Not only foreign trade and manufacturing are booming, but Vietnamese domestic tourism is also gradually picking up. Vietnam remains a regional manufacturing hub in electronics, textiles, and footwear, with a growing number of international companies planning to shift their supply chains to Vietnam. The Finanzmarktwelt (Germany) quoted Tim Lee Lahaphan, an economist at Standard Chartered […]
Read MoreVietnam’s e-commerce startup Tiki is expected to be Shinhan Financial’s first strategic partner in the Southeast Asian country. South Korea’s Shinhan Financial Group will acquire a 10% stake in the Vietnamese e-commerce company Tiki through its two subsidiaries to become the latter’s third-largest shareholder. Under the agreement, Shinhan Bank and Shinhan Card, the group’s two […]
Read MoreDeputy Minister of Information and Communications Nguyen Huy Dung said Vietnam has vowed to develop a digital economy and digital society. The Prime Minister has issued a strategy on developing a digital economy and digital society by 2025, with the vision towards 2030. Where is Vietnam in the world’s digital map when releasing the strategy? […]
Read MoreVietnam’s logistics market is worth around 40-42 billion USD a year, and digital transformation among businesses is considered key to their success in this competitive market. The Saigon Newport Corporation is a pioneer of digital transformation in the logistics sector. In 2021, despite the difficulties caused by the COVID-19 pandemic, the Tan Cang Cai Mep […]
Read MoreThe new regional minimum wages, which have been agreed by members of the National Wage Council, will be effective on July 1, 2022. Revisions of regional minimum wages aim to protect low-paid workers, in addition to reducing poverty and inequity, increasing demand, and contributing to economic stability, according to the International Labor Organization (ILO) Country […]
Read MoreThe banking sector will continue providing support for its customers affected by the pandemic, including ongoing efforts to restructure debt payments and waive and cut interest rates. Credit institutions in Hanoi have so far waived and lowered lending interest rates for 316,000 customers with a total outstanding loan of VND521 trillion (US$22.7 billion), according to […]
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