Vietnam is seeking solutions to help local businesses overcome obstacles by forming business groups and fields to increase output and quality of products. Vietnamese enterprises in supporting industry should increase cooperation among them to overcome weaknesses amid low engagement of domestic market share in the sectors having foreign players. Akutsu Michio, an expert from the Association […]
Read MoreVietnam saw an 11-year-high growth rate of 7.7% y-o-y in Q2/2022, largely reaping the benefits of re-opening tailwinds. HSBC has revised up Vietnam’s GDP growth forecast to 6.9% from the previous 6.6%, making it among the top performers in the region. After two-quarters of sustainable re-openings, Vietnam’s recovery continues to be strong. The country’s second-quarter […]
Read MoreThe National Assembly Standing Committee, at its extraordinary session on July 6, approved the Government’s proposal on additional environmental protection tax cuts on petrol and oil in an attempt to cool down the domestic fuel market. Under the approved resolution, the environmental protection tax on petrol and diesel oil will be further axed in half […]
Read MoreCutting spending on eating out and going to cafés, restricting travel and spending less money on beauty services are all being done now to weather the price storm in Vietnam. Hang Nga, 24, an office worker and a postgraduate at the Hanoi Law University, lives in a rented house near the office and goes to […]
Read MoreWorrying about the escalation of trade tensions between the US and China as well as China’s Covid-19 lockdown, Google may move its smartphone orders to partner factories in Vietnam in the near future. Previously, the US technology giant had a plan to produce smartphones in Vietnam. However, due to the pandemic, as well as China’s […]
Read MoreDespite the pandemic and global political upheaval, which has hit supply chains, a scarce supply of raw materials and rising logistics costs, Vietnam’s export turnover of wood and wood products has still increased. In the first quarter of 2022, the figure reached 4.3 billion USD, up 4.4% year on year. Many Vietnamese furniture enterprises have […]
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