Business conditions slightly improve in July: PMI
Firms remained optimistic overall of output growth over the coming year.
Firms remained optimistic overall of output growth over the coming year.
The fact that nearly 19,800 enterprises temporarily suspended operation in the first two months of 2021, up 60.5% year-on-year, has also contributed to a decline in tax revenue.
To date, Hanoi has effectively contained the pandemic situation, which helps avoid disruption of economic activities and daily life of the public, Secretary of the Hanoi Party Committee Vuong Dinh Hue has said.
Such extension in delay of taxes and land rental fees payment is essential for the business community to continue its economic recovery process and ensure the realization of the 6.5% economic growth target in 2021.
Vietnam’s exports to Japan via AEON in 2020 are set to reach US$500 million and can potentially rise to US$1 billion in 2025.
The disruption of supply chains as a result of the Covid-19 pandemic is a major concern, as all ASEAN members are export-oriented, said Vietnam’s Trade Minister Tran Tuan Anh.
The lockdown scale to contain Covid-19 outbreak should depend on the size of the Covid-19 cluster, said a senior government official.
The Vietnam Manufacturing Purchasing Managers' Index (PMI) posted 51.1 in June, up from 42.7 in May and above the 50.0 no-change mark for the first time in five months.
Vietnam's trade turnover is likely to have reached US$238.4 billion in the first half this year, down 2.1% year-on-year.
Vietnam holds a number of advantages against other countries at a time when investors are looking to exit China, according to experts.