Demand for goods grew sharply during the Lunar New Year Festival. (Photo: nld.com.vn)
HCMCity (VNS/VNA) - Thanks to Ho Chi Minh City's success incontrolling the COVID-19 pandemic, industry has made a smart recovery.
Accordingto the city’s Department of Industry and Trade, exports through thecity's border gates grew from 5.9 percent inNovember to 8.1 percent in December
Retailsales in January grew by 5.1 percent to 73.5 trillion VND (3.17 billion USD).
Salesof goods increased by 7.1 percent to 47.9 trillion VND and revenues fromaccommodation and food sales grew by 6.7 percent to 2.78 trillion VND and fromtourism by 8 percent to 285 billion VND.
Exportsof goods through ports increased by 6.54 percent to 3.75 billion USD.
BuiTa Hoang Vu, Director of the Department of Industry and Trade, said mostproduction and distribution companies have resumed operations, and retailersplan to co-ordinate with manufacturers and suppliers to increase the supply ofessential goods.
Allthree wholesale markets and 213 out of 234 traditional markets in the city havereopened, ensuring smooth circulation of goods.
Inthe remaining months of this year the city will promote manufacturing andexports, its Department of Industry and Trade has said.
Ittargets 5 percent industrial growth, 10 percent growth in retail sales of goodsand services and 9 percent increase in foreign trade (excluding crude oil).
Torevive the city’s economy this year the department will focus on developingmanufacturing, high-tech sectors, supporting industries, and the four keyclusters.
Itwill pay greater attention to promoting key industrial products.
Thecity will also continue to transform exports with a focus on support servicesand products and services like software, digital content and others in whichthe city has advantages./.
As of February 10 morning, more than 1.9 million workers, or 96 percent of the total number in Ho Chi Minh City had got back to work after the Lunar New Year (Tet) holiday – the longest festival in Vietnam, a local official said.
A meeting was held by the Ho Chi Minh City Committee for Overseas Vietnamese Affairs on February 11 to collect Vietnamese expats’ views on the city’s potential new directions and development post-COVID-19 from an economic perspective.
The People’s Committee of Ho Chi Minh City has just issued a decision on approval of an outline of missions and total cost estimate for the project adjusting the master plan of the city by 2040, with a vision to 2060.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
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.
Demand for goods grew sharply during the Lunar New Year Festival. (Photo: nld.com.vn) 
