI) projects with registered capital of a combined US$381 billion, of which US$233 billion has been fully disbursed.

The plant, considered one of the most important projects of Hyundai, is invested with an estimated VND3.2 trillion (US$137.44 million) and able to produce 100,000 vehicles per year.

Samsung plays a significant role in promoting the Vietnam – South Korea relations and the development of Vietnam’s manufacturing sector, stated Deputy Prime Minister Trinh Dinh Dung.

As the disbursed amount between January and August was equivalent to 50.7% of the target, the government is under pressure to spend the remaining 50% in the remaining four months.

The ASEAN Business Awards (ABA) is a prestigious international event held annually by the ASEAN Business Advisory Council (ASEAN BAC) since 2007.