HCM City’s gross regional domestic product (GRDP) hit 1.37 quadrillion VND (59.4 billion USD at current exchange rate) in 2020, a year-on-year increase of 1.39 percent.
HCM City (VNA) - HCM City’s gross regional domestic product (GRDP) hit 1.37 quadrillion VND (59.4 billion USDat current exchange rate) in 2020, a year-on-year increase of 1.39 percent.
Speaking at a press conference on December 29, Vice Chairwoman of the municipalPeople’s Committee Phan Thi Thang highlighted the prominent achievements in socio-economicdevelopment during the year despite the difficulties from COVID-19, especially inadministrative reform and improving the investment and business environment.
According to the municipal Statistics Department, local enterprises earned 40.2billion USD from exports (including crude oil) during the year; 1.3 percent higherthan in the same period last year.
HCM City has five commodity groups with export value exceeding 1 billion USD,which also account for 83.5 percent of its total export turnover, led by the groupof computers, electronic products and components, with 17.8 billion USD.
It was followed by textiles (4.3 billion USD), footwear (2.2 billion USD), and machinery,equipment, tools and spare parts (2.2 billion USD). “Other commodities” stoodat 6.9 billion USD.
China, the US, and Japan remained the largest importers of goods from HCM City.Exports to China reached 10.5 billion USD, accounting for 26.2 percent of the totaland up 23.7 percent year-on-year.
Enterprises in HCM City spent over 43.3 billion USD on imports, down 1.6 percentcompared to 2019.
According to the General Director of the municipal Statistics Department Huynh VanHung, total retail sales of consumer goods and servicesin the city during 2020 reached 1.2 quadrillionVND, down 1.3 percent year-on-year.
HCM City welcomed 1.3 million international visitors and 15million domestic tourists in the year, down 84.8 percent and 54.2 percent comparedto 2019./.
Thanh Hoa province should roll out concerted solutions to soon become a new growth pole, together with Hanoi, Hai Phong, and Quang Ninh forming a development quadrangle in the north, Politburo member and National Assembly Chairwoman Nguyen Thi Kim Ngan said on October 27.
A workshop on promoting investment from the Republic of Korea (RoK) in the southern province of Binh Duong was held in the form of an online conference on November 20.
The northern province of Quang Ninh is intensifying efforts to meet its socio-economic targets and keep its gross regional domestic product (GRDP) growth in the double digits this year.
The northeastern province of Quang Ninh’s gross regional domestic product (GRDP) has been estimated at 10.05 percent in 2020 despite the adverse impact of COVID-19.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
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.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
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&.
Illustrative image (Photo: VNA) 
