Free trade agreements like CPTPP and EVFTA are driving Vietnam’s trading performance during a difficult economic year. Vietnam’s trade turnover in 2021 is expected to hit an all-time high of US$640-645 billion this year, despite the severe economic impacts from the Covid-19 pandemic. Statistics from the Import-Export Department under the Ministry of Industry and Trade […]
Read MoreThe majority of foreign-invested enterprises listed on Vietnam’s stock market either posted lower after-tax profits or losses in 2020 due to the impact of the COVID-19. While most listed foreign-invested enterprises (FIEs) were in the red, only Siam Brothers Vietnam JSC and Tung Kuang Industry JSC reported increases in after-tax profit by 18 and 56 […]
Read MoreThe volume of goods traded between Vietnam and China through the two border-gate railway stations of Lao Cai and Dong Dang was over 838,000 tonnes in the first nine months of 2021, up by 43 per cent year on year (YoY), according to Vietnam Railways Corporation (VNR) statistics. The growth was attributed to coordination between […]
Read MoreWhile tourism has been hit hard by Covid-19, e-commerce has become the driving force for the digital economy in Vietnam this year. VNG has announced that it will pour 22.5 million USD into Telio, a local B2B e-commerce company, a big investment by a local investor in a Vietnamese startup. In 2016, VNG also invested […]
Read MoreOnline shopping in Vietnam is expected to increase sharply near the end of the year. Many people associate this with the so-called ‘revenge shopping’ which refers to people actively spending after a long time sitting at home avoiding the epidemic. However, Steven Tuan Nguyen, Criteo’s Senior Director in Southeast Asia, said the trend of “revenge […]
Read MoreForeign capital flows are not only poured into Vietnam through FDI projects but also through buying shares in leading companies in the country. Vietnam’s T&T Group, Hanwha Energy JSC, Korea Southern Power Co., Ltd. (KOSPO) and Korea Gas Corporation (KOGAS) recently received a licence to invest in the Hai Lang LNG gas power center in […]
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