Economy

Vietnam takes the fourth position in the access-to-electricity index in 2019 in the Association of Southeast Asian Nations (ASEAN), with 82.2 points, according to the World Bank’s Doing Business report.

Vietnam exported 390 million USD worth of fruits and vegetables in April, representing a month-on-month rise of 7.9 percent, but down 15.6 percent against the same period last year.

Building trade names for agricultural products aims at producing products sustainably, creating competitive value, strengthening domestic market share and further step by step dominating foreign markets.

Within five years from 2014-2018, the Provincial Competitiveness Indexes (PCI) of 5 centrally-run municipalities have always been rated as excellent, high and mid-high.

The industry of the province is becoming more and more complete, contributing significantly to the strong growth of the local socio-economy in the past time as well as promising a positive prospect in the future.

The Index of Industrial Production (IIP) in the first four months of 2020 grew by about 1.8 percent year on year, the slowest pace in many years, due to COVID-19, according to the General Statistics Office (GSO).

Vietnam’s top four network providers, namely VNPT, Vinaphone, Viettel, and MobiFone, are listed among top 150 most valuable and strongest telecom brands worldwide in 2020.

The luxurious car market is expected to develop strongly this year, despite the automobile industry facing challenges due to the COVID-19 pandemic, causing automakers to suspend or reduce production.

Vietnam exported 415.7 million face masks worth 63.19 million USD from January 1 to April 19, according to the General Department of Customs.

Currently, the collective economy plays an important role in the new-style rural construction, forming production linkages, creating large goods, improving the value and competitiveness of products.

Like many other countries across the world, Vietnam has been badly affected by the COVID-19 pandemic.

Government support policies are urgently needed for businesses affected by the COVID-19 pandemic in order to protect the national economy and people’s livelihoods, according to a business leader.