HCM City’s industrial production index up 7.26 percent
Ho Chi Minh City’s industrial production index in the first nine months of this year expanded 7.26 percent year-on-year, the municipal Department of Industry and Trade reported on October 1.
HCM City (VNA) – Ho Chi Minh City’sindustrial production index in the first nine months of this year expanded 7.26percent year-on-year, the municipal Department of Industry and Trade reportedon October 1.
However, four major industrial sectors, comprising manufacturing engineering,electronics, chemicals-rubber-plastics and food processing, increased only 6.1percent, lower than 8.39 percent recorded in the same period last year.
Experts said the fierce competition with foreign partners, along with impactsof the African swine fever have adversely affected the production of thecountry in general and HCM City in particular.
The country’s largest economic hub aims to achievea growth of 8.3-8.5 percent and have 46,200 new enterprises in 2019.
It also targets administrative reform, e-governance, improvement in publicadministration, creation of a healthy business environment, innovation andstart-up encouragement, and mitigation of climate change, flooding, trafficcongestion, and pollution./.
Developing Ho Chi Minh City into a supplier of high-quality human and technological resources for the logistics industry was the subject of a recent conference held in the city by the HCM City Department of Industry and Trade in coordination with the Vietnam Logistics Research and Development Institute.
Ho Chi Minh City needs a master plan for 30 years to make sure that investments in water supply dovetail with the overall long-term plan, experts have said.
Chairman of the People’s Committee of Ho Chi Minh City Nguyen Thanh Phong and German Consul General to the city Josefine Wallat discussed ways to foster multifaceted cooperation between the Vietnamese southern metropolis and the European country during their meeting on September 30.
International visitors who came to Ho Chi Minh City for health care make up 40 percent of the total number of foreign tourists to Vietnam for this purpose.
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) 
