Economy

Careful consideration is needed before increasing seaport services charges to limit negative impacts on the economy during the COVID-19 pandemic, according to the Vietnam Maritime Administration.

Vietnam has 620 industrial aquatic processing facilities, according to the Directorate of Fisheries at the Ministry of Agriculture and Rural Development.

Many businesses have closed down or are struggling with rising overheads due to COVID-19.

The People's Committee of Long An province informed that the state budget collection in the first five months of 2021 achieved quite good results thank to the drastic leadership and efforts.

According to Director of Long An Department of Planning and Investment - Huynh Van Son, in the first 5 months of 2021, 726 new businesses have been established in the province.

The manufacturing and processing sector has taken the lead in attracting foreign direct investment (FDI) since the beginning of this year, pulling in 6.1 billion USD, or over 43 percent of the total.

To cope with the situation of drought, salinity intrusion, serving agricultural production and water for daily life, Long An has conducted an investment project to build a freshwater reservoir Thanh Hoa district.

The rise of local retailers via mergers and acquisitions is expected to balance Vietnam’s retail market, which had been dominated by foreign investors.

A webinar on the role of the private economic sector and experience in foreign investment management of Vietnam in Doi moi (renewal) process took place in Venezuela on June 9.

Vietnam Railway Corporation (VNR) announced that its revenue in the first five months of 2021 decreased strongly to only 51.4 percent of the figure of the same period last year, due to the impact of the COVID-19 pandemic.

The Vietnam Oil and Gas Group posted 144.9 trillion VND in pre-tax profit during January-May, 2.3 times higher than the targeted number set for the period and tripling that of 2020.

Recently, the disease situation on cattle and poultry in Long An province has had a significant impact on farmers.