Retail systems and businesses producing essential goods, despite difficulties in transporting goods and a labor shortage, are striving to maintain operations and stabilize selling prices to meet consumer demand. Currently, the supply of essential goods in Ho Chi Minh City, Hanoi and some southern provinces is very tense due to the impact of the Covid-19 […]
Read MoreRecord-high sea freight rates have seen shipping companies produce positive second-quarter earnings reports. The VN-Index gained 41.22 points last week, or 3.25 per cent to close at 1,310.05 points after three consecutive weeks of decline. Total trading value on the Ho Chi Minh Stock Exchange (HOSE) fell 7.3 per cent to VND84.9 trillion (US$3.7 billion). […]
Read MoreExpansion of home delivery and promotion programmes are opening up chances for food and beverage enterprises this year, but transportation disruption for the non-essential sector will continue to narrow the door. As more consumers comply with stay-at-home and social distancing orders, food and beverage (F&B) enterprises have launched home delivery and promotion programmes to attract […]
Read MoreThe COVID-19 pandemic not only creates challenges for banks, but also pushes them to foster digital transformation to survive, experts have said. A recent survey by the State Bank of Vietnam found that 95 per cent of credit institutions in Vietnam have either implemented digital transformation strategies or are in the process of formulating them. […]
Read MoreSouth Korea continues to be Vietnam’s largest foreign investor with an accumulated registered capital of US$72 billion in 9,100 projects. While the FDI into Vietnam declined by 2.5% for the first half of the year, the country remained a favorite destination for South Korean investors with a surge in investment inflow of 43.6% year-on-year. Lee […]
Read MoreCar manufacturers are planning to shift production chains elsewhere to Vietnam in case such tax incentives are extended. The current tax incentives for domestically-produced cars, set to expired on December 31, 2022, are expected to be extended beyond that timeline to continue supporting the local automobile and supporting industries. The Ministry of Finance (MoF) proposed […]
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Thailand
