Continuous trading

Mr. Nguyen Phuong Dong, Deputy Director of the Department of Industry and Trade of HCMC, said that the industry and trade had made great efforts to overcome difficulties, sticking to the dual goal of both preventing the Covid-19 pandemic and developing the economy in 2020. The retail industry, with the support of e-commerce, had become the fulcrum for the whole service sector, which is most heavily affected by the Covid-19 pandemic. The wholesale and retail trade sector accounted for 25.2 percent of the service sector, equivalent to 15.7 percent of the city's gross regional domestic product (GRDP). It was the industry that attracted the most foreign direct investment (FDI) in 2020, with 418 projects worth US$233.2 million of newly-registered capital. Total retail sales of goods reached more than VND759.71 billion, an increase of 11.9 percent year-on-year. In 2021, the industry and trade set an increase of 5 percent in the index of industrial production (IIP) of the whole industry. Of … [Read more...] about HCMC’s total retail sales of goods rise 11.9 percent in 2020

With a desire to accompany and empower SME customers to overcome the crisis caused by COVID-19 and stabilise development in the next stage, VietinBank took new and innovative approaches. A series of credit solutions to remove difficulties and support customers affected by the pandemic have been carried out promptly and effectively through specific campaigns and programmes. As a result, VietinBank won trust of traditional customers and spread a strong message among the SME community. … [Read more...] about VietinBank named fastest-growing SME bank in Vietnam

An Phu Company which is responsible for the afforestation and forest management project was also shamed after 15.4 cubic metres of timber was found under three holes in their forest areas. The police launched an investigation into deforestation and Lam Dong People's Committee fined the company VND251m (USD10,800) for illegally building 14 houses and illegally converting 28ha of forest land for other usage. … [Read more...] about VIETNAM NEWS JANUARY 15

Lan made the statement during a reception for Korean Ambassador to Vietnam Park Noh-wan on January 13, during which she called on Korean investors to pour more investment into Bac Ninh in the time to come, especially in development of smart cities, education-training, hi-tech agriculture, supporting industry, environmental protection and energy saving, and automobile and component manufacturing. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 15

With the sharpest revenue decrease in history, mobile phone retail chains in Vietnam experienced a memorable year in 2020. At the moment when the share prices plunged because of Covid-19, Nguyen Duc Tai, co-founder and president of The Gioi Di Dong, predicted that the outbreak in the country would be contained by June (2020) and the purchasing power would recover. With a vaccine, it would be controlled, but, if not, businesses would suffer in the future. … [Read more...] about 2020 – unprecedented year for mobile phone retail chains