The Vietnam Oil and Gas Group (Petrovietnam) has achieved financial targets exceeding planned levels by between 34% and 92% in the first five months despite facing significant drops in its core product prices. This is attributable to its effective management of the market fluctuations.
Vietnam’s labour market quality has not yet improved with a large portion of informal workers although the employed population increased,, according to the General Statistics Office (GSO).
With flourishing economic results in the first six months of this year, many enterprises in Ho Chi Minh City expect to keep pace with the growth momentum to accelerate their production and business activities in the coming months.
Vietnam saw a record-high number of new business registrations, including those resuming operations, in June, according to the Department for Business Registration Management under the Ministry of Planning and Investment.
Ho Chi Minh City’s Department of Industry and Trade has recently announced the 2022 summer shopping stimulus programme and a plan to promote production and business activities in the city in the last months of this year.
The industrial production value of the Mekong Delta province of Kien Giang reached over 20.4 trillion VND in the last five months, up 7.4 percent from the same period last year.
Da Nang’s gross regional domestic product (GRDP) has been estimated to be down 9.77 percent this year to about 100 trillion VND compared to 2019 due to COVID-19, a press conference held on December 29 to announce the central city’s socio-economic figures for 2020 heard.
In the context of COVID-19 returning from July, the General Statistics Office (GSO) continues to conduct a survey on impacts of the pandemic on production and business activities for the second time.
Addressing the Government’s meeting on October 2, Prime Minister Nguyen Xuan Phuc requested ministries, sectors and localities to push ahead with stronger reforms to promote production and business activities amid several challenges to and problems of the economy.
Up to 82.6 percent of the processing and manufacturing enterprises said they enjoyed a more stable and better business operation in the second quarter of the year, according to the General Statistics Office of Vietnam.
Overseas remittances to Ho Chi Minh City is expected to total 5.2 billion USD this year, up 4.5 percent year-on-year, said an official of the State Bank of Vietnam (SBV).
