Thanks to the support from the local administration and the dynamism of local firms, the northern province of Vinh Phuc has enjoyed high revenue from goods and services so far this year.
Vinh Phuc (VNA) – Thanks to the support from the localadministration and the dynamism of local firms, the northern province of Vinh Phuchas enjoyed high revenue from goods and services so far this year.
Total retail revenue of goods and services in September thisyear is estimated at over 4.4 trillion VND (190.6 million USD), a rise of 10.41percent year on year.
In the first nine months of 2019, the figure reached about38.16 trillion VND, up 9.45 percent over the same period last year.
At the same time, theconsumer price index (CPI) in Vinh Phuc rose 1.32 percent compared to the sametime in 2018, the lowest level in the last four years.
The rise was attributable to increases inhealth care and education fees, rising prices of gold and the US dollar, andthe impact of African swine fever.
In September alone, CPI in the province was up0.35 percent over the previous month, and 1.38 percent over the same time lastyear. In the month, three out of the 11 goods groups saw an upturn in prices,with the highest rise of 4.06 percent recorded in education fees, followed byfood and catering services’ prices at 0.8 percent, and other goods and servicesat 0.04 percent.
Meanwhile, the prices of five out of the 11goods groups dropped, with the sharpest fall seen in transportation prices at1.29 percent. Prices of housing and construction materials decreased by 0.66percent, while those of post and telecommunications fell0.3 percent, culture, entertainment and tourism dropped 0.08 percent andequipment and household appliances lost 0.11 percent./.
The northern midland province of Vinh Phuc has given the green light for Vinh Tuong district to implement its 264-billion-VND (11.35 million USD) project on building the Rung lake cultural-eco tourism site.
The northern province of Vinh Phuc has been an ideal destination for investors thanks to its geographical location and preferential policies for investment attraction.
The northern mountainous province of Vinh Phuc is implementing several policies to support industrial and handicraft establishments in rural areas, with the goal of shifting the economic structural in rural areas.
The northern midland province of Vinh Phuc has maintained its export growth thanks to businesses’ efforts to access new markets and optimise opportunities from the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
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.
Illustrative image (Source: VNA) 
