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Aside from maintaining the twin relationship with Ho Chi Minh City, it has also forged connections with many other Vietnamese localities like Hanoi, Quang Ninh, Ninh Binh and Long An, focusing on such fields as health care, vocational training, renewable energy, and environment. … [Read more...] about German city appreciates Vietnamese firms’ support for COVID-19 fight

The code red alert system is the process of coordination and emergency assistance between hospitals to provide emergency services for patients in critical situations that require the intervention of doctors and experienced experts from different specialties, according to the Vietnamese Ministry of Health’s news site Suc khoe & Doi song (Health & Life). … [Read more...] about Ho Chi Minh City hospital saves 9-yo boy with punctured heart

Particularly, the electronics manufacturing industry saw the highest growth with 17.7 percent. Food, foodstuff, and beverage processing industry inched up 0.44 percent. Chemicals, rubber, and plastic industry was estimated to rally 9.04 percent. Meanwhile, the mechanics posted a sharp decrease of 12.1 percent. Explaining this issue, the Department of Industry and Trade said that the electronics group increased heavily thanks to the stable and high consumption market and production orders. On the other hand, the report by Ho Chi Minh City Computer Association added that, during the time of social distancing, to serve the needs of studying and working from home, the consumption of computer products and internet services increased sharply to 200 percent-300 percent. Similarly, as for the food, foodstuff, and beverage industry, although exports decreased, domestic demand increased sharply. Preliminary statistics showed that retail sales of food and foodstuffs in the first six months of … [Read more...] about HCMC’s industrial production grows 1.18 percent

Within the service sector, the contribution of a number of markets make up a large proportion of the increase in total added value during the reviewed period. As such, wholesale and retail increased by 4.3% on-year to make it the largest contributor to the increase in total value added of the economy. This was followed by finance banking and insurance, which went up by 6.78%, whilst transportation and warehouses fell by 3%, with accommodation and catering services down by 20.7%. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES JULY 2

Earlier this month, Ho Chi Minh City Department of Public Security held a probe into a string of peer-to-peer (P2P) lending firms, including two companies operated by Singapore-backed firm Cashwagon for charging at exorbitant lending rates. Dossier reviewing and loan procedures are processed and approved via its website or app, with lending rates at least double that of commercial bank rates. … [Read more...] about Predatory debt collectors hustling on borrowed time