Some notable news: Vietnam's macroeconomics is improving; Proposal for principles to protect personal data; Shares of the Western oil giant are now only over 1,000 VND; Cat Ba will attract international tourists thanks to Hollywood...
Workers check products at a steel factory in Thai Nguyen - Photo: HA QUAN
Vietnam's macro economy is improving, bringing the 2025 economic growth target closer
Hathaway Policy has just released the Vietnam Macroeconomic Report for the first two months of 2025. Accordingly, macroeconomic indicators show many signs of improvement, maintaining this positive momentum will lead to economic growth prospects as expected (8% or more), however, it is necessary to observe carefully and maintain appropriate optimism.
Specifically, total retail sales of goods and consumer service revenue increased by 9.4% over the same period in 2024. This is the second highest increase in the past 5 years.
In February 2025 alone, this index is estimated to reach nearly 562,000 billion VND.
Although down 2.5% compared to the previous month, the decline in people's shopping demand after Tet is only seasonal.
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The cumulative index of industrial production (IIP) in the first two months of the year increased by 7.2% over the same period last year, while the purchasing managers' index in February 2025 increased to 49.2 points.
The investment sector flourished when the realized investment capital from the state budget was estimated at over VND73,000 billion, equivalent to 8.5% of the annual plan, up 21.7% over the same period last year.
Foreign direct investment (FDI) realized in Vietnam is estimated at 2.95 billion USD, up 5.4% over the same period last year.
Impressive budget revenue, reaching nearly VND500,000 billion, up 25.7% over the same period last year, will create financial resources for disbursing public investment projects, stimulating aggregate demand for 2025 and completing infrastructure for economic development.
Import and export of goods are bustling when the trade balance of goods in January 2025 had a trade surplus of more than 3 billion USD, but reversed to a trade deficit of 1.55 billion in February 2025.
In February 2025, the import proportion of production materials accounted for 93.7%, promising prospects for increasing the number of export orders in the following months.
Proposed principles for personal data protection
At the 43rd session, the National Assembly Standing Committee gave its opinion on the draft Law on Personal Data Protection. The draft law will be submitted to the National Assembly for consideration and approval at the upcoming 9th session.
According to the Government, the law is designed to meet the requirements of protecting personal data rights; preventing acts of personal data infringement, affecting the rights and interests of individuals and organizations.
The Bill regulates the protection of personal data and the responsibility to protect personal data of relevant agencies, organizations and individuals with the following contents.
Such as unifying terminology and establishing some important concepts on personal data protection.
Develop 7 principles of personal data protection including legality, transparency, purposefulness, limitation, accuracy, security, limited storage time, and accountability.
In addition, the draft stipulates State management of personal data protection, responsibilities of relevant ministries and branches in the direction of the Government unifying the implementation of State management of personal data protection...
The Ministry of Public Security is the focal agency responsible to the Government for implementing State management of personal data, except for the scope of the Ministry of National Defense.
Responsibilities of personal data controllers, data processors, data controllers and processors, third parties, relevant organizations and individuals...
DIC Corp suddenly cancels plan to offer additional shares
The Board of Directors of Construction Development Investment Joint Stock Corporation - DIC Corp (DIG) has just issued a Resolution on completing the dossier to not offer additional shares to the public to existing shareholders.
Accordingly, DIC Corp decided not to conduct a public offering of shares to existing shareholders according to the Certificate of Registration for Public Offering of Shares No. 231/GCN-UBCK dated December 12, 2024 issued by the Securities Commission.
The reason given by DIC is that the remaining time for distributing securities is not enough to continue implementing the offering according to regulations.
The Board of Directors has assigned the Chairman/General Director to implement the above approved content. At the same time, DIC Corp said it will report to the nearest general meeting of shareholders about not offering shares to the public to existing shareholders.
Shares of the Western oil giant are now just over 1,000 VND
Nam Song Hau Petroleum Investment and Trading Joint Stock Company (PSH) has just sent an explanation to the Securities Commission about the fact that its stock price has decreased for 5 consecutive sessions.
Accordingly, the company said that because the company's shares have been transferred from restricted trading to suspended trading from March 12, it is possible that shareholders want to sell all their shares.
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"Investors' trading decisions are beyond the company's control. The company does not have any direct impact on the trading price of PSH shares on the stock exchange," PSH leaders explained.
Nam Song Hau Petroleum Investment and Trading Joint Stock Company, also known as NSH Petro, used to be a famous name in the petroleum sector in the Southwest region. Before 2023, this enterprise often maintained a revenue of over 6,000 billion VND.
However, recently, NSH Petro has fallen into a difficult situation. After 6 consecutive floor-price sessions, PSH shares fell to 1,770 VND/share.
4 contractors in the race to build the first section of the Xuyen Tam canal project
The Ho Chi Minh City Urban Infrastructure Construction Investment Project Management Board (investor) is currently evaluating bidding documents to select a contractor to implement package XL-03 of the environmental improvement and infrastructure construction project of Xuyen Tam canal.
The package is about 1.4km long, starting from Luong Ngoc Quyen Street to Vam Thuat River.
Perspective of Xuyen Tam canal renovation project - Photo: Ho Chi Minh City Urban Infrastructure Construction Investment Project Management Board
The bidding documents for this package were widely bid online with a package price of about 551.4 billion VND. The bidding results showed that 4 joint ventures submitted documents, in which the contractor with the lowest bid price was 469.1 billion VND and the highest was 517.9 billion VND.
Previously, the XL-03 package was first bid in July 2024, but the investor had to cancel the bid because all contractors who submitted bid documents did not meet the requirements. Therefore, this package was rebid with the expectation of selecting a contractor to start construction before April 30.
The project to dredge, improve the environment, and build infrastructure for Xuyen Tam canal in Binh Thanh and Go Vap districts is about 9km long.
The total investment of the project is more than 17,220 billion VND, of which the cost of compensation, support, resettlement and relocation of technical infrastructure is more than 14,000 billion VND.
Proposal to establish Tu Du Hospital's second facility in Can Gio district
News from the Ho Chi Minh City Department of Health said that it has sent a document to the Ho Chi Minh City People's Committee regarding the policy of establishing a second facility of Tu Du Hospital in Can Gio district.
According to the Department of Health, with its current organizational capacity and experience in directing and transferring technology, Tu Du Hospital is fully capable of implementing a second facility located in Can Gio district.
This is to immediately meet the medical examination and treatment needs of the people of Can Gio district. At the same time, when the Can Gio international transit port project starts construction, it will serve tourists and workers working in the district.
Kidney patient receiving treatment at Can Gio District Hospital, Ho Chi Minh City - Photo: D.PHAN
Regarding the operating model, the hospital's second facility will operate according to the general hospital model, including specialties: internal medicine, obstetrics, pediatrics, emergency resuscitation, anesthesia and resuscitation, etc.
Tu Du Hospital is the investor, responsible for implementing medical examination and treatment activities in coordination with eight leading general and specialized hospitals in the city. Regarding investment funding, Tu Du Hospital's autonomous funding source will be used.
Tu Du Hospital is a leading specialized hospital in the field of obstetrics and gynecology, assigned by the Ministry of Health to direct the line in charge of the provinces and cities: Binh Duong, Binh Phuoc, Tay Ninh, Dong Nai...
The hospital has mastered many specialized techniques, approaching the medical development level of advanced countries in the world, such as reproductive support, interventional techniques to clear heart valves for fetuses in the womb (in collaboration with Children's Hospital 1)...
Cat Ba will attract many international visitors to Vietnam.
After a blockbuster film was filmed in Vietnam, Cat Ba (Hai Phong) was chosen by Hollywood to produce a new film. Through this, international friends will know more about Vietnam, promoting tourism development.
News from the Vietnam National Administration of Tourism, the Ministry of Culture, Sports and Tourism had a working session with a group of Hollywood directors and film producers about a new film production project, in which Cat Ba (Hai Phong) was chosen by Hollywood as the filming location.
Hollywood film crew with a new film production project, chose Cat Ba (Hai Phong) as the filming location, contributing to spreading the image of Vietnamese tourism to international friends - Photo: NAM TRAN
Along with Sa Pa, Cat Ba is the name at the top of the list of small towns most searched by tourists in Vietnam in January 2025.
Based on accommodation searches on the platform in January 2025, Agoda has just announced a list of the most searched small towns by tourists in early 2025. Leading the way are Cat Ba and Sa Pa.
At the beginning of the year, Cat Ba archipelago is a favorite destination for international tourists because of the beautiful scenery of more than 360 large and small islands rising above the blue sea, of which Cat Ba is the central island.
Coming to Cat Ba, visitors can explore famous tourist attractions such as Lan Ha Bay, Cat Ba National Park, Trung Trang Cave, Quan Y Cave, experience kayaking, scuba diving, visit Cai Beo fishing village...
In the first two months of 2025, Cat Ba (Hai Phong) welcomed more than 280,000 tourists, of which international visitors accounted for nearly 180,000. Total revenue from tourism services is estimated at 257 billion VND.
Another Vietnamese fashion brand closes, owner confides 'can't cope anymore'
Floral dress brand The Peachy has announced it is closing after five years of development. The brand owner said it was a difficult but inevitable decision.
In a video posted on her personal TikTok on the evening of March 10, Cara Tran - founder of The Peachy brand - shared that she could not withstand the fluctuations of the market and was forced to close the brand.
For over a year, she has tried to adapt and change but still can't "hold on".
The Peachy is loved for her ladylike, poetic style - Photo: Screenshot of The Peachy
Cara Tran shared that seeing her friends and colleagues close down one by one made her feel a lot of pressure. Despite trying to be optimistic and even doing many other jobs to support The Peachy, in the end she still had to do the most undesirable thing.
"I wonder how long it will take for the economy to recover... But I'm screwed," says The Peachy founder.
Not only The Peachy, many Vietnamese fashion brands are also facing a similar situation. The second half of 2024 and the beginning of 2025 recorded a series of famous brands in Ho Chi Minh City having to announce their closure.
Right after Lunar New Year 2025, the shoe brand Mot, launched in 2018 and loved by young people thanks to its minimalist style, has also officially ceased operations.
Catsa, which once had a revenue of hundreds of billions per year, was "erased" after 13 years on the market. After Catsa, Lep' - a famous women's fashion brand in Ho Chi Minh City, also stopped operating at the end of 2024.
The founders of these brands all shared that they were "exhausted" and could no longer continue to maintain their business in the difficult market context.
Main news on Tuoi Tre daily today, March 12. To read Tuoi Tre printed newspaper E-paper version, please register for Tuoi Tre Sao HERE
Weather news today 12-3
Mother Nhu Monument - Photo: NGUYEN HUU TAN
Source: https://tuoitre.vn/tin-tuc-sang-12-3-se-co-benh-vien-tu-du-2-tai-can-gio-them-mot-nhan-thoi-trang-viet-dong-cua-20250311153619073.htm
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