General statistics office

In addition, the Government plans to disburse VND700 trillion worth of public investment capital over the course of the year which will be considered to be a ‘strong push’ to attract capital from the private sector. Pham Dinh Thuy, Director of the Department of Industrial Statistics under the General Statistics Office, notes that promoting public investment will ultimately create positive conditions for private enterprises to provide plenty of services, as well as work, in their role as contractors and investors. … [Read more...] about Vietnam strives to effectively attract private investment

Hanoi (VNA) – A total of 10,728 new firms were established in May with total registered capital of 112.7 trillion VND (4.83 billion USD), up 36.1 percent in number and 20.1 percent in capital from the previous month, according to the General Office of Statistics (GSO). With the May figure, the number of new firms set up in the first five months of the year reached 48,300 with total capital of 557 trillion VND, down 10.5 percent in number and 16.7 percent in capital year-on-year.    Taking into account the 817.4 trillion VND added to existing firms, the capital flow into the economy in the period came to 1,375 trillion VND, a decrease of 17 percent compared to the same period last year. Besides, 21,700 firms resumed operation, up 10.5 percent year on year. Meanwhile, 26,000 firms suspended operation for a certain period, up 36.4 percent year on year, and 16,500 suspended pending dissolution procedures, down 14.5 percent. Nearly 6,100 firms dissolved in the five … [Read more...] about New firms up 36 percent in May

According to the Vietnam National Textile and Garment Group (Vinatex), the domestic textile and garment industry could lose up to 50 percent of orders in May. Meanwhile, the recovery of supply amid falling demand might lead to a 20 percent reduction in prices worldwide, it said. … [Read more...] about VN garment exports forecast to plummet due to lack of orders

On the same day, the Health and Sports Ministry of Myanmar lifted the restriction of gathering of five or more persons under certain conditions. It also announced removing the restriction on four out of 10 townships in Yangon which have been put under the government's stay-at-home orders./. … [Read more...] about Latest Coronavirus News in Vietnam & Southeast Asia May 30

Above all, the city must verify high-tech industries as its key mission; therefore, the city must take advantage of the opportunities when large corporations and companies shift their production sites into Southeast Asian countries generally and Vietnam particularly as well as create favorable condition to support medium and small companies. While receiving foreign investors, the city should select environmentally friendly, high tech investment to best serve the sustainable growth of the country. … [Read more...] about PM proposes HCMC to become modern city in region and world