Photo for illustration (Source:

Throughout the opening nine months of the year, the country had approximately 99,000 newly registered enterprises, representing a fall of 3.2% in terms of the number of enterprises. In addition, there was rise of 10.7% in registered capital and a fall of 16.3% in terms of the number of employees compared to the same period last year, with the number of firms temporarily suspending their business operations rising by 81.8% from the same period last year.

Vietnam Institute for Economic and Policy Research (VEPR) experts forecast that Vietnamese economic growth for the year will range between 2.6% and 2.8% providing that the COVID-19 epidemic remains under control domestically.

A workshop has recently held in Hanoi to unveil the third quarter of independent assessment of Vietnamese macroeconomic performance.

Assoc. Prof. Dr. Pham The Anh, chief economist at the Vietnam Institute for Economic and Policy Research speaks at the event

During the event Assoc. Prof. Dr. Pham The Anh, chief economist of the Vietnam Institute for Economic and Policy Research (VEPR), stated that the country’s economic prospects for this year will largely be dependent on its capability to continue its success in containing the novel coronavirus (COVID-19) pandemic.

Growth prospects can be attributed to the enforcement of the EU-Vietnam Free Trade Agreement (EVFTA), according to Assoc. Prof. Dr. Anh, in addition to the impending ratification of the Europe-Vietnam Investment Protection Agreement (EVIPA), along with the disbursement and construction progress made with regard to key public investment projects, reported VNA.

Other positive factors include raw material costs maintaining their low rates due to reduced demand for consumption and production, while the country has also benefited from a shift of investment as financiers seek to avoid risks from the ongoing trade war between the United States and China.

Vietnam enters 50th day without COVID-19 cases in community

The country entered the 50th straight day without community transmissions. The number of recovered patients has reached 1,046. The death toll remains at 35.

Taking sample to conduct COVID-19 test (Photo for illustration/ Source: VNA)

The Health Ministry said the risk of COVID-19 entering the country remains high with more flights bringing Vietnamese citizens and foreign experts home. It urged continued strict implementation of epidemic prevention measures.

Three new cases of COVID-19 were detected on October 22 among citizens staying in quarantine after returning abroad, raising the total tally to 1,148, according to the National Steering Committee for COVID-19 Prevention and Control.

Support to flood-affected people in central Vietnam

Permanent Deputy Prime Minister Truong Hoa Binh has informed that the Government has decided to provide each flood-hit province with 1,000 tonnes of rice along with medicines and disinfectants, as well as 100 billion VND for search and rescue work.

On this occasion, he presented 100 million VND (4,321 USD) each to study encouragement funds of Huong Hoa and Dakrong districts, and granted gifts to several households affected by flooding in Hai Dinh commune of Hai Long district.

Also on October 22, Vice Chairwoman of the National Assembly Tong Thi Phong visited and presented gifts to flood-affected people in Phong Dien and Quang Dien districts of Thua Thien-Hue province. The districts are the two localities affected most by floods and landslides, with over 16,000 houses in Quang Dien and 13,000 others in Phong Dien inundated.

Thanh Hoa province has announced on the day that the provincial Vietnam Fatherland Front committee had received nearly 6 billion VND from local offices, organisations and enterprises in support of people in the central region.

The Commission for the Management of State Capital at Enterprises and its 19 member units raised more than 60 billion VND, of which the Vietnam Electricity Group contributed over 21 billion USD, the Vietnam National Oil and Gas Group 9.9 billion VND and the Vietnam National Coal and Mineral Industries Group 5.8 billion VND./.

Fund-raising programmes to support flood victims in the central region were launched by the Vietnamese embassies in Russia, Singapore, the Republic of Korea (RoK) and Germany.

Vietnam Embassy in Russia raises fund to support flood victims in the central region (Source: VNA)

Vietnamese Ambassador to Russia Ngo Duc Manh highlighted the significance of the activity. He called on the embassy’s staff and Vietnamese living and working in the country to support the programme, contributing to helping residents hit by floods in the central region overcome consequences of natural disasters and soon stabilise their lives. Before the fund-raising programme was launched in Russia, many volunteer groups were formed across the country to call for assistance for flood victims, raising a total of over 456 million VND (over 19,650 USD).

UNICEF will provide at least 100,000 USD in emergency relief to the central region which has been devastated by floods and landslides triggered by downpours over the past two weeks.

Books and school supplies were swept away in flood water in the central region (Photo: UNICEF)

“UNICEF has allocated an initial 100,000 USD for emergency relief in water, sanitation, hygiene, health, nutrition, and education, as well as psychosocial support and child protection,“ said Rana Flowers, UNICEF Representative in Vietnam.  She added that while urgently addressing health risks, it is a must to also get children back to learning./.

Compiled by BTA