HCM City honours outstanding businesses, entrepreneurs in 2020
The Ho Chi Minh City Union of Business Associations (HUBA) honoured 200 excellent enterprises and entrepreneurs of the city in 2020 at a ceremony marking the 16th Vietnam Entrepreneurs' Day (October 13) held on October 7.
HCM City (VNA) – The Ho Chi Minh City Union ofBusiness Associations (HUBA) honoured 200 excellent enterprises andentrepreneurs of the city in 2020 at a ceremony marking the 16th VietnamEntrepreneurs' Day (October 13) held on October 7.
The outstanding businesses and businessmen were selectedfrom a vote launched by HUBA between June and August that attracted theparticipation of 215 firms in the southern hub, with 308 nominees registered.
The 100 honoured firms, including large ones like Hung ThinhCorporation, Thien Long Group Corporation, Kinh Do Corporation and Hoa BinhConstruction Group, recorded a total charter capital worth over 976.95 trillionVND (42.15 billion USD).
In 2018 and 2019, their revenue surpassed 580 trillion VND,including over 38 trillion VND of profit. As such, the groups contributed morethan 25 trillion VND to the state budget and over 800 billion VND to socialwelfare programmes, while creating approximately 150,000 jobs.
According to HUBA President Chu Tien Dung, a new assessmentcategory on COVID-19 resilience via innovation in business and production wasadded this year.
In addition to these 200 awardees, HUBA also proposed thelocal authorities consider granting certificates of merit for exemplaryenterprises and entrepreneurs in the fight against the pandemic.
HCM City is home to more than 438,000 companies./.
Ho Chi Minh City lured 3.25 billion USD in foreign direct investment (FDI) in the first nine months of 2020, down 28 percent over the same period last year, reported the city Department of Planning and Investment.
More than 6,000 enterprises in HCM City have resumed operations following the containment of the COVID -19 pandemic and more than 30,000 new ones with capital of 696 trillion VND have been set up this year, the city chairman has said.
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SSI Securities Corporation topped the list of 10 largest securities companies in the third quarter of this year recently announced by the Ho Chi Minh Stock Exchange, with a 11.8 percent market share.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
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PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
At the event (Photo: VNA) 
