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.
The HCM City Customs Department has been implementing a number of measures to help the local business community optimise the benefits to be had from the EU-Vietnam Free Trade Agreement (EVFTA) and boost import-export activities.
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.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
At the event (Photo: VNA) 
