The State budget’s domestic revenue in the first eight months of 2019 is estimated at VNĐ808.8 trillion (US$34.8 billion), according to the Ministry of Finance.
The Government has ordered ministries and sectors to keep up with the set deadlines of key transport and power projects in its resolution on September 13.
InterContinental Hotels Group (IHG), one of the world’s leading hotel companies, on September 9 announced the grand opening of the 350-room Holiday Inn & Suites Saigon Airport, the first Holiday Inn in Vietnam.
After more than three years serving as U.S. Consul General in HCMC, Mary Tarnowka has been appointed as executive director of the American Chamber of Commerce in Vietnam HCMC. In an interview with The Saigon Times, Tarnowka said she will lead AmCham Vietnam HCMC as a bridge to promote bilateral trade and investment between the United States and Vietnam in the coming time.
The Japanese Chamber of Commerce and Industry in Vietnam (JCCI) has proposed increasing maximum overtime to 300 hours per year, instead of the current 200 hours, in the new Labour Code.
Numerous large-scale groups have relocated their facilities from China to Vietnam in order to avoid the impact of the US-China trade war, showing the potential for strong development of industrial real estate.
Vietnam’s labour productivity has improved but is still low in comparison with other ASEAN members, according to a report by the Ministry of Planning and Investment.
The country’s Consumer Price Index rose in August, according to the General Statistics Office.
Source: 14 central provinces with huge economic potential
The total foreign direct investment (FDI) disbursement in the first eight months of 2019 witnessed an on-year increase of 6.3 per cent, reaching $11.96 billion, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
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