HCM City leads localities nationwide in economic recovery: AmCham Vietnam
Ho Chi Minh City is the leading locality in the country in economic reopening and recovery, according to the American Chamber of Commerce in Vietnam (AmCham Vietnam).
HCM City (VNA) - Ho Chi Minh City is the leadinglocality in the country in economic reopening and recovery, according to the American Chamber of Commerce in Vietnam (AmCham Vietnam).
According to a survey announced by AmCham Vietnam on November 29, businessesin HCM City are on their way to resume production and business activities, andthey are optimistic about the future of the Vietnamese market.
The deployment of vaccination campaigns against COVID-19 in theSoutheast Asian nation have allowed many sectors to open and recover with asafe roadmap, ensuring regulations on pandemic prevention and control, the surveysaid.
More than 60 percent of AmCham Vietnam’s member enterprises which responded tothe survey, have resumed their operations at 80 percent of the normal capacity, and85 percent of them operated at 60 percent of the normal capacity or more.
For those which have not yet reached their normal capacity, 25 percentare expected to reach 100 percent by the end of 2021,and over 60 percent and more than 90 percent hope to return to normal in the first and second quarters of 2022, respectively.
Notably, nearly 80 percent of AmCham Vietnam member businesses participatingin the survey demonstrated their positive evaluations about the medium andlong-term prospects in the Vietnamese market, saying that they have planned orare considering expanding investment in the country.
Executive Director of AmCham Vietnam MaryTarnowka said that more consistent policies on adjustments to safely live withCOVID-19 across localities nationwide will be key to Vietnam's economicrecovery.
Accordingly, liberalizing the requirements related to internationaltravel of foreign experts will not only facilitate investment expansion of enterprisesoperating in Vietnam, but also attract new investment inflows, she said.
However, the survey shows that production and businessenterprises are also facing many difficulties because the domestic marketcontinues to fluctuate and the international supply chain is still not connectedas seamlessly as before.
Thesurvey said the restriction on international travel is the main factor limitingoperations of businesses at present, which leads to supply chain disruptionsand increasing costs. Up to 56 percent of AmCham Vietnam’s member businesses saidthat they have encountered the shortage of labourers./.
The American Chamber of Commerce in Vietnam (AMCHAM Vietnam) and Intel Products Vietnam company presented medical supplies to the 115 Emergency Centre in Ho Chi Minh City at a ceremony on July 21.
Foreign investors maintained their trust in Vietnam despite countless difficulties last year and the country is viewed as a safe destination for development, heard a recent forum in Hanoi.
The Vietnam Fatherland Front Committee of Ho Chi Minh City on September 24 held a ceremony to receive medical supplies and equipment worth 352,000 USD donated by the American Chamber of Commerce in Vietnam (AmCham Vietnam) and its member firms to support hospitals in the city in the fight against the COVID-19 pandemic.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
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With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
Illustrative image (Source: VNA) 
