Construction firms face difficulties due to COVID-19 pandemic
The complicated developments of the COVID-19 pandemic have seriously affected a large number of enterprises, especially construction companies, as their business and production saw not very good results in the first quarter of 2020, according to a survey by the General Statistics Office.
Hanoi (VNA) – The complicated developments of the COVID-19 pandemic have seriously affected a large number of enterprises, especially construction companies, as their business and production saw not very good results in the first quarter of 2020, accordingto a survey by the General Statistics Office.
As many as 47.5 percent of the 6,600 respondent enterprises saidthat they have faced more difficulties in the period, the survey showed.
The situation was predicted to be more positive in the next quarter, with 53.1percent of those forecasting more stable operation, while the rest said that itwill be worse.
The productionand business situation of an enterprise can be assessed on the basis ofequilibrium indicators on production and business trend, fluctuation of totalcosts and costs for raw materials and labourer, and on labourer demand./.
The number of international tourist arrivals to Vietnam during January-February rose 4.8 percent year on year to 3.23 million, the lowest increase in the past four years, the General Statistics Office of Vietnam (GSO) said on February 29.
The General Statistics Office (GSO) forecast if the coronavirus epidemic is stamped out in the first quarter this year, Vietnam’s industrial production value in the first quarter would increase by 2.68 percent year-on-year, lower than growth rate of 9 percent in the first quarter of 2019 and 10.45 percent in the first quarter of 2018.
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Vietnam’s gross domestic product (GDP) in the first quarter of 2020 grew 3.82 percent, the lowest pace during the 2011-2020 period, head of the General Statistics Office Nguyen Bich Lam said at a press conference in Hanoi on March 27.
The consumer price index (CPI) in the first quarter of 2020 rose by 5.56 percent, the highest increase during the 2016-2020 period, Director of the General Statistics Office (GSO) Nguyen Bich Lam said.
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
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Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Illustrative image (Photo: //www.nhandan.com.vn/) 
