Economy

CEO of German tech giant Siemens AG and Chairman of the Asia-Pacific Committee for German Business Joe Kaeser has called upon German firms to invest in Vietnam as part of efforts to diversify supply chains.

From the beginning of 2020 up to now, while some other crops in Long An province have not made profits or even lost their capital, lemon trees still have high profits, even though their prices are lower than the same period.

In the nine months of 2020, over 1,200 newly established enterprises in Long An province with a total registered capital of over 18,880 billion VND.

Commercial banks should diversify their loan products, lower interest rates and simplify procedures to improve accessibility to official credit channels in an effort to keep people away from illegal sources.

Vietnamese businesses could increase exports to India by 633 million USD annually, the Standard Chartered Trade Opportunity Report has revealed.

Vietjet has launched a special promotion campaign with more than 2 million super-saving Eco tickets up for grabs whole days until October 20 in a move to celebrate Vietnamese Women's Day.

Vietnam's gross domestic product is estimated to reach 340.6 billion USD this year, making it the fourth-largest economy in Southeast Asia.

A virtual conference on trade and investment promotion between Vietnamese and German enterprises was held on October 15.

The industrial manufacturer Hoa Phat Group posted 24.9 trillion VND in revenue in the third quarter of this year, up 62.7 percent year on year, and after-tax profit of over 3.78 trillion VND.

Vietnam earned an estimated 711 million USD from exporting agricultural products to the European Union in August and September, according to the Ministry of Agriculture and Rural Development.

Over the past 5 years, the Party Committee, authorities, armed forces and people in the province were united, dynamic, creative, innovative in thinking and operating methods; concretized the resolutions and directives of the Party

State budget collection in the first nine months of this year reached 975.3 trillion VND, equivalent to 64.5 percent of the estimate and representing a drop of 11.5 percent year-on-year, according to the Ministry of Finance.